$CityDev (C09.SG)$ think this one won't have much TA logic f...
$CityDev (C09.SG)$think this one won't have much TA logic for now. just got to keep it and wait one day suddenly the interest comes in and we will see this one fly up. this should be explosive just that not sure when the interest want to suddenly come.
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Deep Sea
:
As long as interest rate continues to drop, city dev will have chance to rise high next year with drop in refinance costs. The company intends to sell some existing properties to recycle capital which will add some positivity to the stock when the time comes.
TWIMO (151403908)
524773
OP
:
It isn’t an opportunity for you at this point. Dividend isn’t attractive either. One would average up instead of down unless you’re a whale looking to become major shareholder.
Deep Sea
TWIMO (151403908)
:
If you look at JMH when it drops from 48 to 32 this year, u will know averaging down is the correct way to earn big profit when the stock rebounds back to 46++ now.
TWIMO (151403908)
:
Retail investors do not know if the price would go up or down. merely best guess. I would rather wait for break out indicator for certainty then load up at 34 back to the current price and take profits...
TWIMO (151403908)
Deep Sea
:
It hasn't broken above 200 days moving average(MA) since Q1 2023... Not too late to accumulate once price break out above 200MA... In the meantime seek sorry term dividend paying stocks...
TWIMO (151403908) : 2009 was the last time the price was this low. What’s up with their strategy?
524773 OP TWIMO (151403908) : this is opportunity to load up at dirt cheap prices or a chance to get lock up capital here haha
Deep Sea : As long as interest rate continues to drop, city dev will have chance to rise high next year with drop in refinance costs. The company intends to sell some existing properties to recycle capital which will add some positivity to the stock when the time comes.
TWIMO (151403908) 524773 OP : It isn’t an opportunity for you at this point. Dividend isn’t attractive either. One would average up instead of down unless you’re a whale looking to become major shareholder.
Deep Sea TWIMO (151403908) : If you look at JMH when it drops from 48 to 32 this year, u will know averaging down is the correct way to earn big profit when the stock rebounds back to 46++ now.
Deep Sea TWIMO (151403908) : The same strategy should apply to City Dev too when the stock is at all time low. Property stock is cyclical in nature.
TWIMO (151403908) : Retail investors do not know if the price would go up or down. merely best guess. I would rather wait for break out indicator for certainty then load up at 34 back to the current price and take profits...
TWIMO (151403908) Deep Sea : It hasn't broken above 200 days moving average(MA) since Q1 2023... Not too late to accumulate once price break out above 200MA... In the meantime seek sorry term dividend paying stocks...
Ellena Lim : When can go up then?
TWIMO (151403908) Ellena Lim : Once the price moves above the grey 200 Moving Average line…
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