Minor candlestick reversals

ASCENDAS REIT ($2.18) - Temporary rebound from piercing pattern

-  May have a temporary rebound from one year lows

- Support has been established at $2.09

- Resistance is at $2.30

FRASERS COMMERCIAL TRUST ($1.345) - Uptick from minor hammer

- Indicators could trigger a minor rebound

- Resistance is at $1.38

- Trend will probably remain downwards

CAPITARETAIL CHINA TRUST ($1.405) - Respite from morning star

- Hints of a minor morning star developing

- Candlestick reversal will likely trigger a temporary bounce

- Support is at $1.32

- Resistance is at $1.45

MAPLETREE INDUSTRIAL TRUST ($1.305) - Temporary rebound

- Positive divergence should trigger rebound

- Resistance is at $1.38 to $1.40 range

- Indicators suggest that decline has yet to run its course

PARKWAY LIFE REIT ($2.30) - Downtrend to continue

- Prices have broken 200 day moving average

- Any rebound will likely be momentary and tenuous

- Resistance is at $2.35 and downside is at $1.95

SABANA REIT ($1.155) - Early-stage base formation

- Downtrend remains evident

- Stock appears to be establishing the $1.08 level as support

- Short term rebound may occur

- Upper boundary appearing at $1.18

(Source:  TheEdgeSingapore July 1 2013)