Trade of The Day – Technical Pulse: Mapletree Pan Asia Commercial Trust January 5, 2023 319

Mapletree Pan Asia Commercial Trust (SGX: N2IU)

(Current Price: S$1.68) – TECHNICAL BUY

Buy price: $1.68     Stop loss: S$1.64     Take profit: S$1.78 



The price broke out of a bullish cup & handle formation after breaking out of a downtrend channel previously, which provides a bullish signal. The Moving Average Convergence Divergence (MACD) technical indicator also registered a bullish crossover recently, with momentum increasing currently. We are likely to see follow through of the bullish momentum to retest the horizontal neckline resistance at S$1.78.

Expected timeline of the trade is 1-2 weeks from the date of report issuance.


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About the author

Profile photo of Zane Aw

Zane Aw
Technical Analyst

I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).

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