In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.
In this article, we focus on City Developments Ltd (SGX: C09) and CapitaLand Ascendas REIT (SGX: A17U). City Developments has been on a strong bearish trend for the past six years and rebounds has been limited. Meanwhile, CapitaLand Ascendas REIT’s price action shows strong exhaustion of the bull and could see a stronger correction.
Here is a look at some of the key highlights of the technical report.
City Developments Ltd
- Market Position: Indicated as a ‘Technical Sell’ with a last price of S$6.17.
- Entry Prices and Support Levels: Entry prices are S$6.17, S$6.31, and S$6.56, with support levels at S$6.09 and S$5.95.
- Stop Loss and Resistance Levels: A stop loss is set at S$6.81, with resistance levels at S$6.31 and S$6.79.
- Target Prices: Target prices are S$5.80, S$5.49, and S$4.70.
- Company Overview: City Developments Limited provides real estate services, including renting, buying, and selling residential, commercial, and hospitality properties, as well as consulting services.
For a more detailed analysis, click on the link to access the report.
CapitaLand Ascendas REIT
- Market Position: Positioned as a ‘Technical Sell’.
- Entry Prices and Support Levels: Entry prices are S$2.89, S$2.95, and S$3.00, with support levels at S$2.86 and S$2.74.
- Stop Loss and Resistance Levels: A stop loss is suggested at S$3.05, with resistance levels at S$3.03 and S$3.18.
- Target Prices: Target prices are S$2.74, S$2.63, and S$2.46.
- Company Overview: CapitaLand Ascendas REIT invests in industrial real estate, including business and science park properties, integrated development amenities, retail properties, high-specifications industrial properties, data centers, light industrial, flatted factories, and logistics and distribution centers.
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.
Disclaimer in the report attached
