Saturday, August 17, 2013

Epic Research Singapore : AIMS AMP REIT Update

AIMS AMP REIT - Poised for further decline after bearish break
 
1) Key supports breached

AIMS AMP REIT is likely to see further correction after breaching its 1.5-year uptrend support recently; this was followed by a strong bearish break below the $1.54 key support on heavy trading volume
 
2) Next key support at $1.35
The counter could possibly slip further towards the next key base at $1.35 (key trough) in the weeks ahead.
 
3) Immediate resistance at $1.54
Meanwhile, $1.54 is now the newly established support-turned-resistance should any technical rebound occur
 
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