- 1 day after I posted bearish outlook for REIT, the central bank slashed rate by 25 basis points.
- This will temporarily boost up Reits/ Propert counters while banking/ finance will be negatively impacted
- My view on REITs remains until the chart tells me otherwise.
- This is interesting – let’s see what happens next.
- Will be following this closely
- This is also a good opportunity to test whether chart makes sense or not
- Why I think chart makes sense:
- Collective output by all market participants
- The market is always larger than a single entity
- The weakness or strength developed in the chart is over a period of time
- You can postpone it but you cant prevent it
- I’m penning this down (before the fact unfolds ahead of us) – and you can judge this for yourselves too. (taking into consideration that I could be wrong as well in the process).
https://www.thestar.com.my/business/business-news/2020/01/22/bank-negara-mpc-cuts-opr-by-25bp-to-275
Tags: fbmklci · REITSNo Comments
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