CapitaMalls Asia is rising and stronger than Capitaland too.
Its share price overcame resistance provided by the 20wMA.
Resistance provided by the 138.2% Fibo line at $1.32 is the one to watch now. Could we see a retest of $1.40, the high touched in early November 2011?
The 20wMA could be resistance turned support in the event of a weakening in price. This is at approximately $1.26.
