Suntec Reit

Suntec Reit: OCBC technicals says the counter is likely to see more upside after initiating a strong bullish break above the $1.27 key support turned resistance on heavy volume over the past two sessions. Notes MACD has just initiated a bullish crossover, suggests that momentum is building up. Tips a test of next resistance at $1.40 in the wks ahead. Immediate support is at $1.27 with stop-loss exit at ~$1.23. Fundamentally, the house has a Hold rating with TP $1.20.