Singapore REITs market dropped further this week; downtrend pattern forming on the weekly chart.
FTSE ST Real Estate Inv Tr (FSTAS8670)
Singapore REITs index pulled back this week (Week closing 27 Jul 2018)
Singapore REITs market pulled back this week; short term uptrend blocked by 820 resistance.
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.
Singapore REITs index heading towards resistance (Week closing 6 Jul 2018)
Singapore REITs market is heading towards 800 resistance level; closing this week above the high of the bullish engulfing pattern we saw last week; a bullish sign in the short term.
Bullish Engulfing Pattern spotted in Singapore REITs index (Week closing 29 Jun 2018)
For 5 weeks in a row, Singapore REITs market closed below 800; But this week, it closed with bullish engulfing candlesticks.
For 4th week, Singapore REITs index closed below 800 (Week closing 22 Jun 2018)
For 4 weeks in a row, Singapore REITs market closed below 800; REITs market in correction as it is down by 11.6% from the peak.
For 3rd week, Singapore REITs index closed below 800 (Week closing 15 Jun 2018)
For 3 weeks in a row, Singapore REITs market closed below 800; downtrend in place.
Singapore REITs index closed below 800 again this week (Week closing 8 Jun 2018)
Singapore REITs market closed below 800 again this week; bearishness remains.
Singapore REITs index closed below 800 (Week closing 1 Jun 2018)
Singapore REITs market closed below 800 this week; not a good sign.
Singapore REITs index struggling to stay above 800 (Week closing 25 May 2018)
Singapore REITs market have been struggling to stay afloat.