Malaysia's REITS follow-up

Its been a while since I follow-up on REITS. Those who have been following my blogs, knows that I'm holding some SunReit , IGBReit & CMMT. Since 26/Jun/2013, the reits have confirmed started going downtrend. Well, since I have been buying REITS as my long term investment, I didnt pay much attention on them in terms of their charts. When I say long term, I meant around 3~5 years. Well, as long as their fundamentals are intact, there is no point to do anything since I buying as a dividend play stock.

I plot a REITS index from selected 5 big REITS (IGBREIT, SUNREIT, CMMT, PAVREIT & AXREIT). One can see, there are still in a short term downtrend, and next 2 weeks will be critical in order for them not to fall into a medium term downtrend.

Lets see, after raya, how they goes. If they rebound as per my target, I may do
a swap IGBREIt into CMMT or SunReit to reduce my diversification (or some expert say diworsification, haha). I want to spend lesser time so I cound be more focus.

If they goes down further, I would do some dollar cost averaging, this will help bring down my average price.
I wont cut loss on my Value Invest Long Term Stocks, as there are not much fundamental change on these stocks. So, I have to stay tune and brave thru the downtrend.

As always caveat emptor.
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IGBREIT follow-up

She is really a laggard among her peers like SUNREIT & CMMT.
I enter at 1.38 a wait till today only she's breaking even. If you check back Sunreit & CMMT charts,
they pull back a few days and then fly off and never look back.

Let have a look on her chart, she takes 10 attempt to test 1.35 before she able to break out from this
resistance. Indeed after she has broken out , today a big fish was bombarding her with 5000 lots for around
8 times and she still able to stay firm and still close up 2 sen.

If history is to repeat, now she only tried 3 at 1.38, I may need to wait another 2 months before I can see
her at 1.43. Hopefully, those who want to sell will sell it at 1.38 and let her continue her uptrend climb.
TA point of view, MACD has climb above zero line which is good. %K(5d) has reset some oversold yesterday, lets see how she goes about in the next few days. Volume is diminishing, not a good sign, anyway,
I still think REIT is still a good proxy for fund managers to park their fund while anticipating the big correction during the GE period.

20Dec2012 -REITS review

Well, tomorrow will be Doomsday .....21Dec2012 according to the Mayan Calender. We are 1.5 hours away for this date, and time is ticking. Hmm....not many believe this but more people is believing there will be a blackout for 3 days, the effect of this day. Well, if tomorrow is the last day, I still got a lot of things in my life that I haven't try or enjoy, haha. No choice, tomorrow still got to work.

Lets see, CMMT have been going short term down trend for 7 weeks, and today seems like a rebound and broke the immediate downtrend line with some volume. Seeing the bullish divergence show by MACD histo, she strongly indicates that she will climb to her 1st resistance. This resistance is quite a strong one, she really need a good volume especially those big fish to push her through before she able to re-challenge her previous intraday high of 1.98.

Lets see how she goes. Btw today is an up day for Sunreit and IGBReits also. Sunreit broke out from her Symmetrical triangle with a good volume. Stochastic still climbing (Smooth %D yet to touch overbought). MACD histo turn Green. MACD has bullish crossover the centre line.

For IGBReit, nothing much exciting. The only positive thing is 5MA has stayed above 20MA. When you compare this reit with the two above, she really disappoint in terms of performance since her IPO launch. Lets see, she will show some strength in coming weeks. I believe if she able to break 1.35 convincingly with good volume, she will propel with a "V" shape as like those good Fundamentals IPOs. Time will tell.