Stock with Momentum: Lendlease Global Commercial REIT

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

In this article, we focus on Lendlease Global Commercial REIT (SGX: JYEU), which appears to be undergoing a strong bullish reversal and is likely to trend higher in the mid to long term.

Key highlights from the technical reports:

Lendlease Global Commercial REIT

Market Position: We have a ‘technical buy’ call on the REIT, as the stock has broken above the S$0.515 resistance-turned-support and the downtrend line from September 2024, with volume rising above the 20-period average, indicating renewed buying interest.

Entry Prices and Support Levels: Recommended entry points are at S$0.530, S$0.500, and S$0.490, with established support levels at S$0.515 and S$0.475.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.470. Identified resistance levels are at S$0.560 and S$0.620.

Target Prices: Set at S$0.580, S$0.620, S$0.680, and S$0.720.

Company Overview: Lendlease Global Commercial REIT invests in a portfolio of real estate assets primarily used for retail and/or office purposes, including Jem and 313@Somerset.

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.