Update : ParkwayLife Reit - Today I took the opportunity to lock in profit at 3.70 as she is hovering near the resistance at about 3.72. This is also coincidence with the 200 days Moving Average!
Pls dyodd.
I think reit has slowly recovering due to interest rate peaked and paused and the likelihood of 3 rate cut in Y2024. This may augur well for reit!
Nibbled a bit at 3.50.
I think reit reporting season in Jan/Feb 2024, dividend is coming! Nice!
Pls dyodd.
She has managed to bounce-off from 3.40 and is now hovering at 3.47 to 3.51 level looks rather interesting!
Yield is about 4.2% at 3.47.
Today nibbled a bit at 3.47. Last sold off at 3.63(EP 3.50).
Aiming for kopi money as reit has rebounded dus to rate paused on November. If December another rate paused then we may see reit counter rising up further.
Pls dyodd.
She has broken down 3.48 level looks like Bear is in control! We may see further selling down pressure!
Likely to go down to revisit 3.34-3.30....