dimpledbrain

1. 1 day after I posted bearish outlook for REIT, the central bank slashed rate by 25 basis points.
2. This will temporarily boost up Reits/ Propert counters while banking/ finance will be negatively impacted
3. My view on REITs remains until the chart tells me otherwise.
4. This is interesting – let’s see what happens next.
5. Will be following this closely
6. This is also a good opportunity to test whether chart makes sense or not
7. 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