Cromwell European REIT’s (CEREIT) technical outlook is a trifle weaker than industrial and commercial REITs such as Frasers Industrial and Commercial Trust (FLCT). FLCT is entrenched within a narrow range and failed to move above at a confluence of resistance and its flat 50-day moving average at $1.44 despite a surge In volume on March 17, which was accompanied by a black candle.

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