Capitaland was strong today.
Not much sign of weakness, despite the T+5 today.
I redraw the trendlines again.
To my surprise, and now I know why it has no power to go further today.
It has hit the long term downtrend resistant of $3.10.
Significant day of $3.08 (30 Sep)
$3.07 of accumulated high volume and natural resistant.
Tomorrow longterm downtrend resistant at $3.08 too.
Got to watch whether it can break it.
I think it is likely if window dressing sets in.
Dow is showing weakness now, showing sign of breakdown from shortterm uptrend.
If it really closes at lower today, tomorrow could be the last chance to grab it at opening (if gap down) before the window dressing.
Watch watch watch.
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