Capitaland Ltd seems to have stabilised after the recent sell down, finding itself a support at 5.53, a level could well be the bottom if it is not penetrated. But if 5.53 is broken, the downward momentum will continue to the next support at 5.42.

The immediate resistance at 5.97 has to be breached to further confirm the end of the near-term down trend. In the meantime, Capitaland is likely to trade within the resistance and support.