Saturday, May 22, 2021

Technical Analysis May 2021: Mapletree Ind Tr (SGX: ME8U)


Mapletree Industrial Trust (SGX: ME8U) 

Observation from Chart: 


Mapletree Industrial Trust (SGX: ME8U) forming ascending triangle pattern. 

Will it retest $3.36 resistance level? 

Other indicator:- 
MACD trade at negative region, downtrend sign. 
Stochastic %K on BUY call itinerary. 

Immediate support @ triangle support level. 
Subsequent support @ $2.50 level.

Immediate resistance @ $3.00 level. 
Subsequent resistance @ $3.36 level. 

Let's watch closely Disclaimer

0 comments:

Post a Comment