In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we delve into CapitaLand China Trust (CLCT) (SGX: AU8U), whose stock is showing signs of continuing to the upside after recent price action indicates a strong signal of bottoming out.
Key highlights from the technical report:
CapitaLand China Trust
Market Position: CLCT is currently considered a ‘technical buy’. It has broken out of its consolidative range and further broken above the 1.5-year downtrend line with a strong spike in volume.
Entry Prices and Support Levels: Recommended entry points are at S$0.705, S$0.670, and S$0.650, with established support levels at S$0.675 and S$0.620.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.610. Identified resistance levels are at S$0.730 and S$0.830.
Target Prices: Set at S$0.760, S$0.810, S$0.880, and S$0.890.
Company Overview: CLCT is Singapore’s largest China-focused real estate investment trust (REIT), with the objective of investing in a diversified portfolio of income-producing real estate in China, Hong Kong SAR and Macau. These properties are primarily used for retail, office, and industrial purposes, including business parks, logistics facilities, data centers, and integrated developments.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock’s momentum.
Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.
Please refer to the attached report for the disclaimer.
