FIRST REIT: Long Term Uptrend

FIRST REIT is still on the long term trend as the support at $1.16 looks strong. Currently FIRST REIT is still trading in consolidation mode. As long as FIRST REIT stays above the uptrend support (both green lines), expect more upside with strong fundamental.

FIRST REIT April17-2016

  • Last Done Price = $1.255
  • Price /  NAV = 1.18 (18% Premium)
  • Price /  NAV (High) = 1.71
  • Price /  NAV (Low) = 1.06
  • Distribution Yield (TTM) = 6.78%
  • Gearing Ratio = 34%

See last analysis of FIRST REIT here.

Other Singapore REIT comparison table here.

USD SGD Pair: Morning Star

USD/SGD Pair rebounded from 200D SMA support with a Morning Star. This 200D SMA support coincides with 61.8% Fibonacci Retracement Level which is also a critical support which tested 3 times previously.

USD SGD Feb 13-2016

USD/SGD pair is still trading on long term uptrend and currently expected to bounce off from this long term up trend support.

USD SGD Long Term Up Trend Feb 13-2016

 

Original post from http://mystocksinvesting.com