Shares & Derivatives
Hutchison Port Holdings Trust: 86c.
By A Singaporean Stockmarket Investor (ASSI)  •  June 9, 2011
Hutchison Port Holdings Trust (HPH) saw its unit price sinking lower today to close at 86c per unit. This is almost 15% lower than its IPO price of US$1.01 per unit not too long ago.
Just like what I did with Sabana REIT when it was newly listed, I used Fibo lines to estimate where are the critical supports for HPH and 86c is where we find the 161.8% Fibo line.
If 86c breaks, we could see price hitting 81c as the next strong support using the high of US$1.02 as 0%.,,...
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By A Singaporean Stockmarket Investor (ASSI)
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