On 2nd of April, Ascendas REIT (SGX: A17U) sold off to our target at 2.50, which was a confluence with the bullish gap region between 2.55-2.47, subsequent price action was a rebound but based on the recent technical, the sell-off will continue.
*Timeline of the trade should be between 1-3 weeks from the date issued.
* For reference, please refer to the past Ascendas report at https://www.stocksbnb.com/tech-pulse/technical-analysis-ascendas-reit/
Simple moving average
Red dotted line = 200 SMA
Blue dotted line = 50 SMA
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