CapitaLand (technical)

CapitaLand: Trading Central says the stock remains under pressure after the recent downside penetration of a "symmetrical triangle" pattern. The daily RSI stands weak below its neutrality area, and both the ST & MT moving averages are turning down, and are above the prices. To conclude, as long as $3.13 is resistance, the house expects a new down leg to $2.75 and $2.6 in extension.