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My previous TA on CapitaComm here talks about a possible Rounding Bottom Reversal on its weekly chart.
My CapitaComm TA view
NAV: 1.6865
PE: 10.95
Total issued paid up shares: 2,876,746,000
Mkt Price: 1.495
Distribution Yield: 5.412%
Since my previous TA on CapitaComm, price has moved up from 1.47 to 1.49.
From the chart around late May, notice the 20dma crossing the 50dma downwards(Deadcross), which initiated the down trend.
Current uptrend looks very consistent.
Today we can see the 20dma crossing the 50dma upwards(Goldencross). A Golden crossover involves a security's short-term moving average (such as 20-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.
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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