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Sunday, September 20, 2020

ParkwayLife Reit

 Chart wise, we had witnessed the overly extended price to rise higher to touch the high of $4.52 and succumbed to profit taking to close lower at $4.29. This rejection coupled with super high volume might be a tell tale sign for us to get out or locked in profit.

Short term wise, I think we may likely see a retracement happening soon!




It may continue to rise after the short pause but we can never know what could happen after that.

Yield is getting lowered each day at 3.1% , P/B of 2.129x seem highly overpriced!

For investing, I would patiently wait for the correction to take place before making any actions.

Not a call to buy or sell.

Pls dyodd.



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