More upside if the 1.305 and 1.31 sellers clear out, target to 1.40 then 1.54 as mentioned previously to clients. Raise stop loss to 1.28 now and continue to ride the positive trend.
Sent: Monday, May 05, 2014 12:02 PM
Subject: REPOST ****************** Mapletree Commercial Trust: Potential break above 1.30 resistance, average up on that ! REPOST
Subject: REPOST ****************** Mapletree Commercial Trust: Potential break above 1.30 resistance, average up on that ! REPOST
May still be a good counter to watch for any breakout above 1.30, have it on watchlist or can also accumulate on dips above 1.25 support for a potential breakout above 1.30. Target to 1.40 then 1.54 subsequently.
Sent: Thursday, April 24, 2014 11:50 AM
Subject: ****************** Mapletree Commercial Trust: Potential break above 1.30 resistance, average up on that !
Subject: ****************** Mapletree Commercial Trust: Potential break above 1.30 resistance, average up on that !
Mapletree Commercial Trust likely to test the resistance at 1.30 in the coming days. More upside to 1.40 then 1.54 can be possible if it manage to stay above this new resistance turned support at 1.30. A play on the strength of Industrial Reits currently. Look at the upside gap it can close after breaking out of consolidation. Has broken above the 200 day MA last month and pulling away from it on strength, could be a sign of a reversal to upward trend finally. Let’s see if 1.30 clears out !
Stop loss at 1.27.
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