CapitaLand (technical)

CapitaLand: Trading Central notes the stock recently broke below a "symmetrical triangle" pattern, and is now turning down. Both the ST & MT moving averages are above the prices, and should prevent any upside potential. Moreover, the daily RSI remains capped by a negative trend line, calling for further decline. In conclusion, below $3.3, the house expects a new down leg to $2.75 and $2.6 in extension.