This chart for $CapLand Ascendas REIT(A17U.SI)$ shows the stock trading within an upward channel since mid-2025, indicating an uptrend.
Key observations:
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The price is currently near the lower boundary of the channel, which acts as support (around $2.82).
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The 50-day and 20-day Moving Averages (MAs) are intertwined, but generally above the 200-day MA (green line), supporting the bullish trend.
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A strong horizontal support/resistance turned support level is identified near $2.75.
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A break below the channel and $2.75 would negate the bullish outlook. Resistance is at the channel's top, near $3.00.
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