Mapletree Commercial Trust: the upside prevails as long as 1.09 is support

Our pivot point is at 1.09.

Our preference: the upside prevails as long as 1.09 is support.

Alternative scenario: the downside breakout of 1.09 would call for 1.06 and 1.04.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 1.09 and 1.05). Mapletree Commercial Trust is currently trading near its 52 week high reached at 1.14 on 04/09/12.

Supports and resistances: 
1.2 *
1.18 **
1.16
1.11 last
1.1
1.09 **
1.06 *