SGX:ME8U
Basically, ME8U is trending in an uptrend and made a new breakout from weekly chart. Besides, the price action is well supported with big volume.
Here are some ideas or thoughts of this stock :
a) Clearly, Fed has mentioned that there is no increase in the interest rate and would cut it three times in 2024. However, please do pay attention to the...
Weekly descending wedge - If it breaks out of the descending wedge, we can see a strong push to the upside.
MapleTree Industrial Trust (MIT) owns data centre assets in North America and Singapore. Data centres have been gaining prominence and MIT has been pursuing more growth by leveraging on acquisition of data centres.
The total addressable market size of...
Even this stock gives a good dividend yield right now, it looks like it is overvalued for the past.
Bookvalue grow way slower than the stock price ... looks like a corona hype development, which may tend to a crash.
I stay away from it right now and make no deeper investigation right now here.
Updated View on Mapletree Ind TR (23 Oct2020)
We are seeing some failed bullish attempts last week, it can be a nice sign to say, that the bulls are exhausted.
So, we expected some sort of pull back. It could go to $2.9-$3 region first.
No hurry to buy in at the moment.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" ...
The uptrend of ME8U is impressive since 2011.
Price is expected to trade between $3.04 and $3.34 in the ST
A break upside of $3.34 will resume its uptrend.
Pivot : $3.19
A break of $3.19 will lead to ST weakness to to test $3.04
A break of $3.04 will see a MT correction to $2.17
More Data Centers = More Resistance during COVID
including recent entry by institutional investors / funds such as BLACKROCK
Base on Fib Retrenchment once we pass the 0.61 Fib more upside on the way.
Stock on a overall down trend but now moving sideways. Earnings to be announced on 27 Apr and earnings expected to be lower than expected. Actual move depends on actual result announced. If results better than expected, price potentially going upward towards resistance line @ 2.50. If earnings even lower than expected low, then potential to go support line @ 2.38.
Odds are good that the breakup will be on the horizontal side of the wedge (at 2.49). I am looking to accumulate within this narrow end of the wedge (between 2.35 - 2.45). With a stop just below at 2.34 and if it does break up, I will be looking to take some initial profits at 2.59 (61% fib retracement of the recent plunge) and with trailing stop to hopefully...
