After Mapletree Logistics earnings lukewarm earnings in Fiscal Q3, key level to note

$Mapletree Log Tr (M44U.SG)$ DPU Inches Up 1.2% in Fiscal Q3.

Investors are a bit disappointed.

But the price is still supported by a Fibonacci retracement 62% at $1.56.

After Mapletree Logistics earnings lukewarm earnings in Fiscal Q3, key level to note

Volume is however not too encouraging.

I would see that the price is still supported for now at $1.56. But if the price continues to fall with a higher volume, then the next level of support is around $1.45. Watch for volume!

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WinningTrader : Thanks. Will hold on first. Was very tempted to enter today after see no big "bad" news from the results.
Maybe investors are expecting too much?

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Binni Ong

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