Deep Sea
OP
104508775
:
Wrong. The stock remains supported by big players. More than 7 million shares are absorbed by big player on Monday at 5pm closing time. Less floating shares in the market.
$CapLand Ascendas REIT (A17U.SG)$$AEM SGD (AWX.SG)$$CityDev (C09.SG)$$Venture (V03.SG)$ The US 10 year bond yield has dropped below 4.3% with the appointment of Scott Bessent as treasury secretary who is a moderate guy on tariffs. There might be another rate cut in December if the inflation continues to remain tame. It is positive for reits and stocks. Now is a good time to accumulate
Deep Sea
OP
104260287
:
This morning sell down fails to suppress the reit. It rebounds back 2.62 which shows the funds are supporting it. Will rise above 2.70 soon.
Deep Sea OP : 1.39 has formed a resistance.