Mapletree Log

Since our previous post Mapletree Log has been sliding down and is currently below its 200ma. The support of 1.01 seems to be holding but we’ll be watching to see if it can break below. Many reits and trust are getting hit in the recent days, so lets see it this will continue its slide down to 97 cents.

Yours

Humbly

Most of the mapletree companies suffered some selling today. Mapletree industry and others had some downside.

Currently mapletree Log is at our trendline support of 1.05 and its below the 50ma too. We might see it come down to test the 200ma if the 1.05 support doesn’t hold.

Yours

Humbly