30 May '11, 10am

Mapletree Industrial Finds Bottom; May Contest $1.20 High Since IPO: Mapletree Industrial Trust has found its fo...

Mapletree Industrial Finds Bottom; May Contest $1.20 High Since IPO: Mapletree Industrial Trust has found its fo...

Mapletree Industrial Trust has found its footing after what may be a bullish reversal at $1.11. At this level, it is also above its key moving averages although there is not enough data to show its 200-day moving average. So what does the future hold for this counter? At this moment, price has stopped at 1.16 (green zone). This is a level where price closed on its first trading day back in October last year. We have not seen trading above this level ever since. Early bulls might therefore feel compelled to take profit and head for exits. If this level could be overtaken however, strong bulls might go on to challenge the all-time high at $1.20. View Full-sized Image Cup and handle for Mapletree Industrial?

Full article: http://www.sharesinv.com/articles/2011/05/29/mapletree-in...

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