Stock with Momentum: Mapletree Pan Asia Commercial Trust

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 Mapletree Pan Asia Commercial Trust (MPACT) (SGX: N2IU) and explore its potential bullish rebound.

Key highlights from the technical report:

Mapletree Pan Asia Commercial Trust

Market Position: MPACT is considered a ‘Technical Buy’ after breaking out of a descending triangle pattern. It has also surpassed the accumulative range, signaling increased buying pressure.

Entry Prices and Support Levels: Recommended entry points for MPACT are at S$1.34, S$1.27, and S$1.22, with established support levels at S$1.27 and S$1.20.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$1.16. Identified resistance levels are at S$1.50 and S$1.60.

Target Prices: Set at S$1.56, S$1.64, S$1.71 and S$1.80.

Company Overview: MPACT is a real estate investment trust that diversifies its portfolio across income-producing real estate primarily used for office and/or retail purposes. Its key markets span Asia, including Singapore, Hong Kong, China, Japan and South Korea.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock 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.