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Mapletree Greater China Commercial Trust: Will It Have A Strong Rebound?
Trend Spotting | 11 October 2013
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By: Robin Han
Articles (102) Profile

Mapletree Greater China Commercial Trust (MapletreeGCC) has been going down for the past three weeks. Now it is sitting above the important support level at around $0.865. Stochastic oscillator indicates that this stock is quite oversold and may have a rebound. In addition, it can be seen that the stock was fast when climbing up but slow in going down. It also can be seen that the sell down volume was low. All these signals indicate that it is reasonable to expect MapletreeGCC to have a nice rebound in the next few days.

From the fundamental perspective, the recent financial statement showed that the company is stable in cash flow and management. Considering that China reported stabilised economic data recently, it may be in favor of MapletreeGCC. Besides, the next quarterly report for MapletreeGCC is likely to be released end of October and the price is not likely to be affected by the release of report in the next one to two weeks. One may consider buying on breakout of the resistance and expect it to have a strong rebound.

From the weekly chart, this stock is in a downtrend, so this trade is more for catching a rebound only.

Daily Chart Of Mapletree Greater China Commercial Trust

Robin Han is a Ph.D in Department of Chemical and Biomolecular Engineering and has got a solid foundation in the financial markets.

Please click here for more information about this author.

Mapletree North Asia Commercial Trust  1.240 -0.010 -0.80%   
Business: Real estate investment trust focused on commercial assets (comprising retail & office) in HK & China.

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