Buying the CapitaLandInvest dip Explained

Good day traders!

We're looking at a potential buy setup for $CapitaLandInvest (9CI.SG)$

And here is why:

1.) The price has been in a descending trend on the daily chart since the beginning of April 2022 to date.

2.) The price is about to test a key support area at 3.30, where it has rejected multiple times since 2021.

3.) There may be some opportunities for a buy entry at the 3.19 level, which corresponds to the -61.8% Fibonacci expansion.

4.) The Ascott Limited recently unveiled Citadines Brand Refresh To Prepare For Next Phase Of Accelerated Growth For Its Aparthotel Brand in September. CapitaLand is also being lauded for its successful restructuring at the Singapore Business Awards 2022.

Does anyone have a similar bullish view?

Trade Entry recommendations:

Buy Entry: 3.19

Take Profit: 3.61

Stop Loss: 2.90

Other tickers to recommend:

For 5x Long Leverage: $CapInv 5xLongSG231115 (NXEW.SG)$

For 5x Short Leverage: $CapInv 5xShortSG231115 (REVW.SG)$