05 Jul '12, 2pm
Stock Chart: Capitaland!
On Thursday, Capitaland broke the resistance at $2.84 and closed at $2.90 with HIGH volume of 17.47 million shares traded. Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue. Both RSI & MACD are bullish though RSI in overbought region. Important Resistance of Capitaland: $2.91 Immediate Support of Capitaland: $2.84 Currently prices are well supported at 100 days MA at $2.84. Today prices have broken the critical resistance at $2.84 with high buying pressure and closed right at high. This is a bullish signal. The support at $2.84 is expected to be strong. We would not suggest buying now as RSI already in overbought region. Instead we urged to take profit at $2.91 resistance or once prices began to pullback. … Read the full article → Related posts:Stock Chart:...