Chart Souce: Poemsview 13th April 2018
Capitaland a blue chip and part of the Straits Times Index component stock had a nice rebound recently.
It had a nice move up after breaking above its downtrend line recently which was also at the 200 days moving average.
Capitaland is now facing another horizontal resistance at $3.70 and if it manages to break above that and stay above that we might see more upside.
With a rebound together with the recent market, where will Capitaland move to next? We’ll be keeping an eye out for this counter to see if the next upside move comes.
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