Could the Fed change their mind and not do any rate cut this year ? It is possible. First, the question was how many - 2 or 3 then when will they cut , May is out then they said is likely June and now maybe in September...... Reits does not do well in a high interest rates environment and thus explain the reasons why they have fallen from their peak, some 50-60%...
SGX:N2IU showed bearishness as the price broke the convergence triangle. The immediate support is at $1.80. The price is trading below the the 50-day moving average as well. Fundamental wise, the REIT continues to deliver strong results with resilient portfolio. The REIT is currently trading at 4.4% dividend yield. Click here to compare the Singapore REITs.
Currently downward trend close to the resistance line of around 1.85, if it break through downwards, we should see it test the 1.76 region and so forth. Points to consider tenants ability to survive the current pandemic impact If measures impose by Government would help to stimulate sufficient spending. tourism recovery vaccine news. What do you guys think? Do...
The first test of the inverted H&S failed (broke up and then failed a few days later). Now with bullish divergence forming again on the daily chart, it looks like MCT is ready to do another retest. Will this breakup suceed this time? Can only wait and see. Long at 1.80, stop below 1.75. Should it break above neckline I will move my stops to just below the...
Inverted Head & Shoulders would confirm upon a daily close above the neckline at 1.90. When this happens, I would enter with an intial stop loss just below 1.80. Should the trade works out, I would scale out partially around 2.09 (possible horizontal resistence there) and protect with trailing stops to ride the rest to about 2.30 (Inv H&S target is at...
stock has lost its upwards trend and changing to a sideway movement. Stock is near the resistance line @ 1.89. If there's a breach, then potential to go higher. If not likely to go down to potential support @ 1.63. A potential short position @1.86 with stop-loss above resistance line @ 1.90 and profit-taking @ next support line @ 1.63
Most people's idea of a rounded top is "bearish" and should break down at the neckline. However, personally I found that half the time this is not true. A test at the neckline and a decisive rebound from there, I will go long. A rather aggressive short term trade with stop loss just below today's candle low and with near term profits between 2.20-2.24. Dividend...