Focus On CapitaLand China Trust: Signs Of A Bottom Rebound
This article focuses on the technical performance of CapitaLand China Trust. The recent stock price action shows a strong signal of bottoming out and is worth investors' attention.
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.
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