Trading Strategy: Short Call Spread 100/110
MON Chart
MON Fundamental
FTSE ST Real Estate is showing a Elliott Wave pattern. Currently the index is trading in a Wave B. Wave C (bearish wave) will start if the index break the support of 733.5. It is important to monitor the FTSE ST Real Estate Index because we can detect whether there is any strength or weakness in property counters to plan our trade.
Analysis by Marubozu https://mystocksinvesting.com
If the sector is weak, we can look for the Top 10 components stock to short by looking at the individual stock chart.
Look at Hongkong Land’s chart and you can see the weakness of the stock. The stock is trading in a down trend channel.
Although Global Logistic Properties (GLP) is still on uptrend but be cautious that a Head and Shoulders may be in formation.
Capitaland’s chart is bearish and trading in down trend.
Technically Singapore REITs enter bear market because FTSE S-REIT Index has dropped below 200D SMA. Current FTSE S-REIT Index is 761.62 and trading in a down trend channel.
Compare to last month SREIT comparison table:
Doing Fundamental Analysis of Singapore REIT is relatively easier than stock. If you are interested to learn how to do research on Singapore REIT and also time the entry / exit by learning the simple Trend Analysis, you may want to check out my next public tutorial “How to pick Singapore REIT for Dividend Investing” .