Straits Asia Resources has been climbing up steadily since the breakout from the Falling Wedge.
The current uptrend is still intact with the uptrend support at $2.20 (which is also a 50D MA support). SAR has moved above 20D MA, 50D MA and 200D MA.
CapitaMall is closing in 3 years high although it is still trading in the up trend channel. Rolling PE is 51.76 and distribution yield is 4.42%. Base on these numbers, this Capita Mall Trust is overvalue and near 3 years high. Do your own math to calculate what is the upside potential vs downside risk, and decide whether you want to hold on or take profit. You may want to look at the distribution yield and compare with other similar trust or REITs…. There are other better choices out there…..
Tiger Airways has shown a Double Tops chart pattern and just broke the neckline at $1.88. TigerAir can go down to $1.64 if the breakdown is successful. Current PE of 35.3 shows clearly the stock is over value. IPO euphoria is over!
