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Saturday, September 19, 2020

Mapletree Industrial Trust

 Chart wise, looks bullish!

Keep trending higher! But yield is getting lower each day.

Yield is about 3.46%.

P/B is 1.975 almost 2x.

Valuation wise is likely over stretched!

Short term wise, I think she may move up to retest $3.20 level.

Breaking out plus high volume that may likely see further upwards movements!

For Investing, I think it might be good to wait for the retracement/correction to trigger than decide to take further action.

Investing is also voiced down to getting the good entry point plus reasonable yield of min 5% for the famous reits.

Not a call to buy or sell.

Pls dyodd.

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