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Capitaland is on the rise.
I see resistance at $2.48. This is provided by the moderately declining 20wMA as well as the 138.2% Fibo line.
Beyond $2.48, resistance is provided by the 150% and 161.8% Fibo lines at $2.50 and $2.53 respectively.
In case of a retracement, we could see a test of the 50% Fibo line at $2.30 or the 38.2% Fibo line at $2.27.
Related post:
Capitaland: 20wMA, the resistance to watch.
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