02 Jun '11, 3pm

Stock Chart: Capitaland!

Stock Chart: Capitaland!

On Thursday, Capitaland broke the support at $3.09 and closed at $3.07 with LOW volume of 9.89 million shares traded. A black candle sticks with short upper shadow indicates that bulls attempt to recover back above the critical support of $3.09 but failed. Both RSI & MACD are turning flat as RSI trend sideways. Important Resistance of Capitaland: $3.09 Immediate Support of Capitaland: $3.05 Currently prices are well below the 20/50/100/200 days MA. The critical support at $3.09 has been broken today with low selling pressure. Although the selling pressure is relatively contained but it is a bearish signal and could trigger heavy selling pressure if prices cannot recover back above $3.09 level. Do not encourage to buy now as Capitaland is very bearish now as there are no signs of any buying from the market. Watch for any heavy selling pressure … Read the full article → Rela...

Full article: http://thefinance.sg/2011/06/02/stock-chart-capitaland/

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