Chart 1: TROP's daily chart as at Apr 10, 2015_9.15am (Source: ShareInvestor.com)
Trop's monthly chart shows that the stock is now testing a strong downtrend line, R2-R2 at RM1.10. It has a strong support from its gradual long-term uptrend line, SS at RM1.00.
Chart 2: TROP's monthly chart as at Apr 10, 2015_9.15am (Source: ShareInvestor.com)
Based only on technical consideration, Trop could be a potential trading BUY. For long-term investment, we need to look into its fundamental. Nonetheless, I believe the RM1.00 should be a strong support and possibly a good entry level to this stock.
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, TROP.
2 comments:
According to trop's NTA and RNAV, it's really cheap at current price. However, since it has high debt and property sentiment not so good, so it's hard to it to sell assets to reduce debt. And its high-end focus also not preferred by investors today who favor affordable housing.
I'd love to hear your comments on Trop's fundamental. Thank you and have a nice day.
Hi steve
Thanks for sharing. When time permits, I will look into Trop again.
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