Technical Pulse: Capitaland October 4, 2019 189

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Capitaland (SGX: C31) bullish sentiment will return based on the technicals below :  


  1. Bullish hammer above the support level 1 and 61.8% of the Fibonacci retracement level of 35-3.63. The hammer rejects the demand area.
  2. Bullish hammer rejects the 200 SMA.
  3. A falling wedge formation.
  4. RSI bullish divergence formed.



Red line = 200 periods moving average

Blue line = 50 periods moving average

Green line = 22 periods moving average

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