Wednesday, March 19, 2014

********** Potential Downside: Capitaland. Share price 2.72

Capitaland has broken down its immediate support at 2.73 which has held last month too before rebounding slightly. A break below 2.70 psychological support would serve as further confirmation of short term weakness in this counter along with overall market. Potential CFD Sell trade opportunity. Those who already have long positions and would like to average down can consider accumulating near support at 2.60 then 2.40. Shortists using CFD can ride the downside on any break of this key support levels and cover back along the next support. Let’s see if 2.70 breaks down too……
Buy stop 2.81
 

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