REPOST: NOW AT 0.64, SEEMS LIKE IT HAS CONVICNING BREAK ABOVE THE 1.62, can consider long positions and take profit on more strength
Posted yesterday - Suntec Reit has consolidated below the 1.62 resistance level for about 3 months already and finally we have seen some interest today and a slight attempt to break above, more confirmation needed though. The high set today is 1.63 currently. Can be a possible potential trade setup if the 1.63 level clears out. Target will then be to 1.70 then 1.80 in the near term. 1.70 resistance level is also the 200 DAY MA(Dotted blue line) so a break above that level can also signal more strength in the uptick.
Stop loss at 1.595 for short term trades.
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