Capitaland: Resistance at $2.48.

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.

Hyflux: Divestment as gap closed at $1.365.

My sell order at $1.365 was filled today. This is the gap filling I talked about before. 

Could price move higher in the next session? It could, of course.

However, the upper wick in today's white candle as price touched a high of $1.37 before closing at $1.35 suggests that selling pressure is very much present. 

Moving higher on lower volume compared to two sessions ago is also a sign of caution.

The declining 100dMA is likely to exert downward pressure on price action. 

So, further upside could be capped at $1.385 or so. In a retracement, expect some support at $1.21.

Related post:
Hyflux: Retest of recent high.