Suntec REIT: as long as 1.42 is support look for 1.51

Our pivot point stands at 1.42.

Our preference: as long as 1.42 is support look for 1.51.

Alternative scenario: the downside breakout of 1.42 would call for 1.4 and 1.38.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 1.44 and 1.42). Suntec REIT is currently trading near its 52 week high reached at 1.48 on 18/07/12.

Supports and resistances: 
1.53 *
1.51 **
1.49
1.445 last
1.43
1.42 **
1.4 *