Thursday, December 10, 2009

Capitaland retesting support turned resistance trendline



Failed to clear support turned resistance bold red trendline yesterday. A breakout above this resistance line will push price into pink resistance zone. Need to clear $4.30 to retest 26 Oct 2009 peak at $4.46 . Stochastics approaching overbought region while RSI hovering around previous resistance levels 58 to 60. Immediate support is green zone followed by blue zone. Live chart snapshot taken at 2.58 pm.

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