Friday, March 29, 2019

Capitaland: Pushing higher with indicators still looking good. Price 3.66

Just last month, we saw Capitaland approaching the critical 3.40 - 3.45 level…

That resistance has been holding prices down since June last year and buyers just could not breach it after multiple attempts

But something seems to be brewing with buyers attempting to break that key level again..

Some bullish price actions was seen and hence upside targets were drawn.. see what I mean..

Over the past few weeks, we managed to see Capitaland pushing higher to a high of 3.55…

But there were some profit taking that came back already,

Some sideways consolidation seen below 3.55 but there were still signs of the upside reversal continuing..

Hence targets were reiterated again over the past few days..

Have broken out higher revised target at 3.60 and 2nd target looks on track..

Indicators still looking positive for now and pointing towards a good uptrend..

However, we may start to see some selling coming back again as we approach the 3.80

Let’s see… quite a good reversal caught where more upside still possible…

See where we are now below…

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