ABC Pattern Analysis on Tuan Sing.
I’m imagining with his wealth in Fragrance and combined with GP Hotels, Mr Koh Wee Meng taking over Tuan Sing.
With the price 40% discount at its NAV, and Tuan Sing has Hotel Investments as well… is it coincident?
Do you think from FA & TA, Tuan Sing has a strong case to move up further?
For me it’s quite interesting to get the share at the current level.
The support level looks strong, and combined with ABC Pattern, the upside seems more than double its downside.
Notes:
Why there are big ABC then smaller ABCs?
Read about Elliot Wave theory.
However, I do not totally use the theory with complex numbering system.
I simplified it to ABC pattern only.
Additionally, I add the target calculation.
I use what works for me. You may agree, disagree, or agree to disagree…
