Over the past few weeks, we have seen weakness in the Singapore market with most of the blue chips like the banks selling down.. 😢
However, there was 1 particular sector that stood out, 🌈
𝐓𝐡𝐞 𝐑𝐄𝐈𝐓𝐒 - (Real Estate Investment Trust)
Of course, NOT ALL the Reits are strong, it depends on which sector they belong to, ie Industrial, Medical etc..
Some recovered faster while MOST are STILL weak honestly..
We had spotted the 𝐒𝐓𝐑𝐎𝐍𝐆𝐄𝐑 ones few weeks back and in fact there were some 𝐮𝐩𝐬𝐢𝐝𝐞 𝐭𝐚𝐫𝐠𝐞𝐭𝐬 drawn. ️🎯️🎯
Joey here, Top Tier Remisier in Phillip Securities.
Check out the 3 SG Reits that are still in my watchlist and why perhaps you can look at them too.
The 𝐮𝐩𝐭𝐫𝐞𝐧𝐝 for all 3 of them looks intact for now, 📈
as long as some of the key support levels as mentioned in the video are holding.
We may push higher in the short term but also take note of where we can potentially see profit taking come back again.
More importantly, we have had some 𝐁𝐔𝐋𝐋𝐈𝐒𝐇 𝐄𝐍𝐓𝐑𝐘 𝐒𝐈𝐆𝐍𝐀𝐋𝐒 𝐟𝐫𝐨𝐦 𝐦𝐲 𝐒𝐲𝐬𝐭𝐞𝐦 and there are No Exits yet. 😅👀
Watch all the way to the end to see what I mean >> https://youtu.be/efs8xc7O6do
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