Weekly chart shows that Capitaland has made a convincing broke out from the multi-month down trend channel.
GMMA in the daily chart shows confirmation of the breakout from the down trend channel.
After the breakout, price of Capitaland rose sharply with an increase in volume, forming the flag pole.
Daily volume during the formation of the flap pole was greater than the average volume.
During the formation of the pennant, volume dried up and was lower than the average volume.
The last candlestick made a Rising Window and formed a Bullish Kicking pattern on heavy volume to breakout from the bullish pennant chart pattern.
Outcome:
LONG trade was not opened because was not able to buy at desired price.
