Wheelock Properties was covered in Phillip Capital research report of being a potential candidate for privatisation and more can be read here.
With rumors of privatisation let’s look at the chart and see how we can play to this rumor .
Wing tai could be another privatisation counter. So do take a look at it too.
For wheelock Properties its horizontal resistance is at 1.895 and breaking above that might see it move higher to 1.935. 1.98 would be the swing high.
Some might say that the price is very high now so do ensure you got your proper stop loss in place. Managing your stop loss is of utmost importance.
A stop loss could be placed at 1.825. Remember trade management is key.