FCT management has done a excellent job for potential growth recovery.
instead of following the routes of most reits chasing data centers which they may face issues such as
- lack of experience operating them
- acquisition route might be too costly in short term basis / may need to upgrade components
- profitability may be affected in long term if there is a over...
Retest 2.6 Resistance with significant volume improvement.
Banker's chip turned strong chip.
Breaking 2.64 resistance will expose next level of resistance at 3.0
FCPT finally broke quite decisively above the "neckline" at 2.10 today. Still not too late to jump on the bandwagaon (esp if it could retest 2.10 in the near future) with a stop just below 2.00. Look to scale out around 2.30 then 2.48 and finally 2.65-2.75. However I do not expect a smooth journey to the final target but as long as it is able to from a higher...
FCPT sold off heavily today and retested 1.75 today forming a mini double bottom. This is also the 50% fib retracement of the bigger uptrend from 2009-2020. An aggressive entry would be to enter as soon as it retested 1.75 and starts to rebound. However a more conservative entry is to wait for some "confirmation" that the low is in, which means to wait for...
