This article focuses on the technical performance of CapitaLand China Trust (“CLCT”). The recent price action shows a strong signal of bottoming out, which is worth investors' attention.

CapitaLand China Trust

Market Positioning: CLCT is currently considered a Technical Buy. The stock has broken out of its consolidation range and has broken out of its 1.5-year downtrend line on sharply higher volume.

Entry and Support Levels: Suggested entry levels are S$0.705, S$0.670 and S$0.650, while support levels have been established at S$0.675 and S$0.620.

Stop Loss and Resistance: In order to protect the investment, it is recommended to establish a Stop Loss at S$0.610. Resistance levels are marked at S$0.730 and S$0.830.

Target Price: Target price is set at S$0.760, S$0.810, S$0.880 and S$0.890.

Company Overview: CLCT is Singapore's largest China-focused real estate investment trust (REIT) with an investment objective to hold a range of income-producing real estate properties in China, Hong Kong SAR and Macau. These properties are primarily for retail, office and industrial uses, including business parks, logistics facilities, data centers and mixed-use developments.