Between CapitaLand and CapitaLand Integrated Commercial Trust (CICT), CapitaLand has greater relative strength comparative. Prices have moved above a several times tested resistance area at $3.20 to $3.23, just as the 50- and 200-day moving averages have made a positive cross. This coupled with rising 50- and 100-day moving averages, and volume expansion should provide sufficient impetus for prices to move progressively higher. CapitaLand ended at $3.29 on Dec 18, leaving plenty of upside over a period of a couple of months as the break above $3.20 indicates an eventual upside of $3.90, with the breakout level providing support in the short term.

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