Starhub broke the support zone between $4.00 and $4.03. This level proved to be very strong support and tested 8 times previously. So, this breakdown has to be respected because it does mean something in terms of investor confidence on StarHub. Shorting time on this Singapore Straits Time Index (STI) component stock!
Original post by Marubozu from My Stocks Investing Journey.https://mystocksinvesting.com
STI is rejected at 200D SMA with a bearish closing marubozu candle. This level is also a reliable Support Turned Resistance trend line (in green). STI does not looks good base on chart pattern. Keep a close eye on the Rectangle support level at 3294 and expect more down side in the coming days if this support level broken. Tecnically STI has entered into bearish territory and start down trend. .
Original post by Marubozu from My Stocks Investing Journey. https://mystocksinvesting.com
Ascendas REIT Fundamental Analysis base on April, 2015 Quarterly Earning Presentation.
Ascendas REIT Technical Analysis
Ascendas REIT is just sitting on the 200D SMA support after dropped about 12% from the recent high. Take note that Ascendas REIT is forming a Head and Shoulders chart pattern. Breaking the 200D SMA support at $2.415 and neckline at $2.375 will send the stock price lower with price target of $2.08.
Summary
Ascendas REIT has a good fundamental and well diversified portfolio and tenant base. Currently Ascendas REIT is over value base on NAV. Technically I don’t like the chart (Head and Shoulders) amidst coming interest rate hike. So it is better to play safe now because there is opportunity to pick up this fundamental strong REIT at a lower price.