Strength amid weakness

JARDINE CYCLE & CARRIAGE ($38.17) - Steady uptrend

- Chart indicates latent strength

- Successful break indicates target of $40.50 and eventual upside of $42

- Positive upmove likely to resume when 100 day and 200 day moving averages forms a positive crossover

- Support is at $36.40

CAPITALAND MALL TRUST ($2.08) - Breaks above 200 day moving average

- Prices have managed to move above confluence of 200 day moving average and resistance area

- Ideally breakout indicates a near term upside of $2.15

- Support appears at $2.01

ASCENDAS REIT ($2.31) - Challenging resistance

- Prices are attempting to move above confluence of resistance and 200 day moving average

- Support appears at $2.27 to $2.30 level

- Successful breakout would indicate a target of $2.60

MAPLETREE COMMERCIAL TRUST ($1.37) - Poised for breakout

- Prices attempted to move above 200 day moving average

- Quarterly momentum is challenging a resistance at its equilibrium line

- Evidence suggests that prices should be able to break above $1.374

- Successful break would indicate target of $1.55

- Support is at $1.31 to $1.32 level

FRASERS CENTREPOINT TRUST ($1.895) - Attempting recovery

- Prices managed to move above 100 day moving average

- Volume is contracting and could deter counter from breaking out

- As indicators turn positive, it should support price upmove towards $1.96

CAPITALAND COMMERCIAL TRUST ($1.35) - Challenging confluence of resistances

- Prices are testing thrice tested resistance level

- Successful break above $1.34 indicates initial target of $1.42 and eventual upside of $1.60

- Support is at $1.30

(Source:  TheEdgeSingapore February 15 2016)