CapitaLand Investment's share price may rebound to S$2.68, a swing high resistance level formed at the beginning of January 2025, Phillip Securities Research's Zane Aw says in a commentary.
The share price on Monday broke out of a downtrend channel within which it had been trading since November 2024, the analyst notes.
Also, the current Bollinger bands' squeeze suggests underlying market is undergoing a low-volatility period, which is typically followed by a high-volatility period, the analyst says.
This gives a potential signal for the share price to revert to a bullish trend. Moreover, the moving average convergence divergence indicator supports the bullish view, with increasing momentum, the analyst adds. Shares are 0.8% lower at S$2.52.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。