Ascendas REIT

Ascendas REIT: OCBC Technicals sees further recovery after initiating a strong rebound off its 8 mth uptrend support on heavy volume yday. Its $2.36 immediate horizontal resistance was conquered at the same time. Indicators are bullish with MACD just rebounding off its signal line as well, this suggests upside momentum could continue. OCBC tips TP of $2.50 (key peak) in the weeks ahead. Stop loss at $2.31. The house has a fundamental Buy with TP $2.45