16 May '12, 2pm
Stock Chart: Capitaland!
On Wednesday, Capitaland re-test the support at $2.63 and closed at $2.66 with regular volume of 10.34 million shares traded. A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold). Both RSI & MACD are bearish though RSI in oversold region. Important Resistance of Capitaland: $2.75 Immediate Support of Capitaland: $2.63 Currently prices are resisted by 200 days MA. For the past 6 trading sessions, prices have been well support at the $2.63 support. The support at $2.63 is expected to be strong. Normally at this kind of bearish market sentiment, we would not advise anyone to long stocks. But if Capitaland remains supported despite STI falls, it may be a good chance for entry. Stock Chart: Capitaland! is contributed by : … Read the full article → Related posts...