It is interesting to see Capitaland shooting up even though it announced a rights issue.
The technical indicators sure look good at the moment. The MACD made a bullish crossover on 10 Feb 09 on heavy volume. Stochastic indicator also made a bullish crossover. RSI is increasing and is not in overbought/oversold territory.
The stock is approaching resistance at $2.90. This level also coincides with the upper Bollinger Band.
Let’s see if the stock can penetrate the $2.90 level today.
The technical indicators sure look good at the moment. The MACD made a bullish crossover on 10 Feb 09 on heavy volume. Stochastic indicator also made a bullish crossover. RSI is increasing and is not in overbought/oversold territory.
The stock is approaching resistance at $2.90. This level also coincides with the upper Bollinger Band.
Let’s see if the stock can penetrate the $2.90 level today.
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