Suntec Reit (technical)

Suntec Reit: the near term trend looks weak, particularly after the break of the $1.90 support-turned-resistance. There is light support at $1.86 (50 day MA), and if that breaks, expect a downward move to test the firmer $1.80 level. Nevertheless the counter's longer term uptrend still remains intact, given the steadily rising 50day and 200day MA.