Chart wise, it has broke out of its bearish trend line and looks set to go higher.
Go to smaller time frame and initiate your long position.
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Praise Lord and congrats to those who bought this. Those who wish to get it please wait for the pullback
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1.19 to 1.20 would be a good support area to add more long positions.
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Mr Market always give us more than one chance to get into the market. The question is - did you continue to sit on the fence and analyse, analyse , more analysis or take some concrete action ? The choice is yours and the action you choose will determine the consequences as well......
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Praise the Lord . Congrats to those who longed with us. Now, we await for the resistance level to be broken up before adding more
with the Covid 19 policies being more relaxed, people will go out more like before and the festive season should drive the footfall of malls and help increase revenue.....
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1.20 is a major resistance level as you can see from chart that it has been rejected multiple times ( as early as Nov 2021). If it breaks above this time, I think we can expect it to go higher to 1.30.
Do remember, REITS investment are more of dividends income vs capital appreciation in stocks especially growth stocks. So, set your expectations right and not get too impatient and not seeing the returns you want out of REITS.