The Head and Shoulder on CapLand

Now let's hope that I am referring to the right counter because my data base only tells me it is Capita. I believe this chart is Capital Land, or Capland for short.


Fig 1 Capland Daily Chart

I started off with using Weekly Chart but I found the chart looks very quantised at weekly level.The daily level looks much better.

Looking at the chart, I see a head and shoulder with objective of 2.785. It might however head back to the neckline at 3.83 first.

The indicators seems to be heading up with potential divergence, but I won't bet on it.