Since June 2009, Capitaland is trying to seek a clear direction as it traded sideways for more than three months. Recent price action suggests that the stock appears to be coming back to “life”. Interesting technical configuration to note will be the convergence of the 20, 50 and 100-day moving averages. When there is such a movement in the moving averages, it tends to suggest that a “big” move is looming round the corner. In addition, the MACD trend indicator had a bullish crossover above its signal line and centerline.  The MFI oscillator had broken above its resistance, thus all these positive signals imply that the “big” move may be on the upside. Be on the lookout for its immediate resistance at $4.15 and a clear break above it shall see further upside towards $4.63 followed by the next classical resistance at $4.80. The immediate support will be at $3.83 and a violation below it may negate the bullish tone to see a fall towards the next stronger support at $3.63.