Singapore REITs index in short term uptrend (Week closing 13 Jul 2018)

Singapore REITs market spent the whole week going up and broke 800 resistance level; it is in short term uptrend.

Technically speaking

  • $FTSE ST Real Estate Investment Trusts(FSTAS8670.IN) broke 800 resistance level; now 800 turned support.
  • It closed this week above 800 forming a 3 white soldier on weekly candle charts; a bullish sign.
  • Next resistance level at 820, support level at 800.

 

Possible action

  • Aggressive REITs investors might consider looking for entries from their shopping list if bullishness continues. But be prepared for volatility mainly cause by trade war concerns.
  • Tighten stops to protect profits for existing positions.
  • Prepare shopping list; Use https://app.yieldsavvy.com to identify the stronger REITs.
  • Singapore REITs earning season is now on! Seven REITs reporting in the coming week. Do pay attention to them if you’re holding or planning to buy any of them.

 

Week closing 13 Jul 2018

 

Want a comparison list of Singapore High-Yield REITs? Get it here.

 

Top 10 gainers this week

  • +3.13% $Far East HTrust(Q5T.SI)
  • +2.29% $Viva Ind Tr(T8B.SI)
  • +2.22% $Suntec Reit(T82U.SI)
  • +1.82% $Ascott Reit(A68U.SI)
  • +1.54% $First Reit(AW9U.SI)
  • +1.47% $Frasers HTrust(ACV.SI)
  • +1.36% $CapitaR China Tr(AU8U.SI)
  • +1.29% $OUE HTrust(SK7.SI)
  • +0.96% $ESR-REIT(J91U.SI)
  • +0.88% $Keppel Reit(K71U.SI)

 

Top 5 losers this week

  • -1.44% $ParkwayLife Reit(C2PU.SI)
  • -0.93% $Frasers L&I Tr(BUOU.SI)
  • -0.69% $Frasers Com Tr(ND8U.SI)
  • -0.50% $Mapletree Ind Tr(ME8U.SI)
  • -0.37% $Ascendas Reit(A17U.SI)

 

Want a comparison list of Singapore High-Yield REITs? Get it here.

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