𝐅𝐓𝐒𝐄 𝐒𝐓 𝐀𝐥𝐥-𝐒𝐡𝐚𝐫𝐞 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐓𝐫𝐮𝐬𝐭𝐬 (𝐑𝐄𝐈𝐓𝐬) 𝐈𝐧𝐝𝐞𝐱'𝐬 𝐫𝐞𝐜𝐞𝐧𝐭 𝐩𝐫𝐢𝐜𝐞 𝐚𝐜𝐭𝐢𝐨𝐧 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐬𝐢𝐠𝐧𝐚𝐥𝐬

𝑲𝒆𝒚 𝒐𝒃𝒔𝒆𝒓𝒗𝒂𝒕𝒊𝒐𝒏𝒔: Downtrend and Base Formation: The index experienced a clear downtrend until late 2023, followed by a period of sideways consolidation. This is visualized by the series of lower lows and lower highs, which started to stabilize as we moved into 2024.

𝑰𝒏𝒗𝒆𝒓𝒕𝒆𝒅 𝑯𝒆𝒂𝒅 𝒂𝒏𝒅 𝑺𝒉𝒐𝒖𝒍𝒅𝒆𝒓𝒔 𝑷𝒂𝒕𝒕𝒆𝒓𝒏: Highlighted in the lower right section of the chart, there is an annotated inverted head and shoulders formation—a classic bullish reversal pattern. The left shoulder, head, and right shoulder are clearly marked, with the neckline (around the 2000 SMA) acting as a resistance level.

𝑩𝒓𝒆𝒂𝒌𝒐𝒖𝒕 𝑪𝒐𝒏𝒇𝒊𝒓𝒎𝒂𝒕𝒊𝒐𝒏: Recently, the index has broken above the neckline resistance, which is traditionally interpreted as a bullish signal. This breakout implies the potential for further upward momentum, as investors may view this as the end of the prolonged bearish trend.

𝑽𝒐𝒍𝒖𝒎𝒆 𝑪𝒐𝒏𝒔𝒊𝒅𝒆𝒓𝒂𝒕𝒊𝒐𝒏: There is no explicit volume spike at the breakout visible in the chart, but experienced traders would typically want to see an accompanying increase in volume for confirmation of the strength of the move.

𝑹𝒆𝒔𝒊𝒔𝒕𝒂𝒏𝒄𝒆 𝒂𝒏𝒅 𝑺𝒖𝒑𝒑𝒐𝒓𝒕 𝑳𝒆𝒗𝒆𝒍𝒔: The chart marks out clear resistance just below 740 and prominent support near 613. Given the breakout, 613 may continue to act as a key support level, and investors will watch to see if the index challenges the resistance near 740 next.

In summary, the chart depicts a 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐫𝐞𝐯𝐞𝐫𝐬𝐚𝐥 with the 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐝 𝐛𝐫𝐞𝐚𝐤𝐨𝐮𝐭 from a large inverted head and shoulders base, suggesting a bullish outlook for the Singapore REITs sector if the breakout holds and is backed by follow-through volume action. 🐮🐮[Call][Call][Call]

$LION-PHILLIP S-REIT(CLR.SI)$ $CSOP iEdge SREIT ETF S$(SRT.SI)$ $CSOP iEdge SREIT ETF US$(SRU.SI)$

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