Stock with Momentum: Digital Core REIT

February 13, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on Digital Core REIT (SGX: DCRU) as the share price shows a continuation to the upside after a strong breakout to the bullish flag.

Here is a look at some of the key highlights of the technical report.

  • Market Position: Digital Core REIT is rated as a ‘Technical Buy’ with a last price of $0.665, indicating bullish momentum.
  • Entry Prices and Support Levels: Entry prices are at $0.665, $0.630, and $0.600, with strong support levels identified at $0.525 and $0.395.
  • Stop Loss and Resistance Levels: A stop loss is recommended at $0.560, with resistance levels at $0.595 and $0.790.
  • Target Prices: The target prices are set at $0.695, $0.700, $0.780, and $0.810, reflecting potential for upside gains.
  • Company Overview: Digital Core REIT, sponsored by global data centre owner Digital Realty, aims to invest in income-producing real estate assets globally, primarily used for data centre purposes.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached

 

Billy Toh

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.

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