Mapletree Commercial Trust: the upside prevails as long as 1.21 is support

Our preference: the upside prevails as long as 1.21 is support.

Alternative scenario: the downside breakout of 1.21 would call for 1.18 and 1.15.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 1.2 and 1.14). Mapletree Commercial Trust is currently trading near its 52 week high reached at 1.27 on 17/10/12.

Supports and resistances: 
1.36 *
1.34 **
1.31
1.255 last
1.23
1.21 **
1.18 *