Capitaland Ltd (SGX: C31) strong upside is set to continue based on the recent technical and price actions:
1. The formation of the ascending triangle has formed a strong potential upside once prices begin to break above the resistance zone.
2. The rounding bottom combine with the ascending triangle resemble a cup and handle formation.
3. Bollinger band indicate a squeeze and with the morning star formation formed, the possibility of breaking above the band has increased.
4. Prices is still trending above the immediate uptrend line.