CDL H-Trust: UOB Kay Hian has a Technical BUY Call with potential 12.5% return with a TP of $2.11. The stock has broken the prior resistance at S$1.86 and is likely to trend higher. Its
moving averages have also formed a golden cross in recent trading sessions (its 50-day with its 200-day EMA).
The daily Stochastics indicator has hooked up earlier, suggesting prices are likely to rise further. The alternative exit for this long position will be if the stock falls and close below $1.79. House institutional research has a fundamental HOLD with TP of $1.85.
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