Parkway Life REIT: Testing Support Amidst a Short-Term Technical Correction

Kenny_Loh
12-17 16:03

Based on the chart as of December 17, 2025, $ParkwayLife Reit(C2PU.SI)$ is exhibiting a bearish-to-neutral short-term trend within a long-term ascending channel.

Key Observations:

  • Moving Averages: The price ($4.01) is currently trading below its 50-day (blue) and 20-day (red) MAs, which are sloping downward. A "Death Cross" (short-term MA crossing below long-term MA) recently occurred near $4.10, acting as dynamic resistance (blue arrow).

  • Support & Resistance: The REIT is testing a critical psychological support level at $4.00. Below this, the primary structural support sits at $3.716. Long-term Trend: The stock remains within a multi-year uptrend channel (black diagonal line). Historical "buy zones" (orange circles) suggest that touches of this lower trendline often precede rebounds.

Conclusion: The outlook is cautious. Until the price breaks back above the $4.07–$4.10 resistance zone, further consolidation toward the trendline support near $3.80 is likely.

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