Thursday, October 13, 2011

Capitaland, CapitaMalls Asia and NOL: Closing charts.

CAPITALAND

Volume increased over the last session but the bulls were not strong enough to have the share price close above the 50dMA. Closing at $2.52 is where we find resistance provided by the declining 50dMA.



Although price did touch a high of $2.56, forming a white spinning top suggests indecision and is a sign of weakness.

The counter has, in the meantime, broken out of its immediate