CapitaLand (technical)

CapitaLand: Trading Central notes hsare price has just bounced off the support of a medium term ascending trend line since end May ’12, and is expected to post further advance. Says, as the key moving avgs are heading upward, they would laos play as strong support roles. The technical indicator RSI remains supported by a rising trend line confirming a positive outlook. Tips that as long as the stock holds above $3.05, expect further upside to $3.33 and $3.45 in extension.