|Last Price ||Avg Target Price || Upside/Downside ||Price Call |
|1.785 ||1.93 || +0.145 (8.12%) || |
|* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.|
|** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).|
|Date ||Open Price ||Target Price ||Upside/Downside ||Price Call ||Source ||News |
|23/10/2014 ||1.805 ||1.90 ||+0.095 (5.26%) ||BUY ||OCBC || |
|23/10/2014 ||1.805 ||1.89 ||+0.085 (4.71%) ||HOLD ||CIMB || |
|10/10/2014 ||1.79 ||1.96 ||+0.17 (9.50%) ||HOLD ||OCBC || |
|23/07/2014 ||1.855 ||1.96 ||+0.105 (5.66%) ||BUY ||OCBC || |
|23/07/2014 ||1.855 ||1.89 ||+0.035 (1.89%) ||HOLD ||CIMB || |
Be the first to like this. steve84 Let's start comment here!
TomYam Suntec REIT – Will It End The Strong Rebound?
From the weekly chart, we can clearly see that Suntec REIT has been in a downtrend over the past two month.
Generally, it is relatively safe to sit on the short side. For the past two weeks, Suntec REIT rebounded strongly without any deep pullback. It will be relatively safe to short on rebound when bulls used up their energy.
Despite Suntec REIT went up yesterday, it was not able to hold at high end when the market closed. This indicates that sellers may start to control this stock for the next few days. One may consider shorting if it rebounds to around 50 percent Fibonacci retracement level.
steve84 TomYam- nice comment! Thanks
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