CapitaLand (technical)

CapitaLand: Trading Central notes the stock has accelerated on the downside, capped by the descending 20 day & 50 day moving averages. RSI is still negatively oriented with no sign of reversal. The house remains bearish , and as long as the $3.45 resistance holds, expects a new pullback to $2.97 and $2.85 in extension.