Stock with Momentum: Frasers Centrepoint Trust

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we examine Frasers Centrepoint Trust (FCT) (SGX: J69U), whose price action has shown a larger degree of corrective downside.

Key highlights from the technical report:

Frasers Centrepoint Trust

Market Position: FCT is designated as a ‘technical sell’ as it has shown signs of topping out after reaching a high in September at S$2.43, and the stock has shown strong bearish pressure.

Entry Prices and Support Levels: Recommended entry points are at S$2.27, S$2.32, and S$2.40, with established support levels at S$2.11 and S$1.90.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.45. Identified resistance levels are at S$2.31 and S$2.43.

Target Prices: Set at S$2.12, S$2.06, S$2.00, and S$1.90.

Company Overview: FCT is a retail real estate investment trust (REIT) with a property portfolio comprises nine retail malls and an office building located in the suburban regions of Singapore, with a strong focus on providing necessity spending, food & beverage and essential services.

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.