Wednesday, June 5, 2013

Property Counter to Short if Support is broken: Capitaland. (CFD TO Short sell Only)

Capitaland supported at 3.40 currently, has seen it touched the 3.40 level again today but still maintained above it. If this support breaks down, likely to head lower to probably 3.20 to 3.20 level.
Currently still holding above this support level. Can see that it has maintained above this 3.40 level since Nov Last year till now, like for seller to push it lower if support broken. One thing to NOTE is that it has broken below the 200 DAY MA ( Dotted Blue line) 3 days back and still below it as of now. If support at 3.40 does break down, short term downside likely with a Buy stop at 3.44.

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