CapitaLand (C31) Bullish Flag Pattern
CapitaLand consolidated since March 17, after government announced to tweak part of the property cooling measure. Under the Wyckoff Method, we termed this consolidation zone as Re-accumulation with the prospect of another upward move (Mark Up).
At times, the re-accumulation can be slanted downward. But it also proves the supply is considerably larger than normal re-accumulation zone. Traders should be more cautious when trading breakout for stocks.