Singapore REITs market have been struggling to stay afloat.
Technically speaking
- $FTSE ST Real Estate Investment Trusts(FSTAS8670.IN) is struggling to stay above the 800 support level.
- Some would call it a ‘hammer’ on the weekly candle; So this coming week will be important, to see if the weekly candle close above the hammer to have some signs of bullish hope.
- 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 25 May 2018
Want a comparison list of Singapore High-Yield REITs? Get it here.