There seems to be some buying as it trades higher and attempt a move above 0.700 psychological resistance level. More upside still possible as mentioned, let’s see if the 0.705 – 0.71 sellers get taken out today too J
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Ascendas-hTrust has been trading in a very tight range from 0.67 to 0.69 for about 3 weeks, and today we have seen a move above the 0.69 resistance on above average volume. ANY MOVE above the psychological 0.700 resistance can potential see more upside towards 0.75 in the short term. MACD has also just stage a crossover positively where we can see more momentum especially if the 0.700 – 0.705 clears out.