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Thursday, April 16, 2020

Frasers Property

TA wise, looks rather bullish!
It has bounce-off from the double bottom chart patterns and managed to cleared the resistance at $1.21 to close higher at $1.24.


NAV $2.582.
PE of 7.4x.
Dividend of 6 cents.


Short term wise,I think it may likely move up to $1.30.
Breaking out of $1.30 plus good volume that may likely drive the price higher towards $1.40 level.


Not a call to buy or sell.
Pls dyodd.

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