Wednesday, February 17, 2016

Mapletree Com Trust: Are we seeing a breakout above 1.40 soon as mentioned?

Now at 1.405, let’s see, seeking out more confirmation...

Sent: Tuesday, 16 February, 2016 11:45 AM
Subject: ***************** Mapletree Com Trust: Potential breakout above 1.40, price 1.385, triple bottom spotted, more confirmation required...
Mapletree Commercial Trust has been trading below the 1.40 psychological support since July last year and finally, it has neared this KEY RESISTANCE again. Have seemed to find a support base around the 1.25 level which has been holding pretty well for more than 6 months. Any further breakout above 1.40 can open the way to 1.48 then 1.55. Current levels also coincides with the 200 day MA line where any upwards move can point towards a trend reversal in the long term. 20 day has just crossed above 100 day MA with both reversing upwards which is a good short term sign. Let’s see, in watch list, entry can be triggered on a breakout.

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