Ascendas Reit Stock Code A17U.SGX
Outlook
Price broke above the cloud three days ago and for the past 3 days price had closed above the cloud, which is a hint of a bullish price trend. Conversion line and Base line remained in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish and is hinting at a bullish price trend. As long as price stays above the cloud, price is likely to test the previous price high at $2.96, in the next 2-3 weeks.
Strategy
$2.87 Buy
$2.96 Price Target
$2.81 Risk Management Stop
3 weeks Trade Duration
