CapitaLand Commercial Trust (Yrly Div: 5.52%)

CapitaLand Commercial Trust (Yrly Div: 5.52%)

Immediate Support: $1.58 (14 dma & 50 dma)
Resistance: $1.64
Next Resistance: $1.79

Moving Averages: 50 days & 200 days moving averages uptrend.
Channel: Uptrend price channel

Comments: Stock came off from low, from around $1.29 to current $1.60. Change of trend can be seen from the 3 moving averages. Generally, can make use of price channel as a good guide on entry, exit point, and stock trend. Currently, looks like stock is trading closer to the higher end. Do lookout for entry opportunity on pullback,with price closer to the lower channel for trading.


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