Tuesday, May 28, 2013

Capitaland (technical)

Capitaland: Based on technicals, the sliding RSI seems to suggest possible downside, although Stochastics at oversold levels indicate otherwise based on historical evidences. ADX suggests the recent downtrend have lost some strength as well. Would suggest to hold out for a less conflicting reading on the indicators. The $3.40 region offers some level of support, followed by the $3.10 area. Support-turned-resistance at its recent high of $3.86, followed by $4.05 thereafter.

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