*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:
Relative Strength Index
Red line = 60 Overbought Line
Green line = 40 Oversold Line
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