Capitaland Dead Cat Caught By Net

Falling dead cat caught by 200 SMA safety net but bounce is restricted by light green resistance zone. A breakout above this zone will see the dead cat bounce to the light blue support turned resistance zone followed by 100SMA. Next resistance is the orange resistance zone followed by the gap resistance near 4.20 then the cat roars!

The alluring low RSI and Stochastics are fattening the dead cat and as the dead cat gains weight it may break the 200 SMA safety net and further weakness will test the red support zone. MACD warns of probable faulty safety net. Stay alert and be nimble. When hunting bears sometimes it is wiser to hunt with the bears!