Many real estate investment trusts (REITs) gapped up strongly yesterday after the shocking surprise of the quantitative easing (QE) decision made by the Federal Reserve as they decided not to have QE tapering (that is, reducing its US$85 billion per month asset purchase programme).
Chart On AIMS AMP Capital Industrial REIT
Firstly, AIMS AMP Capital Industrial REIT (AIMSAMPIREIT) also turned bullish on the news and rose above the 50-day moving average during the day. As the 50-day moving average is typically used as an indicator for mid-term trend, a successful break above this 50-day moving average might mean that this stock can be bullish for the next one to three months.
Secondly, since June 2013 till now, AIMSAMPIREIT has been moving lower in a downtrend channel. However, the downtrend channel has been broken due to the price action this week.
Lastly, the 10-day moving average has been a good short-term indicator for entry and exits points for AIMSAMPIREIT. Investors can consider going long when price is above the 10-day moving average and placing a stop-loss if the price breaks below the 10-day moving average, which currently is around $1.47.
On 26 Sep 2013, Thu (English Seminar)
Sharing on
1) Spore Stocks that are trending upwards that you should take note of
2) How to react to current market situation
3) Spore Stocks that are suitable for short term trading
4) Spore Stocks that You should sell away
Plus we will be providing analysis on your stocks!
Date: Date: 26 Sep 2013, Thu 7pm – 10pm (English Seminar),
1) Spore Stocks that are trending upwards that you should take note of
2) How to react to current market situation
3) Spore Stocks that are suitable for short term trading
4) Spore Stocks that You should sell away
Plus we will be providing analysis on your stocks!
Date: Date: 26 Sep 2013, Thu 7pm – 10pm (English Seminar),
Venue: 141 Cecil Street, Tung Ann Association Building #07-02 S(069541) Tanjong Pagar MRT Exit G, walk straight 80m, opposite the traffic light
