My Views:
STI Outlook
March was a good month.
For those who have tuned in for my 938Fm Live Radio Interview on 13th March, you would have a clear grasp for March – April Market Outlook.
16th – 20th March was a critical week with STI hovering at support 3,357, with a potential small rally or deep correction.
Small rally occurred and is now testing resistance at 3,465. This was mentioned since February Monthly Update, for a consolidation between 3,388– 3,432 with range-bound trading opportunities. Yesterday’s reversal signal was negated.
Going forward,
I expect consolidation in a narrow range or pullback to around 3,414 before continuing its uptrend. I am bullish.
REITs
Starhill Global: Entry Price at $0.815.
SoilBuildBiz: Entry Price at $0.79
AIMSAMP CAP Reit: Entry Price at $1.45
Entry is based on Bullish Signal.
Watchlist
Keppel DC Reit
First Reit
ParkwayLife Reit