Another index stock that ranks among the worst performers, Mapletree Industrial Trust (MINT) is in a base formation. Its 50-, 100- and 200-day moving averages are not as positively placed as CLI’s were on Jan 2. However, they are gradually strengthening. At its Jan 9 closing price of $2.09, MINT is at a potential breakout level. A clear move above $2.09 provides the impetus to swing to $2.23.
CapitaLand Investment (CLI) ranked among the top 11 worst performers in the Straits Times Index last year. However, the stock has made an auspicious start in the first full trading week of 2026 from purely a technical perspective. Prices broke out of a base formation at $2.72 on Jan 2, indicating an initial target of $2.91 which is almost at hand. CLI closed at $2.89 on Jan 9, a one-year high. The up-momentum remains intact and prices are likely to reach and breach $2.91. In 2022, before the interest rate hike cycle, prices traded at $3.83. Over the course of the next few months, CLI will probably trend progressively higher, punctuated by sharp retreats from time to time. The breakout level of $2.72 is the new support.
