Sunday 31 May 2020

Reits - The Breakout

For those who have been braved enough to invest into the Reits counters during the March correction, most would have been at least 20% gain on paper by now. Not all the Reits are the same though, I classified them into 3 categories; the Leaders, Late Blommer and the catching up.

Today, I want to talk about the Late Blommer and they are still under their NAV. Over the last week, a few of these Reits counters made a breakout from their Norm.

Below are the 5 Reits which have broken the resistance and breakout.