Apr 8, 2019

Cory Diary : Mapletree NAC Tr - Plan

This is one stock that I seldom blog about. One main reason is being selfish. I aren't saint and not that good either, ok. I need to plan my buys. Actually I have average up this twice resulting it becomes one of my 15% profit stocks. Much earlier if we based on initial amount.

As it reach another high today I thought it maybe good to plan my exits. So I do a chart on it today. Do remember I aren't expert in all this including stock selection. Is just my diary of my thoughts.

2019-0408 Mapletree NAC Tr

If you have notice, there is a major sell down by "funds" on 3/15 (Long red volume bar) with MACD cutover the previous day. Seems like there is concerted effort. However the stock continues to climb supported by the gradient support line hitting 1.35 today.

The reason it continues to climb I feel is the strong yield from this reit. The mall in HK is strong. As the business is generating positive DPU sell down is tough and unlikely. Further there is Fed helps. For my personal estimate using Fibo ext., the first sell signal will be 1.4 range. This is undemanding and could achieve with 5.5% yield. The next level will be 1.6 range which is harder to hit short term.


1 comment:

  1. Thanks for sharing your views on the stock. Very insightful.