Following up from previous email to clients, Mapletree Industrial Trust has indeed broken the 1.45 resistance level after a slight consolidation for 2 weeks. As mentioned earlier, target to 1.50 then 1.60 in the midterm. Can consider for more upside and strong yield, not for contra.
Raise stop loss to 1.435 now and continue to ride.
Sent: Thursday, April 24, 2014 11:42 AM
Subject: ******************** Mapletree Industrial Trust: Broken out of consolidation phase...... Accumulate on dips above support, now at 1.43
Subject: ******************** Mapletree Industrial Trust: Broken out of consolidation phase...... Accumulate on dips above support, now at 1.43
Mapletree Industrial Trust has broken the 1.41 resistance level last week and has manage to stay above it for the past few days hitting a high of 1.45. May consolidate from 1.41 to 1.45 before more gradual upside can be seen. A break above 1.45 now can see it go to 1.50 then 1.60 in the midterm. Have to hold to ride any midterm trend upwards. Have finally broken out of consolidation phase which began since June last year. More upside possible on this break.
Stop loss at 1.385
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