Singapore REIT is fighting for Life!

Singapore REIT sector is fighting for life to stay above the resistance turned support zone between 770-775. Breaking down this support zone will continue the bearish slide. Next support is at 740.

 

Sit really really tight!

 

 

 

If you need an independent professional review on your current REIT portfolio and need any recommendation, you may engage me in the REIT portfolio Advisory. REITs Portfolio Advisory.  http://mystocksinvesting.com/course/private-portfolio-review/

Capitaland: Fall Into Support Zone

Capitaland is getting closer to a very important Resistance Turned Support Zone. This support zone have been tested 4 times for past 1 year. Will Capitaland rebound from here? Also interesting to take note that this support zone is also within the 50% Fibonacci Retracement level.

Break or rebound? There is definitely a trading opportunity! Keep a close eye on reversal candlestick formation.

Crude Oil: Dead Cat Bounce in Bear Market?

Crude Oil have reached the critical resistance turned support (at about $43 from the chart) after entering into a Bear Market. The recent plunge for oil into bear-market territory, defined as a drop from a recent peak of at least 20%, comes as a consortium led by the Organization of the Petroleum Exporting Countries have failed to stabilize prices, despite a recently reupped pact to limit production until March 2018.

If this $43 support holds, a Dead Cat Bounce to the down trend channel resistance is expected. Dead Cat Bounce is an opportunity to get out in the bear market.  If you are holding all oil & gas sensitive stocks and corporate bonds in Singapore like Keppel Corp, SembCorp and other 50 stocks I have screened using ShareInvestor, prepare for the rough ride if the Crude Oil break the $43 critical support and further downside is expected. It is time to review your portfolio what is your exposure to the energy and Oil & Gas sector, and re-balance  or hedge your portfolio if necessary.

Energy Sector ETF (XLE) is also trading in a clear down trend.

 

 

Last word: Trade & Invest based on what you see, NOT based on what you think, what you hope and what you hear.

Start review your portfolio NOW !

Safe investing!

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