CapitaLand (technical)

CapitaLand: Trading Central notes share price has just bounced off from both a medium term bullish trend since May '12 and a long term horizontal support at $3.14. The 20 day and 50 day moving averages are heading upwards and are supporting the current bullish trend. Adds, RSI has rebounded on its key horizontal support around the 50% neutrality area, and is confirming a positive outlook. Tips a further advance with targets at $3.45 and $3.58 in extension.