$CityDev (C09.SG)$ The bands have narrowed and the stock pri...
The bands have narrowed and the stock price is likely to be stable. Range bound between 5.40 and 5.50. Nov rand Dec rate cut of 0.25% each should further propel the stock up. Patience is needed for the breakout. Traders will only make some profit from the range bound. Hold long term will get bigger profit.
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_MK_Watcher_ : Indeed, it has been testing lower low for the past three sessions, but seem able to hold it pretty well (no sharp retraction). Highly likely it will be 'bouncing between current levels for a while. We'll see.
DSWL74 : how come City Dev shares still dropping n will it rise up?