*** non-dividend adjusted
Ever since the hugh drop back in Sep 2020 (covid), it has been a choppy slight downtrend path connecting most of the Peaks & Troughs (ignore occasional exceptional dips)
More than 10 times, lower channel were tested and perhaps we can expect it will happen again
So buy on dip along lower channel? Of course u decide your own😀
SGX:A17U
RSI below trend resist as shown
from past scenario, trapped within range or underperform
Miss the bottom, and wait for RSI to break above trend resist
Ascendas Real Estate Investment Trust is one of the leading Singapore REITS.
Currently the price is ok, but below 2,90 SGD could make it a cheap investment.
Current Price to FFO shows, that it is 19,88 it is a bit overvalued to the mean 16,99, which was last time on May 2020, and probably will not be seen for a while. But P/FFO with 19, will be ok for this...
ENTRY: 3.05
TP: 3.18
SL: 2.92
- ADX<25. Prefer it to be higher.
- RSI>50. But pointing up.
- FFI +ve
- RSI -ve. But pointing up.
- Reduce position size.
- Break downtrend line but retraced almost half. Caution.
Ascendas Reit was stuck in a range between 3.19-3.28 for the past 4 weeks with RSI dipping below 50 (ie lack of strength). Today RSI finally began to move above 50 with the formation of a very bullish candle that started at the bottom of the range to the top all in one day.
Long @ 3.29-3.30 (as it breaks above the top of the range) with initial stop a few ticks...
A-Reit has been declining within a parallel channel for the past 1.5 months. It went just 3 ticks below the 61.8% fib retracement support @ 3.23 and is now staging a rebound above this declining channel.
Long @ 3.25 with initial stop just below recent low @ 3.18. Will scale out along the way from 3.42 - 3.65 if trade works out well.
Disclaimer: This is just my...
Testing channel support today with a potential bullish divergent in the making.
Long at channel support 3.34 (more "aggressive" entry) or wait for it to rise above 3.38 (confirmation) to Long. I would put initial stop loss at 3.29 and with initial target at 3.60 -3.65 (recent hi)
Disclaimer: This is just my own analysis and opinion for discussion and is not a...
As of writing it is now potentially a bullish "piercing candle". The stock retraced to around the 61.8% level, which was also close to the trendline support at 3.00, however this guy hit into 3.02 (2 cts shy of the support) and started to rebound quite strongly (the bulls who see "value" just can't wait to miss the boat, and forced the bears rushing to cover...
A possible short sell scalp as per indicator - strength meter and annotation indicates a high possibility that it will trend down somewhat - consider this a scalp before Ascendas U turns for the final div run of the year. Buy and SL as indicated.
1. Bearish divergence
2. Evening star
3. Wait for breakout from trendline
For those looking to go long Acendas Reit for investment purposes, keep a lookout
