CapitaLand (technical)

CapitaLand: Trading Central notes share px has bounced off the support of a medium term ascending trendline since May '12, and is expected to post further advance towards its previous high at $4.05. As the key moving avg are heading upward, they also play strong support roles. Notes daily RSI standing above the neutral area and is turning up, confirming a positive outlook. As long as sh px is above $3.76, expects further upside to $4.05 and $4.23 in extension.