C09 trade ideas
Buying on the dips projected 3% return City DevJust bought Singapore airlines at 8.92. No more money to enter this stock.
For those who still have capital. This is a good stock.
05/09/19. Enter $9.42
Sell when $9.7
About 3% return.
CityDev - breakeven gap (bullish for mid term)CityDev had formed a mini double bottom, broke above 8.85 and moved nicely to 9.55 before pulling back to re-test around the breakup level, hitting a low point at 8.64. it then make a sluggish sideway move for 3 weeks before opening with a gap today. The odds have increased that it will break the immediate resistence at 9.56 soon and will look to scale out of positions at the various fib levels (38%, 50% etc)
City Development SG Stock (It can fall further first)City Development
The smart money must have been dumping these stocks to unsuspecting value investors and technical "trend" traders in the late 2017 and early 2018.
With the latest property curbing news, it had a very big gap down.
I will advise you not to go and buy in as it will be similar to catching falling knives.
It is not a good idea to BUY now.
I see some potential support near $8.80 instead, let wait patiently for the drops to stabilize first and let the price action to show as well.
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Sonic
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