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Tuesday, 14 June 2016

Ascott Reit Technical Analysis: 14 June 2016, Tuesday, 10.08am Singapore Time


Ascott Reit Technical Analysis (Long Term Technicals): 
14 June 2016, Tuesday, 10.08am Singapore Time

Attached above is the long term price structure of Ascott Reit: 
The beauty is that the 3rd contact cluster of points are made after a treacherous backtest in the entire orange region. Smart Monies are really algorithmic and technical.
BEARISH

Ascott Reit Technical Analysis (Mid Term and Short Term Technicals): 
14 June 2016, Tuesday, 10.08am Singapore Time

Ascott Reit, a quality reit, has triple layers of high selling pressure resistance in the mid term and short term time frame too. If the leader of Reits pack is bearish, all other reits will be bearish and perform worse than the already bad.
Be cautious of all Reits. 

Donovan Technical Rating on all Reits:
Bearish Bias


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