17 Aug '11, 3pm
Stock Chart: Capitaland!
On Wednesday, Capitaland continue to trend aimlessly and closed at $2.54 with LOW volume of 15.08 million shares traded. A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows , the steady downward pattern is bearish. Both RSI & MACD are turning flat as MACD lines began to converse together. Important Resistance of Capitaland: $2.75 Immediate Support of Capitaland: $2.48 Currently prices are resisted by 20 days MA at $2.75 For the past 4 trading session, Capitaland has been trending directionless with low volume which affirms that investors are having low interest in this stock. The trend of Capitaland is bearish as prices have bee...