Sunday, October 6, 2013

Technical Analysis on Mapletree Logistics Trust





As you can see from the daily chart, this stock is trading sideway between 1.04 - 1.115. The weekly chart show a convergence in MACD histogram.

Thus, with its reporting date on 17 Oct 2013 coming, expect some action underway for this counter.  Estimated Dividend for this stock is 1.8c.

Entry point : 1.045
Profit target : 1.10
Stop loss: 1.035

Note: There is no fundamental play for this chart. Purely on TA analysis.

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