Thursday, July 31, 2014

CapitaLand (technical)

CapitaLand: Counter at new 52-week high, with RSI and Stochastics indicators at the overbought region. Counter may see further upside in the near-term, supported by the rising positive momentum as reflected on the ADX indicator, until further signs of a slowdown. Resistance at $3.50 followed by $3.85, while support levels are at $3.30 followed by $3.20 levels.

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