CapitaLand (technical)

CapitaLand: Trading Central note share price is strongly supported by a medium term ascending trendline, as well as the rising 50 day moving average, which should also limit the downside potential. The RSI remains well oriented and stands firmly above the neutral 50 level. As long as support at $3.85 is not broken, the house sees a further advance toward $4.14 and $4.23 (Oct ’10 high) in extension.