Friday, January 13, 2012

First REIT: Resistance and supports.

First REIT has been very resilient. It is probably one of the better performers in my portfolio as well. A great investment for income.

However, investing for income does not mean that we cannot trade S-REITs from time to time especially if they remain range bound and somewhat predictable.



In the case of First REIT, if we look at the weekly chart, it is caught between the 50w and the 20w MAs