Technical Analysis: Dundee REIT (D.UN:TSX)

Support and resistance levels for Dundee REIT
A daily candlestick chart for Dundee REIT showing the support and resistance levels.

Dundee REIT (D.UN:TSX) Daily Chart

Dundee Reit has been one of my core holdings over the past two years. And I was fortunate to own a significant position in Whiterock REIT when it was acquired by Dundee. The major trend is still up for Dundee but it will have to break resistance of $37.50, the March high, to continue the uptrend. The May 3 earnings release could be the catalyst for the breakout above resistance. If not, there will be a test of the $35.00 support level.

Reference my last chart analysis for Dundee REIT which was posted on May 9, 2011.

Visit the corporate website to review the fundamental data.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

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