Buy the Base? Charting Mapletree Industrial Trust’s Year-End Floor

Kenny_Loh
12-21 21:22

$Mapletree Ind Tr(ME8U.SI)$

  • Current Price Action: The stock is trading at $2.04, successfully holding above the psychological $2.00 support level.

  • Trendline Health: It is currently testing an ascending trendline (the black diagonal line in your chart). A sustained close below $2.02 would be a cautionary signal, potentially invalidating the recovery trend started in mid-2025.

  • Resistance: Immediate overhead resistance is at $2.08, with a more significant barrier at $2.172.

  • Fundamental Context: Investors are weighing a recent 5.6% drop in DPU against the growth potential of new Tokyo data center acquisitions.

  • Direction: Sideway Consolidation until a breakout (either up or down).

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Comments

  • NEXTTOME
    12-22 17:12
    NEXTTOME
    [看涨] SGX's $2 support holding strong. Wait for breakout confirmation
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