Thursday, June 9, 2011

Hutchison Port Holdings Trust: 86c.

Hutchison Port Holdings Trust (HPH) saw its unit price sinking lower today to close at 86c per unit. This is almost 15% lower than its IPO price of US$1.01 per unit not too long ago.


Just like what I did with Sabana REIT when it was newly listed, I used Fibo lines to estimate where are the critical supports for HPH and 86c is where we find the 161.8% Fibo line.


If 86c breaks, we could see