Technical Pulse: Capitaland October 4, 2019 189
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Capitaland (SGX: C31) bullish sentiment will return based on the technicals below :
- 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.
- Bullish hammer rejects the 200 SMA.
- A falling wedge formation.
- RSI bullish divergence formed.
CHART LEGENDS
Red line = 200 periods moving average
Blue line = 50 periods moving average
Green line = 22 periods moving average
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