Capitaland found a strong support at $3.50 recently. We can see a minor rebound within this 2 days but how firm this rebound will lead us to?? When we look on weekly chart shown, there is a possible divergence is forming. Price fall deeper and KD line “may” cross up at higher level than previous one. If say price closes at the end of this week within last week’s candle body then we also can hope for a “Harami” form which indicating a reversal signal. By the way, both of the signals are required further confirmation as firm signal which probably will known by end of next week.
If prices drop beyond recent low or KD lines going lower than recent low within this 2 weeks, then most probably above analysis will not applicable for this counter anymore.
