Following up from previous call, CapitaCom Trust has traded from 1.60 to 1.65 for about 3 weeks before some attempt to clear the 1.65 resistance today… More upside can be possible further on this breakout with target to 1.70 then 1.80.
Raise stop loss to 1.63 to protect your profits.
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Sent: Wednesday, April 30, 2014 9:19 AM
Subject: ****************** CapitaComm Trust: Rebounding back up on previous retracement ? (BUY)
Subject: ****************** CapitaComm Trust: Rebounding back up on previous retracement ? (BUY)
Following up from Previous BUY call: http://singaporetradinginsights.blogspot.sg/2014/04/capitacomm-trust-beginning-of-upside.html
CapitaComm Trust has indeed traded to a high of 1.64 last week before some profit taking. Currently supported above the 1.57 level which was initially resistance….. Likely to retrace back upwards if the 1.60 resistance clears out again. Target to 1.64 then 1.70 in the near term. Can try to accumulate from 1.58 to 1.595 for more upside. Rebounded from the SHORT term 20 day MA line where support still holds.
Stop loss at 1.56.
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