CapitaLand Ltd (SGX: C31) upside has been strong and impulsive since prices breaks upward of the falling wedge. Technical indicate that the bullish upside is yet to be completed:
*Timeline of the trade is 3 weeks from the date issued.
*Resistance level at $3.23 remains a crucial resistance level to be cleared. Should it fails to clear, the next support at support zone 1 will be the next best level to accumulate for a buy.
Ichimoku Kinko Hyo
Red dotted line = 9 Periods Tenkan-Sen
Blue dotted line = 26 periods Kijun-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Black line = 26 periods Chikou Span. Lagging line
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