CapitaComm TA

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My CapitaComm TA view

NAV: 1.6865
PE: 10.95
Total issued paid up shares: 2,876,746,000
Mkt Price: 1.47 
Distribution Yield: 5.412%

The Rounding Bottom is a long-term reversal pattern that is best suited for weekly charts. It represents a long consolidation period that turns a bearish bias to a bullish bias. Price action broke 100dma(1.45)  and the neckline resistance today. Resistance turn support now at 1.47. If price action closes at 1.47 or higher today, a possible target will be at 1.53 next. To each his own.

CapitaComm is Singapore's first listed commercial real estate investment trust (REIT) investing in quality income-producing properties predominantly used for commercial purposes. Listed on Singapore Exchange Securities Trading Limited (SGX-ST) on 11 May 2004, CCT was created through a distribution in specie by CapitaLand Limited (CapitaLand) to its shareholders.
The Trust is managed by CapitaCommercial Trust Management Limited (CCTML, or the Manager), an indirect wholly-owned subsidiary of CapitaLand.

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