Tuesday, June 8, 2010

CapitaLand

Key levels
Resistance 2: $3.82
Resistance 1: $3.72
Support 1: $3.30
Support 2: $3.00

A head‐and‐shoulder chart pattern has been validated on Capitaland when the price broke below the neckline at $3.70 last month. The 100‐and 200‐day EMA are poised for a crossover,suggesting more tests of support levels ahead.

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