A closer look at QCAPITA's daily chart revealed that its price peaked at RM2.00 on May 14th & has been trending lower before hitting a low of RM1.11 in early part of November. QCAPITA appears to have broke above its downtrend line at RM1.15 on November 11th. The 10-day SMA is poised to cut above the 20-day SMA in the next day or so. With these, QCAPITA is likely to have made a bottom and it may move sideway for a period of time before making its next upleg. The catalyst for the next upleg could be the announcement of new acquisition of properties (such as those highlighted by the above Business Times report). Buying this REIT at RM1.15-1.20 is a relatively safe entry to well-managed REIT.
Chart: QCAPITA's daily chart as at November 16 (courtesy of Quickcharts)