CapitaCom Trust (C61U.SI) is a potential entry using one of my favorite setups.
One of my favorite buy setups is the use the weekly chart together with slow Stochastics. When it makes a “hook” in the oversold zone, its time to consider entering, as it may be low enough. For higher probability, combine it with candlesticks reversal pattern.
Notes:
- The weekly candle is not complete as the week has not ended yet.
- Commercial office properties ran up on price in the last 6 months, and corrected substantially recently. Their dividend yield is not very high, but many analyst believe that their valuations will increase.
- The yield is 5.3% at the current price.
If you are not sure how to buy low using slow stochastics, please contact me.
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