FIRST REIT is currently trading sideway in a Rectangle chart pattern.
- Fundamentally FIRST REIT looks great.
- FIRST REIT Valuation overvalue. Price/NAV High = 1.7, Price/NAV = 1.05
- Technically FIRST REIT on long term uptrend (200D SMA is still trending up) but in consolidating mode currently.
- 200D SMA support, Rectangle support and 61.8% Fibonacci Retracement support at $1.17. A good entry level if the support holds.