Stock with Momentum: CapitaLand Ascendas REIT

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we examine CapitaLand Ascendas REIT (SGX: A17U), whose price action has exhibited a more significant corrective structure.

Key highlights from the technical report:

CapitaLand Ascendas REIT

Market Position: CapitaLand Ascendas REIT is designated as a ‘technical sell’ because the stock has broken below the support-turned-resistance level at S$2.89, confirming the bearish reversal pattern.

Entry Prices and Support Levels: Recommended entry points are at S$2.78, S$2.88, and S$2.94, with established support levels at S$2.73 and S$2.56.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$3.02. Identified resistance levels are at S$2.89 and S$2.99.

Target Prices: Set at S$2.62, S$2.53, S$2.35, and S$2.30.

Company Overview: CapitaLand Ascendas REIT is an industrial REIT that invests in business and science park properties, integrated development, amenities, and retail (IDAR) properties, high-specification industrial properties and data centers, light industrial and flatted factories, and logistics and distribution centers.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock’s momentum.

Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.