CapitaLand Ascendas REIT (SGX: A17U) Trading Opportunity

Published On: 9 June 2023, 5.30 PM | Sean Ng, Dealer

Trade Set-up:
  • A17U’s share price has been on a downtrend lately
  • From the chart, it appears to be reaching the support level of $2.61
  • RSI also indicates that it is oversold and a small uptick in momentum can be seen as of 09/06/23
  • Its dividend yield in 2023 so far has been an attractive 5.37% as well

Trade Execution:
  • If A17U bounces off the support, traders could seek to long and take profits at $2.66
  • However, if price breaks below support, traders can look to the $2.58 level to signal a further downtrend