CapitaLand to pull a surprise?

Initially it looks as if there is a descending triangle being formed here. The decreasing volume seems to support it. Other also look at it as a rectangle pattern - consolidation or a pause from the downtrend before dipping further.

Then somehow last friday, it bounced up, breaking the formation with a decent volume, suggesting perhaps the trend might be gearing towards the positive camp. Is this a fake head? Let see.

• Chaikin money flow index suggests that selling pressure has been weakening. RSI & Stochastics are supporting this claim with the rise in their indicators.
• MACD has a slight positive divergence.
• Guppy short term averages seem poised to meet the long term averages which suggests that price will appreciate to align with the current long term price. 
• $3.50 support has been tested 4 times. Every failed attempt only to serves to make this support stronger. I can only infer that $3.50 is likely the bottom.

The next two days will confirm if there has been a trend change for CapitaLand.