PropNex (SGX:OYY) + 87.30% gain. Hitting wall at 1.20. Uptrend still intact.

I have been riding PropNex's (SGX:OYY) trend since October 2020. My entry price was 0.635 back then. As mentioned in the previous post, there would be resistance around 1.00. The price retraced and ranged in the region for close to a month before breaking out at high volume above 1.00 in mid April. The uptrend continued until now where it is hitting another wall - the 1.20 resistance. The resistance at 1.20 looks strong and so far there is not much success in breaking through. However, the general trend is still up. I believe with the persistence of low rates, the property and rental market in Singapore shall continue to remain vibrant. I am hoping PropNex will be added to my list of top gainers since inception of the quantitative trading system. Congrats to those who are still holding. Remember to please do your own due diligence and stay safe.

PropNex Limited provides real estate services in Singapore and internationally. It operates through five segments: Real Estate Agency Services, Real Estate Project Marketing Services, Administrative Support Services, Property Management Services, and Training Services.

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Disclaimer

The information is provided on a general basis for information purposes only, and is not to be relied on as investment, legal, tax or other advice as it does not take into account the investment objectives, financial situation or particular needs of any specific investor.

Investments based on the signals are subject to investment risks, including the possible loss of the principal amount invested. Share values and income therefrom may fall or rise. Past performance is not necessarily indicative of future performance. Advice should be sought from a financial adviser regarding its suitability before purchasing the shares. In the event that you choose not to seek advice from a financial adviser, you should perform your own due diligence to consider whether the investments are suitable for you.

The information herein, including any opinions or forecasts have been obtained from or is based on sources believed by me to be reliable, but I do not warrant the accuracy, adequacy or completeness of the same, and expressly disclaims liability for any errors or omissions. As such, any person acting upon or in reliance of these materials does so entirely at his or her own risk. Any projections or other forward-looking statements regarding future events or performance of countries, markets or companies are not necessarily indicative of, and may differ from, actual events or results. No warranty whatsoever is given and no liability whatsoever is accepted by me, for any loss, arising directly or indirectly, as a result of any action or omission made in reliance of any information, opinion or projection made in this presentation.

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PropNex (SGX:OYY) + 87.30% gain. Hitting wall at 1.20. Uptrend still intact.

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