Suntec REIT (technical)

Suntec REIT: On the shorter term, historicals suggest a high probability on a relieve to its downtrend which started on 22 Apr, with both the RSI and Stochastics at the oversold region. In addition, the ADX also suggests that the strength on the downtrend appears to be weakening. The next support level is at $1.45, with a near term support-turned-resistance level of $1.56.