Monday, 25 June 2018
First Reit: 25 June 2018, Monday, 9.36am Singapore Time
25 June 2018, Monday, 9.36am Singapore Time
(Click on Technical Chart above to Expand)
Attached is the Technicals for First Reit. The volume flow for First Reit is terrible, ugly and horribly bearish. In line with my bearishness on US Treasury Bonds, USD and Reits and Trusts worldwide for the next 3 years, Reits and Trusts are an asset class to get out. First Reit has refused to bounce off the moving average bands now. While risk-on asset classes, i.e. stocks and equities, prepare to end correction and resume bull market, Reits and Trusts are preparing to super plunge worldwide. I expect First Reit to sell off with high volume and plunge to multi-year lows based on technicals.
Past REITS and Trust Analyses: