Keppel REIT is another REIT with high gearing of more than 40% (43.9%!!). Expect more down side to come when there is interest hike and right issues.
Technically Keppel REIT chart is bearish. Any rebound will be limited by the down trend resistance line and 20D/50D SMA resistance. Also take note that Keppel REIT has just broken the recent low support at $1.17. Expect more down side to come!
See other Singapore REIT comparison table here.
ASCOTT REIT has just broken the support at $1.19 and continue the down trend in a down trend channel. ASCOTT REIT is over value base on NAV and has high gearing ratio of 41.1%.
Be extremely careful of the interest rate hike and right issue.
See other Singapore REIT comparison table here.
Personally I see totally NO reasons to invest in this ASCOTT REIT base on Fundamental Analysis, Technical Analysis and Monetary Policy. I would like to hear from you if anyone see things different in this REIT.
OCBC formed a hammer at 38.2% (61.8%) Fibonacci support with a confirmation candle. RSI is oversold. My Technical Analysis class students should know what does it mean. Draw a 0%-100%-61.8% Fibonacci Level to derive the price target of this retracement.
Take note that OCBC has just started a new down trend after breaking down from a Symmetrical Triangle. There may be a swing trade opportunity if a down trend channel is formed. Price target of this Symmetrical Triangle breakout is $8.85. Good luck!
Original post by Marubozu My Stock Investing Journey
