Technical Pulse: Mapletree Logistic Trust July 6, 2021 411


Mapletree Logistic Trust (SGX: M44U) upside is making a return after recent technical indicate potential further upside:


  1. Mapletree Logistic Trust has broken above the downtrend line and has been staying above it by making a new high.
  2. The larger inverted head and shoulder has been confirmed after prices breaks above $2.02-$2.04 neckline resistance turned support.
  3. The bullish candle on Monday has close and rebounded from the neckline resistance turned support. Which also confluence with 61.8% Fibonacci retracement level of $2.20-$1.77.




*Timeline of the trade is 12 weeks from the date issued.



Moving Averages

Red dotted line = 200 Periods MA

Blue dotted line = 50 periods MA

Green dotted line = 22 periods MA

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