GuocoLand: Trading in a Wedge
GuocoLand is trading within a Wedge or symmetrial triangle.
- Wedge Resistance at about $2.25
- Wedge Support at about $2.10 (also 78.6% Fibonacci Retracement Support)
GuocoLand is trading within a Wedge or symmetrial triangle.
City Development (CityDev) is trading in an Uptrend Channel but closing in the 2 years high at $13.68. Current PE of 20 will make the breaking of the resistance difficult.
Broadway is currently trading within a Rising Wedge and seems that Broadway stock price rebounds after hitting the wedge support. Next immediate support is between $1.03 to $1.05 which are the 200D MA support and 78.6% Fibonacci Retracement Support. Broadway current PE is about 7.3.