Singapore Stocks - My Stocks Investing

City Development: Triple Tops Formation?

Post author:Marubozu
Post published:April 5, 2012

A potential Triple Tops chart pattern is observed on City Development Daily chart. Neckline is at about $10.77. Price target for this breakdown is about $10.12. Triple Tops is a Reversal Chart Pattern. Weekly candles are showing Bearish Engulfing pattern after rejected at 50% FR, 2W EMA is crossing down 5W EMA. Both daily and weekly charts are showing bearish signal. Looks like a potential stock to short next week!

Caution: XD on April 30, 2012.

Fortune REIT: Undervalue REIT for Dividend Investing

Post author:Marubozu
Post published:March 22, 2012

Fortune REIT (HK$)

Last Done Price: $4.11
NAV: $7.8325
Price / NAV: 0.5247
Dividend Yield: 6.38%
Gearing Ratio: 18.8%

Summary: Undervalue, good distribution yield and strong balance sheet.

Properties Portfolio
Trust Structure
Distribution History
Presentation Slides
Weekly Chart – Currently Fortune REIT is facing a tough resistance at about $4.13 (50% FR). An Ascending Triangle has been formed and the price target is about $5.50 if Fortune REIT can clear the $4.13 resistance.

Comparison Tables with other REITs in Singapore.

Genting SP: Watch for a Breakout!

Post author:Marubozu
Post published:March 21, 2012

Genting SP is currently forming a Symmetrical Triangle on both weekly and daily chart. Watch out the breakout at about $1.70. Target price for this breakout is about $1.86 which is also the 161.8% FR.