Capitaland a property stock has been testing the short term downtrend that we drew a few times and can’t seem to break out from it yet.
If it fails to break we might see it head down towards 3.45 and if that horizontal support breaks then we might eventually see 3.39.
If it breaks above the downtrend line then Capitaland might face a few hurdle to cross . One of which is the 50 days moving average and the other uptrend line we drew. So a stop loss above 3.58 can be placed.