Capitaland: pulling further away from the 3.00 new found resistance after a slight rebound today..... negative below..... price 2.93

Trading towards 2.85 now?

Sent: Wednesday, January 20, 2016 11:36 AM
Subject: ************** Capitaland: A potential clear breakdown below 3.00 is a negative... price 2.99

Following up from previous call, we have seen the CRITICAL 3.00 Psychological support tested and thrown down today on strong volume. We need to be cautious with this price action especially with some heavy selling down at 3.00 just now seen. If the 2.98 – 2.99 levels clear out as well, there can be more downside the 2.90 then 2.85 in the short term. CFD SELL with buy stop loss at 3.03. Bears may be wrestling back control again with this breakdown below the 3.00 level that has held since October last year. CAUTIOUS LONG !