Mapletree Logistics Trust (SGX: M44U) enjoyed an impressive rally since our report on 17th June. Falling short of our target price of $2.25, we are expecting a correction after the recent technicals:
*Timeline of the trade should be between 1-3 weeks from the date issued.
*Mapletree is still in a bullish uptrend as indicated by the 200 and 50-day moving average. The short call is to take advantage of the corrective action of the thrust.
Red dotted line = 200 periods Moving average
Blue dotted line = 50 periods Moving average