Friday, January 18, 2013

Trading Buy: Ascendas Reit. Share Price 2.53

2.51 resistance tested 3 times since Oct last year till now. Finally cleared today on TOP 30 Volume. Price at 2.53 now. New support remains at 2.50. As long as this is the support, more upside possible. Next major resistance to test would be 2.70 to 2.72 level set in May 2008. Defensive counter which you might need to hold to ride the stock further. Dividend yield more than 5%.

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