REIT Rally Continues? A Closer Look at CapLand Ascendas' Uptrend
This chart for $CapLand Ascendas REIT(A17U.SI)$ shows the stock trading within an upward channel since mid-2025, indicating an uptrend.
Key observations:
-
The price is currently near the lower boundary of the channel, which acts as support (around $2.82).
-
The 50-day and 20-day Moving Averages (MAs) are intertwined, but generally above the 200-day MA (green line), supporting the bullish trend.
-
A strong horizontal support/resistance turned support level is identified near $2.75.
-
A break below the channel and $2.75 would negate the bullish outlook. Resistance is at the channel's top, near $3.00.
👉Follow Kenny Loh
Kenny Loh is a distinguished MAS Licensed Wealth Advisory Director with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
You can join his Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement
For Investment Advice or Portfolio Review, DM kennyloh@fapl.sg for 1 hour complimentary discussion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- MoiraHorace·11-24TOPChannel holding strong, support at $2.75 looks solid. Break above $3 could trigger next leg up! [看涨]LikeReport
