Capitaland hit the headlines recently with rumours on the issuance of rights that has caused the share price to fall sharply. It has however 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. Thus, the next significant support may be $2.38 which is the 3-month low. The upside for Capitaland may be limited by the resistance level of $3.25.