![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-Xbtv8A2-RwLm4dJM4usF-QRKjAPiWrF0k9fwimE6IWT9A5E7Lgb7v7OzAYQNzRUMV1qKwa_-ihOYypQbnqOYae4B8EeBwqD53OBfQWmThZUd5vvgQ-UTFa5GIrldkHazDZMJCBiDfAcG/s400/2010Feb-SuntecReit-800x600.png)
See it for yourself and make your own judgement. As mentioned in my last analysis two weeks ago, I mentioned that SuntecReit is facing triple resistance. I also mentioned that by looking at the MACD, RSI and Stochastic, it may not be the best time to buy in my opinion. I am not saying my analysis is accurate but the price did fall from $1.34 to $1.25 during the last two weeks. I believe that any uncertainty in the market will trigger another sell down.Please note that I am using TA to position myself for long term investing and not to predict the direction of the market. My target buy price is unchanged at $1.10. If the price never reaches $1.10, then I will not buy at all.
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