Starhill Global REIT (SGX: P40U) ranging upside is set to break based on the recent strong technical and price action:
1. The formation of the ascending triangle has been confirmed after prices broke above the resistance at $0.570.
2. The larger rounding bottom formation is set to break the neckline resistance zone at $0.570-$0.590. Furthermore, the neckline resistance seems to be weakened after multiple attempts to test it since March 2021.
3. Golden cross is still intact as prices remain elevated above all three major moving averages.