Monthly Update (May & June)

My Views:

STI Outlook

Resistance 2:            3,550

Resistance 1:             3,473

Support 1:                  3,357

Support 2:                 3,292

Refer to chart.

In 7^th April Outlook,

“I expect consolidation in a narrow range or pullback to around 3,414 before continuing its uptrend. I am bullish.”

Pullback occurred, from 16^th April onward to 3,425 region. We are currently consolidating sideways.

Going forward,

STI has reached another critical point at its support. Monitor closely.

1. STI will consolidate sideways before trending up. – My View.
2. STI will consolidate and breakdown, signalling a potential trend reversal.

REITs

AIMSAMP CAP Reit: Entry Price at $1.46

Mapletree GCC Tr: Entry Price at $1.065

StarhillGbl Reit: Entry Price at $0.85

Far East HTrust: Entry Price at $0.795

Entry on Bullish Signal.

Watchlist

Keppel DC Reit

First Reit

ParkwayLife Reit