Still interested in Malaysia Reits

I found that my recent post of Malaysia Reits drawn the most view page in the recent months. Seems like a lot of silent audience has very keen interest on the REITS that they have bought.

3 months ago (End/June), one of my colleague ask me about what Malaysia stock he should invest in. He is at the age of 50s, he told me he had some money but he wanted to invest in a more secure investment. He actually interested in stocks. I told him, if you dont know much about TA, then you should be investing based on FA. But investing based on FA is a bit tricky as some VERY GOOD FA company share price did not go up instead they are going down or flat. So, in order to have some patience, I told him, I did put some money in REITS for long term purposes. And the 1 things that keeps me going is the dividend (near to guaranteed of around 5~6%). That time I told him about Sunreit and IGBReit that I invested but mentioned HEKTAR gives better dividend (around 7~8%). Then time flies, around Sept,  he see those REITS getting lower and lower, he talk to me again and he mentioned he yet to buy. He told me he worried things may get lower ? I just mention to him this is the best time , SUNREIT was trading around 1.28~1.30. I told him you must implant the courage and strategy, if things go lower, average down using the dollar cost averaging strategy. In the end I think he didnt buy also.

Okay, thats the story part, lets see how M-REITS is performing. They are resisted by 200MA twice and now reversing, if they found a support and form a  HIGHER LOW and and RSI is at oversold. I believe thats the time to enter some position, for me, I will average up/down on my SUNREITS. Currently my cost stood at 1.39 if I were to include all the dividend, it stood around 1.34.

M-REITS seems to me there is a chance of forming a "W" shape reversal or Uptrend line. Anyway, REITS are very slow. So, in order for the shape to form, they may take another month or so. Lets see by then.