CapitaLand (technical)

CapitaLand: Trading Central notes share price remains strongly supported by a medium term upside trend line since May ’12. Both the 20 day and 50 day MA are heading upwards, which should limit the downside potential. Daily RSI stands firmly above its neutrality area at 50%. Highlights that as long as support at $3.46 is not broken, further upside could occur at $3.90 and $4.00 in extension.