I have been watching this REIT for some time now. Finally, it breaks down from the support area at 0.56 level. I expect it to revisit 0.475 the next support level in the coming weeks or months.
That will be an attractive price level for me to buy for good dividend income while the safety margin is higher for it to return the capital appreciation in the coming years .
That will be an attractive price level for me to buy for good dividend income while the safety margin is higher for it to return the capital appreciation in the coming years .
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yes, it is coming to an attractive level to scoop up this REIT.
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God is great. Sometimes, I forget to get into the trade and the Market may have continue its train ride without me and sometimes, it offers a 2nd chance , like in this case. So, all I need to do is to wait some more as the price level shows weakness and is likely to revisit 0.475 again
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see the rejection nicely at 0.56 ? it pierce above this level and closed below yesterday. Let's see its performance over the next few weeks.......I expect it to breakout
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good time to accumulate at current price. It is quite unlikely that it will breakdown to 0.375 , the March 2020 low but there lies a possibility since nobody can predict the market.
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6 months later, it is driving closer to the 0.375 price point . This is the previous bottom on March 2020 and I believe it will find some support here.
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patient , patient, patient. It reaches a low of 0.39 yesterday. It is coming closer to my buy target of 0.375
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Thank God ! I was so busy the past week that I have not catch up on this REIT . Now it is revisiting the price last seen on 9th March 2020. Hope to see a rebound soon
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It is now at 0.35, i will be nibbling some to test the market