CapitaLand (technical)

CapitaLand: Trading Central notes share price remains supported by a medium term rising trend line since May 2012, and is currently pulling back to test its bullish moving averages' support. However the daily RSI lacks strong downward momentum. As long as 3.76 is not broken, expects a limited consolidation before further upside move to $4.05 (the previous high) and $4.23 in extension.