Singapore REITs market might be breaking down.
Technically speaking
- $FTSE ST Real Estate Investment Trusts(FSTAS8670.IN) is hanging on to dear life at 800 support level.
- If it breaks 800 support, it’s a long way down to 770, 740, and alas, 700 support levels.
- Trend is showing signs of turning down.
Possible action
- Tighten stops to protect profits for existing positions.
- Prepare shopping list should the drop happens; Use https://app.yieldsavvy.com to identify the stronger REITs.
Week closing 18 May 2018
Want a comparison list of Singapore High-Yield REITs? Get it here.