Mapletree Logistic Trust (SGX: M44U) rally has paused since it failed to break the immediate resistance at $2.08. However, recent technicals suggest that the stock is attempting to rebound and continue the rally.
*Timeline of the trade should be between 1-3 weeks from the date issued.
*Should the support zone at $1.85-$1.86 invalidated, the next support that the Mapletree will be testing is at $1.60
Red dotted line = 200 periods Moving average
Blue dotted line = 50 periods Moving average
Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!Featuring regular TA posts and requests to analyse specific stocks