MACD poised for a crossover at 0 line
Bullish stochastic crossover yesterday
Strong overall volume
May test resistance at $0.67 if volume continues
Support at $0.59
Look to see if 20 days moving average can maintain above 50 days moving average
Yield at 5.6%, low debt ratio
Last done price $0.795 is quite close to the NAV, which is $0.805
One thing to note about this counter, is that during the sell off few days back, it was not affected much. It shows some resilience.. Probably can consider it to be part of your dividend portfolio.
On a technical note…
Support is at $0.78 while resistance is at $0.815
20 days moving average looks to tick upward
Bullish MACD crossover, under 0 level.
Possibility of upward momentum
Not many surprises to take away from FOMC..
The trend is your friend, let’s ride..
Suntec Reit (T82U)
Swing trading idea
Bullish Stochastic signal crossover in the oversold region (under 20%)
Support tested several times at $1.76
Lookout to see if the 20 days moving average will stay over 50 days moving average
Resistance at $1.85
Trading frame: 2 weeks – 1 month
Entry price: $1.77 – $1.78
Target price: $1.855