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Friday, May 17, 2019

Capitaland

Chart wise, looks rather bearish!
After hitting the high of 3.72,it has since corrected sharply and close lower at 3.33 level.
The current price is staying below it SMA lines and slightly supported by the 200 days moving average at about 3.32 level.


Breaking this 200 days moving average plus the recent low of 3.29 would be super bearish!

Short term wise, I think it would likely re-test 3.29. Breaking down of 3.29 with high volume that may see further selling down pressure towards 3.20 then 3.07 with extension to 3.00.

Not a call to sell or buy.

Pls dyodd.



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