Capitaland forming small cup and handle?

Good day all,

This is Capitaland, C31.SI. After sliding down from highs made in 2009/2010, Capitaland began a long slide to end up where it is now. Over the last few months, Capitaland began ranging between $2.20 to $2.75. From December of last year to now, Capitaland has been forming what looks like a small cup and handle pattern (aqua pencil markings). From what I have seen, small cup and handles do not perform too well. But we can still observe Capitaland, and see how it goes. Important thing is to wait for the upward breakout. If we do get a breakout, then it would look good on the chart since Capitaland is near a resistance zone made up of the 200-day MA (in blue), resistance trendline (in red), and large channel trendline (in grey).

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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