𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝟑 𝐒𝐆 𝐑𝐞𝐢𝐭𝐬 𝐭𝐡𝐚𝐭 𝐂𝐚𝐧 𝐒𝐭𝐢𝐥𝐥 𝐇𝐚𝐯𝐞 𝐌𝐨𝐫𝐞 𝐔𝐩𝐬𝐢𝐝𝐞 𝐚𝐧𝐝 𝐖𝐡𝐲. 𝐒𝐲𝐬𝐭𝐞𝐦 𝐑𝐞𝐯𝐞𝐚𝐥𝐞𝐝!

 

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

 

 

 

ParkwayLife Reit: A beneficiary to current virus situation? Price 3.54. Uptrend to continue despite market weakness...

Just about a month ago, we saw ParkwayLife Reit approaching the key 3.30 resistance bullishly..

It has been trading below it for more than 2 months and seems like it was ready to test that level and push higher again..

Moreover, from the trend indicators, it was looking positive too with the uptrend set to continue on more bullish price actions…

We have indeed broke the 3.30 resistance and that was the new support..

See what I mean below…

Clients were informed by WhatsApp too as seen below, first target was to 3.50..

Over the past few weeks, we started to see some profit taking at 3.40 where sellers were quick to defend that higher resistance..

It was pretty much back to some consolidation from 3.30 to 3.40 for about 2 weeks…

But buyers were not letting go either. They were holding on firmly and coming out on dips to push price back above 3.30…

Target to the upside was reiterated with a potential break above the 3.40 level about 2 weeks back…

This was before any escalation of the Wuhan virus which has now affected the world and in global headlines..

Uptrend was still intact as seen  below. Target reiterated to 3.60 as seen below....

Over the past few days, we have seen the 3.40 resistance broke on more confirmed cases of the Wuhan virus in Singapore.

Today, a move above 3.50 psychological level seen also which can see more short term upside.

Uptrend looks intact with 3.50 support holding for now…

This counter can be a beneficiary to current situation as it is in the healthcare sector..

A snippet of what it does and why it is moving up despite the general market being weaker and instead selling off with STI down 83 points now…

“ParkwayLife REIT invests in real estate and real estate-related assets that are used primarily for healthcare and healthcare-related purposes, including hospitals, healthcare facilities, and real estate and real estate assets used for healthcare research, education, and the manufacturing or storage of drugs, medicine, and other healthcare goods and devices.”

Target reiterated upwards further as seen in updated chart below, still watching this counter for now closely and protecting profits while riding....

Want to get ideas like these FASTER by WhatsApp as it happens?

Open a free trading account with Joey and his team here, find out why >>>  http://bit.ly/BeJoeysClient