Mapletree Commercial Trust Broke Support At $1.80SGX:N2IU showed bearishness as the price broke the convergence triangle. The immediate support is at $1.80.
The price is trading below the the 50-day moving average as well.
Fundamental wise, the REIT continues to deliver strong results with resilient portfolio.
The REIT is currently trading at 4.4% dividend yield.
Click here to compare the Singapore REITs.
Bullish: Breakout Expectation (Beta)Trade Plan,
1st Target price @ S$1.28 (Net HVN)
Stop loss a@ S$1.13 (Below current HVN)
Risk/Reward Ratio: 2.75x
Technically,
Stock is displaying bullish character (rally on increase vol and consolidates on reduced vol). Thus we have expectations of the breakout to materialise. Next HVN level gives us a RR Ratio of 2.75x with stop below current HVN.
Fundamentally,
Beneficiary of a recovering China economy and entering into industrial and office space potentially gives the REIT an improved val
Bullish Expectations: Broke out of Trading Range (JAC)Sembcorp Ind (U96) traded above its consolidation range (JAC) today.
A summarized analysis, we noted that supply has been weak throughout the 21 days range. We also noted that an early spring on 29 Sept.
On the other hand, demand returned near to the end of the range, with Sign of Strength (12 Oct) and JAC today (15 Oct).
Here's our plan:
Entry: On Open
Target Price: S$1.55- S$1.60
Stop Price at S$1.31 (Below HVN Level)
Trading Stop: 7D SMA
Fundamentally, company may be expecting more solar
DBS: Triple Tops or Bullish Triangle Breakout?SGX:D05 is in the crossroad, either the Triple Tops will prevail or it will be a bullish breakout.
Based on the current formation, and if we combined with Supply and Demand; it is wiser to wait for Long Setup rather than Shorting it.
As at today there is no LL yet and overall still Buyer in control.
Here is my personal call:
Buy Stop at $21.65
Stop Loss at $21.30
Take Profit at $23.00
Risk Reward Ratio = 3.97R
Potentially, you can buy yourself an iPhone 12 Pro Max 512Gb by end of the year, if
Citydev Range Trading From technical point of view, should see price consolidation between $6.80 - $7.10.
Look to trade within the range.
Long on valuation perspective
1) Sell off due to Director resign on disagreement over Sincere Property Group & Millennium & Copthorne Hotels
2) Concern not new, review from External Financial Advisor might help to ease concern
3) Based on 1H20, Cash holding at SGD 2,392,024,000 ( Cash per share S$2.63)
4) NAV @ $11.66/ share
YZJ Long1) Price reject MA200 on the 4hour chart
2) MACD bullish crossover from the oversold region
3) RSI attempt to breakout 50
4) Fundamentally, trading at attractive valuation
- Strong net cash of RMB 4.4 Bil (S$0.22 per shares)
- Annually dividend estimate 4.3% (annually in May)
- P/B 0.633
- P/E 7.6 x
5) Coming up results on 4 Nov
Accumulate bet 0.95 - 0.97
DBS Short1) Price attempt to break out 21.55 on 13/10/20 with day high at 21.65
2) Double bottom formation (suppose a bullish reversal pattern) with key Resistance at 21.45
3) MACD Histogram indicate losing momentum
4) RSI fail to stay above 70
5) Fundamentally: quarterly dividend might be a disappointment, usually in Nov.
Short 21.49 - 21.65
Stop loss 21.86
Riding on the China Wave I recently took a small position in this company after having missed a good entry at 3.40 some months back.........
Read this article here
If you understand the Chinese food culture, you would then know that cooking oil is a necessary ingredient in many cuisines. What's not to like, it has a reputable brand name that many households are using (another sticky point that I like).
4.37 is a relatively strong support and yesterday plunge was a good entry for those who are keen to consider going
ThaiBev (Attitude is everything)View On ThaiBev
We are seeing potential massive unloading near 0.62-0.65 region and we may see BIGger drop soon.
So, it is better not to buy in at all at this moment.
As long as the price do not overtake $0.655, we will not turn bullish again. It is the make (or) break region.
It can go to 0.55 or even $0.525 region.
DYODD, all the best and read the disclaimer too.
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Fraser Centerpoint Trust - Poised For RecoveryFCT management has done a excellent job for potential growth recovery.
instead of following the routes of most reits chasing data centers which they may face issues such as
- lack of experience operating them
- acquisition route might be too costly in short term basis / may need to upgrade components
- profitability may be affected in long term if there is a over supply of data centers
They have widen the net to cover SG and increase its monopoly / market share.
Pros to note
- largest suburban
Ascendas Reit - the time finally looks ripeAscendas Reit was stuck in a range between 3.19-3.28 for the past 4 weeks with RSI dipping below 50 (ie lack of strength). Today RSI finally began to move above 50 with the formation of a very bullish candle that started at the bottom of the range to the top all in one day.
Long @ 3.29-3.30 (as it breaks above the top of the range) with initial stop a few ticks below the range @ 3.17. Looking to scale out partial @ 3.48 and eventually @ 3.65 (trail stops up as trade goes our way).
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