{"id":733,"date":"2018-06-30T14:40:29","date_gmt":"2018-06-30T06:40:29","guid":{"rendered":"http:\/\/reits.yieldsavvy.com\/singapore\/?p=733"},"modified":"2018-06-30T14:42:55","modified_gmt":"2018-06-30T06:42:55","slug":"bullish-engulfing-pattern-spotted-in-singapore-reits-index-week-closing-29-jun-2018","status":"publish","type":"post","link":"https:\/\/reits.yieldsavvy.com\/singapore\/2018\/06\/bullish-engulfing-pattern-spotted-in-singapore-reits-index-week-closing-29-jun-2018\/","title":{"rendered":"Bullish Engulfing Pattern spotted in Singapore REITs index (Week closing 29 Jun 2018)"},"content":{"rendered":"<p>For 5 weeks in a row, Singapore REITs market closed below 800; But this week, it closed with bullish engulfing candlesticks.<\/p>\n<p><!--more--><\/p>\n<h3><strong>Technically speaking<\/strong><\/h3>\n<ul>\n<li>$FTSE ST Real Estate Investment Trusts(FSTAS8670.IN) closed the week below the critical 800 support level and spent the week moving up slowly above 780. This is the 5nd consecutive week it closed below 800.<\/li>\n<li>The last two weekly candles formed a bullish engulfing pattern, which suggest bullishness in the short term.<\/li>\n<li>Next resistance level at 800, support level at 770.<\/li>\n<\/ul>\n<h3><strong>Possible action<\/strong><\/h3>\n<ul>\n<li>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.<\/li>\n<li>Tighten stops to protect profits for existing positions.<\/li>\n<li>Prepare shopping list; Use <a href=\"https:\/\/app.yieldsavvy.com\">https:\/\/app.yieldsavvy.com<\/a> to identify the stronger REITs.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>Week closing 29 Jun 2018<\/strong><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-735\" src=\"https:\/\/reits.yieldsavvy.com\/singapore\/wp-content\/uploads\/180629-fstas8670-w1.png\" alt=\"\" width=\"648\" height=\"746\" srcset=\"https:\/\/reits.yieldsavvy.com\/singapore\/wp-content\/uploads\/180629-fstas8670-w1.png 648w, https:\/\/reits.yieldsavvy.com\/singapore\/wp-content\/uploads\/180629-fstas8670-w1-261x300.png 261w\" sizes=\"auto, (max-width: 648px) 100vw, 648px\" \/><\/p>\n<p>&nbsp;<\/p>\n<blockquote><p>Want a comparison list of Singapore High-Yield REITs? <a href=\"https:\/\/app.yieldsavvy.com\/\" target=\"_blank\" rel=\"noopener\">Get it here<\/a>.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For 5 weeks in a row, Singapore REITs market closed below 800; But this week, it closed with bullish engulfing candlesticks.<\/p>\n","protected":false},"author":4,"featured_media":734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"generate_page_header":"","footnotes":""},"categories":[86],"tags":[],"class_list":["post-733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fstas8670"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - 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