Monday, July 4, 2011

Capitaland: Weekly chart.

Capitaland seems to be enjoying a respite.

A quick look at the weekly chart suggests that a retest of the declining 20wMA as resistance is likely. It could happen this week or the next couple of weeks.


If I were to hazard a guess, it could be at $3.14 if it should happen as that is also where we see some resistance provided by the candlesticks. However, volume declined in the last couple of