Lendlease REIT (SGX: JYEU) has been ranging since the end of the rally in mid-June 2020. Since prices fail to clear above the key resistance high of the range at 0.705, the technicals indicate further weakness and a correction.
*Timeline of the trade is 3 weeks from the date issued.
Red dotted line = 200-day moving average
Green dotted line = 22-day moving average
Blue dotted line = 50-day moving average