Posts
See it for yourself and make your own judgement.Support/Resistance:
The chart has not shown any major movement in the last two weeks. The major support will be at $0.46 and the major resistance will be at $0.73. I think that there might be a big movement in the next two weeks.
Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators have little changes as compared to last two weeks. There is no clear buying or selling signal.
My Target Price:
I might be selling some lots at around $0.72.
Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.
4 comments:
I don't think we can seriously expect Cambridge to reach 72 cents. NAV is 60 cents and it's quite difficult to raise beyond that.
But we can enjoy 5 cents/year dividend !
Cambridge has sent unitholder for distribution reinvestment plan. What is this DRP?
Hi hayah77,
Instead of receiving the dividends in cash, you have another option to use the dividends to buy more shares at a discount price.
As for me, I prefer to take dividends in cash.
Regards
Freedom Achiever
I see, Thanks!
Post a Comment