In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.
In this article, we’re spotlighting CapitaLand Ascott Trust (SGX: HMN), whose stock is showing early signs of bullish breakout.
Below are some key highlights from the technical report:
- Market Position: CapitaLand Ascott Trust is designated as a ‘Technical Buy’ at the last price of S$0.935.
- Entry Prices and Support Levels: Suggested entry prices are S$0.935, S$0.900 and S$0.870, with key supports at S$0.870 and S$0.840.
- Stop Loss and Resistance Levels: A stop loss is advised at S$0.048, with resistance points at S$0.960 and S$1.01.
- Target Prices: The analysis sets target prices at S$1.00, S$1.05, S$1.07, and S$1.15.
- Company Overview: CapitaLand Ascott Trust primarily invests in income-producing real estate such as serviced residences, hotels, rental housing properties, and other hospitality assets.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock momentum
Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.
Please refer to the attached report for the disclaimer.
