Shares & Derivatives
The Curious Case of CapitaMall Trust
By CS Jacky - 360 Wealth Management  •  December 29, 2018
CapitaMall Trust (CMT), at a price of $2.29, is moving against the broad market trend. While the STI is fast approaching bear territory, CMT is near its 52-w high of $2.31, it is also near its highest price in the past 5.5 years. This has piqued my interest to look deeper. Interesting Price Movement Looking at CMT’s 4 year chart, the stock shows a rather distinct pattern of range-bound movement. On hindsight, one can attempt to enter CMT at the low range of this price channel at around $1.85-$1.95, and profit from its rise to a high range of around $2.15 to $2.20. This entails a profit margin of between 10% to 19% with a waiting period of between 1.5 mths to 8 mths. Opportunities of range trading for CMT in past 4 years. Source: poems chart live It seems that CMT is behaving like a swing trading stock, ideal...
Read the full article
By CS Jacky - 360 Wealth Management
MAS dual-licensed stock remisier and financial adviser with Phillip Securities. Graduated with a Bachelor of Business Administration (Finance) from NUS. Bought first stock at the age of 22 and had been regularly investing in stock market since 2010. Select strong companies with good prospect trading at low valuation using a unique blend of fundamental, portfolio and technical analysis. Also invest in REITs for regular dividends.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance