Suntec REIT 18 Sep 2014

Not many surprises to take away from FOMC..

The trend is your friend, let’s ride..

Suntec Reit 2

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

Upside: 4.8%

Advertisements

Come, leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s