Finally, she is showing us a nice white soldier yesterday ,price gained 5 cents to close well at $1.16, looks rather positive!
The price has managed to claim back above its 20 days Moving Average,looks quite encouraging if it can overcome the hurdle at 50 days Moving Average!
A nice breakout of $1.20 coupled with high volume that may likely drive the price higher towards $1.26 and above.
Pls dyodd.
I think she has more or less found her support at $1.12 - $1.13.
Seem rather oversold and undervalued is appealing!
NAV $1.5+.
Yield is about 5.35%.
Gearing is below 35%. Strong sponsor, good manAgement.
I think we can only see this kind of price during bad time. When situation improve, I think she may rise bAck to normal trading range of $1.40-$1.55.
Not a call to buy or sell.
Pls dyodd.
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