They say CapitaLand is a downtrending stock. Why?

CapitaLand is forming a descending triangle., thats why! There is strong support at $3.61. And today it bounced off that support line to close 2 cents higher.

If $3.61 support is breached, then expected next support at $3.51. If you consider the timeline from Oct 2009, then CapitaLand has formed a triple bottom; it's a very good chance it will do a technical rebound with the green zone as resistance levels.