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17

Jun

Capitaland – Uptrend formation or just a Bear rally?

Posted by Jay Chia  Published in Technical Analysis

Trend: Uptrend (lack of higher low), 20ma slightly up, MacD just above 0 Support: 3.62 (20ma close), 3.73 (50ma) Resistance: 3.82 (100ma), 3.89 (falling window), 3.96 (200ma close) Observations: Candlestick – Doji with longer upper shadow testing 100ma Histogram –Many Gs, No bearish divergence is seen. RSI – Overbought. No bearish divergence is seen. Stochastic [...]

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