A nice breakout of $1.90 coupled with high volume that would likely drive the price higher towards $2.00 then $2.10 with extension to $2.20.
Result will be out on 30 April morning, all eyes will be closely monitored how much DPU they are going to payout! If DPU drop more than 50% then can expect to see a reverse in price action.
Not a call to buy or sell.
Pls dyodd.
Looks like she has found her bottom and bounce off nicely from $1.49 to trade higher at $1.77 level, looks positive!
Short term wise, I think a nice breakout of the recent high of $1.84 would likely bring the price higher towards 1.90 then $2.00.
I think once the current market sentiment improve,she would likely be trading above $2.00.
NAV $2.105.
Lets say DPU drop to 11 cents from 12.2 cents , yield is about 6.2% for this blue chips reit counter, looks quite attractive!
Not a call to buy or sell.
Pls dyodd.
No comments:
Post a Comment