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Singapore Stocks CWT Ltd Undervalued

Shayne Heffernan takes a look at Singapore listed CWT

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

CWT LIMITED gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.

CWT LIMITED is currently 13.8% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term.

Our volume indicators reflect volume flowing into and out of CWTD.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on CWTD.SI and have had this outlook for the last 8 period, this should present some buying opportunities in the 1.30s range.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 candles–this makes the current rising window even more bullish.

CWT Limited (CWT) is engaged in the provision of warehousing and logistics services, transportation services, import and export cargo consolidation and freight forwarding services, engineering services, commodities marketing and supply chain management, container depot operations, building and construction services and investment holding.

It operates in three segments: logistics services, engineering services, and commodity marketing and supply chain management. In August 2012, it established CWT Commodities (Australia) Pty Ltd. In January 2013, the Company divested its 49% interest in Tamadam CWT Sdn. Bhd. to Brahim’s Holdings Berhad. In January 2013, it established CWT Mocambique, LDA in Mozambique. In march 2013, CWT Europe B.V. increased its shareholding interest in CWT Commodities (Amsterdam) B.V. to 100% by acquiring the remaining 25% interest.