Ascendas Reit - Buy When Support Line Hit

Ascendas Reit is another reit I bought during Friday sell down.  The reason is because it rebound twice from this support line previously.   Again, this is based on calculated risk, it may go down further.

Correct technical buy should be to wait for confirmation when it reverse back another two positive candle.  Anyway, I like to take partial buy first whenever it touches the same support line, if it goes down further, will buy on the next support using DCA.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.