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The Pavilion Real Estate Investment Trust (5212.KL) chart presents a bullish technical setup, trading above its 20-day, 50-day, and 200-day moving averages, reinforcing a sustained upward trend. The MACD line remains above the signal line, indicating positive momentum, though the histogram’s slight flattening suggests a potential slowdown in momentum. The RSI at 69.49 approaches overbought territory, signaling strength but warranting caution for near-term exhaustion. Price action close to the upper Bollinger Band underscores bullish sentiment but may lead to short-term profit-taking. Support levels are identified near the 50-day MA (~1.45) and the 200-day MA (~1.42), with resistance observed at 1.60 and 1.65; a breakout above these levels with strong volume could validate further upside potential. Overall, the technical setup is robust, though near-term consolidation is possible.
Company background:
Pavilion Real Estate Investment Trust (Pavilion REIT) is a Malaysian-based REIT focused on owning and managing income-generating retail properties. Its portfolio includes premium shopping malls like Pavilion Kuala Lumpur, Pavilion Elite, and Pavilion Bukit Jalil, providing stable rental income and growth potential from high-traffic locations.