Technical Pulse: Ascendas REIT September 9, 2019 120

*This is an updated report from 12th July.


Ascendas REIT (SGX: A17U) met our price expectations based on our 12th of July report. However, the bullish trend is facing some resistance.  We believe the REIT is entering into a corrective phase based on the technicals below:  

  1. Evening Star Formation at the resistance level of 3.20.
  2. RSI bearish divergence.
  3. RSI Showing strong oversold above 60 overbought line.




Relative Strength Index

Period =14

Red line = 60 Overbought Line

Green line = 40 Oversold Line


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