$FTSE ST All-Share Real Estate Investment Trusts Index(FSTAS351020.IN) is currently trading within a range between 625 and 660. At the same time, the REIT index is forming an Invested Head and Shoulder with 200D SMA as neckline resistance.
Look out for breakout catalysts:
(1) Huge improvement in DPU payout in the next quarter earning release.
(2) An Interest Rate Cut by US Fed
(3) Plunge in US 10 Years Risk Free Rate
$CSOP iEdge SREIT ETF S$(SRT.SI) $CSOP iEdge SREIT ETF US$(SRU.SI) $LION-PHILLIP S-REIT(CLR.SI)
For Trading - No Trend (Hold)
For Long Term Investing - Accumulate in Stages
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