Frasers Centrepoint Trust: Rebounding at a Deep Support Level
CGS International Research Report | April 10, 2025
Frasers Centrepoint Trust (FCT) has seen a significant rebound after reaching a deep retracement level support, according to the latest research report from CGS International. The report provides a detailed technical analysis and investment recommendation for this Singapore-based retail REIT.
Technical Snapshot: Bullish Signals Abound
The report highlights several bullish technical indicators for FCT:
FCT has reached the first target price of S$2.26 based on the previous report dated March 12, 2025.
Despite a deep correction, the price action shows strong buying pressure, prompting the analysts to add to their buy position on the stock.
FCT saw two strong bullish hammer candlestick closings above the S$2.07 support level, which represents the 61.8% Fibonacci retracement.
The stock has rebounded above the Ichimoku cloud and the upward sloping channel support.
The MACD histogram is positive, with the MACD/signal line crossing over at the bottom.
The stochastic oscillator is rising, and the 23-period ROC remains elevated above the zero line.
Trading volume is showing healthy expansion.
Investment Thesis: Riding the Rebound
Based on the technical analysis, the CGS International research team is recommending a “Technical Buy” on Frasers Centrepoint Trust with the following entry prices and targets:
Entry Prices: S$2.08, S$2.00, S$1.98
Stop Loss: S$1.92
Target Prices: S$2.26, S$2.40, S$2.53, S$2.70
The analysts believe that FCT has reached a deep retracement level support and is now poised for a rebound, presenting an attractive opportunity for investors to capitalize on the upside potential.
Company Overview: Frasers Centrepoint Trust
Frasers Centrepoint Trust is a Singapore-domiciled retail real estate investment trust that invests in income-producing properties used primarily for retail purposes in Singapore and overseas. The trust’s portfolio includes well-known shopping malls such as Causeway Point, Northpoint City, and Changi City Point.
Overall, the CGS International research report provides a comprehensive technical analysis and investment recommendation for Frasers Centrepoint Trust, highlighting the stock’s potential for a strong rebound from its current levels.
