In December last year, I posted that REITs are sufficiently attractive after a retracement of 50-60% (here). In addition, I feel that some REITs came very close to its NAV and their yields were pretty decent. Since then, the three REITs that I highlighted - SUNREIT, CMMT & PAVREIT - had rebounded off the low. Now, all 3 REITs look like they had formed a base and from here they could continue to their recovery. As such, any weakness could be a buying opportunity for those with a long-term investment horizon.
Chart 1: SUNREIT's weekly chart as at Mar 14, 2014 (Source: Tradesignum)
Chart 2: PAVREIT's weekly chart as at Mar 14, 2014 (Source: Tradesignum)
Chart 3: CMMT's weekly chart as at Mar 14, 2014 (Source: Tradesignum)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, CMMT, PAVREIT & SUNREIT.
1 comment:
Morning Alex,
Yeelee broke 1.50 with high volume.
What's the next resistance point?
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