FIRST REIT: Consolidating in a Rectangle

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FIRST REIT is currently trading sideway in a Rectangle chart pattern.

2014Nov21-FirstREIT-800x600

  • 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.

See Singapore REIT Fundamental Analysis comparison table here.

 

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