Ascendas ....



 I came across this Ascendas Real Estate Investment Trust counter and I am curious, why such a long name? Just put Ascendas REIT and everyone would still know what they are doing.

 

Anyway, here is the chart. Looks like it has completed the B wave, either that it is extending to D & E, which I think is not likely. So it is presently going through the i -- v wave of C wave. I guess that the least it should do is to reach the Gann Grid crossing @2.00. Worst case at the moment is the support level of 1.82. Anyway, the trendline (the red lines) is broken already. To me it is going down.

So could this be the result of the cooling measures from the Singapore Government?