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CapitaMalls Asia: Overcame resistance.

Tuesday, January 17, 2012

CapitaMalls Asia is rising and stronger than Capitaland too.

Its share price overcame resistance provided by the 20wMA.



Resistance provided by the 138.2% Fibo line at $1.32 is the one to watch now. Could we see a retest of $1.40, the high touched in early November 2011?

The 20wMA could be resistance turned support in the event of a weakening in price. This is at approximately $1.26.

Related post:
CapitaMalls Asia: 20wMA, the resistance to watch.

2 comments:

INVS 2.0 said...

Hi Ak71,

Well uh, many lessons to absorb today. Huat ah! :)

AK71 said...

Hi INVS 2.0,

I hope to learn something everyday or almost everyday. :)

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