Wednesday, December 30, 2015


Guocoland - 30th Dec 2015

Guocoland seems to have tested several occasion at $1.785 and bounce off to close higher.
Similar action was again happened today as reflected from the chart below.
From TA point of view it seems to be hitting the bottom price or support level at $1.785.

MACD indicator are slowly edging up closer toward 0 and RSI indicator is also hovering slightly above 30% which may likely see a rebounce happening soon.
Look for the immediate sign to see if it is able to cross over $1.86 with ease that may provide further indication to confirm whether is it able to drive the share price higher.
Short term target price of $1.96 may be possible if is able to breakout $1.86 convincingly.

NAV is about $3.03. Yearly dividend of 5 cents per share(2.77%).
One of the company director recently just bought some 100,000 shares at $1.825.
(trade/invest base on your own decision)

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