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Full Throttle Ahead As Upside Momentum Continues To Dazzle
 
Singapore

Capitaland
 

Major property developer, Capitaland is finally showing signs of an upside revival. It has started to display a series of higher highs, higher lows and the MACD trend indicator has also started to inch upwards that indicate the presence of a bullish trend.  In addition, the Stochastic oscillator continues to trend upwards above the 50% level which suggests that upside momentum is still intact. A further rally may be in the making for Capitaland to test the immediate resistance at $4.44 and a break above it may open up scope for further upside towards $4.63 next. However, failure to hold at the immediate support region of $4.11-$4.03 may damage the bullish trend to see a sell-off towards the next support at $3.94.

 
 
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