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Thursday, February 11, 2016

Capitaland

Capitaland - 11th Feb 2016

Capitaland is confirmed on a downtrend mode as reflected from the chart.
The current price of $2.85 is staying below both 14SMA & 25SMA lines which is generally rather negative.



MACD is also pointing downwards which may provide further indication that the share price may continue to slide down further towards $2.67 with extension to $2.40 ( the previous low  in May 2012).

It will be wiser to wait for the market to stabilize before deciding to long/accumulate.
(trade base on your own decision)


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