Aims Apac Industrial Reit (SGX:O5RU) is the largest component of my investment portfolio.
It is ranked last in my 10 Best Reits in Singapore.
In my previous post before its 4Q 2020 results announcement, the share price was at $1.13 above the 61.8% Fibonacci retracement level. I mentioned that:
"its 20 days MA is closing in on the 50 days MA. If it crosses, the share price may attempt to reach the next intermediate resistance at $1.25, which is at the 38.2% Fibonacci retracement level."
After announcing a decent set of quarterly results showing muted impact to its business and tenants, and being one of the few Reits to be able to pay out 2 cents dividends, its share price is testing the $1.25 resistance today.
The William%R is near but not yet hit -20 to indicate an oversold condition. Though it is able to stay above the 20 days MA trendline, volume is not...