Capitaland

Capitaland after hitting the high of 3.15 on 28th April 2016 it had since drifted lower to touch 2.93 on 24th May 2016. This is rather bearish.

It is now in a consolidated /neutral position as indicated on the chart.

Macd is showing sign of a positive divergence which may provide further indication that the share price may perform a technical rebounce soon.

Also RSI is pointing upwards which may likely confirm that a technical rebounce is imminent.

If it is able to move up and cross over 3.03 with ease + high volume that may likely confirm this technical rebounce and a possibility of reversing this down trend .

Breaking out of 3.03 would be a good indication that the share price may likely to continue to trend higher towards 3.13 then 3.20 and above.
(trade base on your own decision)