Tuesday, July 27, 2010

Capitamalls Asia $2 Milestone Support



Since topping at the all time high peak at $2.75 price has been trapped inside a downward channel. Any breakdown below $2.00 will probably see a retest of the 1.95 to 1.90 support zone.

The downward dual resistance upper channel must be overcome if price wants to move higher. First peak resistance to clear is $2.11 followed by $2.22 before an uptrend turning is established.

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