When I blogged about AIMS APAC REIT (AA REIT), formerly AIMS AMP Capital Industrial REIT, last month in April, I said:
“I have not done anything to my investment in AIMS APAC REIT for many years.”
Well, I can’t say that now because I just added to my investment in AA REIT.
I spent a few hours in the last few days reading, crunching some numbers and looking at the chart before deciding to buy some.
The dust seems to have settled for AA REIT at least for now.
Volatility has reduced tremendously and the unit price seems to have found a floor at about $1.15 a unit.
Looking at the chart, the rising 20 days moving average (20d MA) provides immediate support at $1.14 a unit.
However, the 50 days moving average (50d MA) is still declining and is currently at about