Capitaland hit the headlines recently with rumours on the issuance of rights and has fallen sharply since then. It has since denied such rumours.  Like most stocks in the property sector, Capitaland has broken the support level which was at $2.85. This was a significant support level because it was confluence by the 50-day moving average support. Thus, the next significant support may be $2.38 which is the 3-month low. The upside for Capitaland is currently capped at the resistance level of $3.25.