NikkoAM STC Asia Reit - 27 Sep 2024

What does this stock chart says?

Bulls running for 6 weeks.  Any technical correction is a good chance to piggy back the positive sentiment.   Ride till it breaks, don't think too hard.

NikkoAM STC Asia Reit - 26 Jan 2024

Red Alert!

Robo detected that SG Reits are turning bearish.  

NikkoAM-STC Asia REIT forms bearish "Head and Shoulders Top" chart pattern
Jan 26, 2024

Trading Central has detected a "Head and Shoulders Top" chart pattern formed on NikkoAM-STC Asia REIT (CFA:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 0.810 to the range of 0.770 - 0.780. The pattern formed over 34 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price seems to have reached the end of a period of "distribution" at the top of a major uptrend; the break down through support signals a reversal to a new downtrend.

The Head and Shoulders Top is created by three successive rallies in the price following a significant uptrend. The highest high (head) is in the middle, flanked by two lower highs (shoulders) at roughly the same level. Volume is highest as the price makes the first two rallies, then diminishes through the right shoulder. Finally volume surges as the price closes below the neckline (drawn between the two lows) to confirm the reversal.

This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

NikkoAM STC Asia Reit - Technical Rebound

What does this stock chart says?

Still in technical rebound.  

SGS T-Bills, SSB rates are turning down.  If FED stop raising interest rate, Reits might make a come back as valuation are better now.

NikkoAM STC Asia Reit - 15 Jan 2021

NikkoAM  STC Asia Reit chart shows a mini uptrend.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

NikkoAM STC Asia Reit - 08 Jan 2021

NikkoAM  STC Asia Reit chart show that most reits are moving sideways.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

NikkoAM STC Asia Reit - Stagnant Price

NikkoAM  STC Asia Reit ETF (CFA) - price stagnant, seem most reits are at full value.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

NikkoAM STC Asia Reit (CFA) - Tight Sideways Movement

NikkoAM  STC Asia Reit more for as a dividends ETF.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

NikkoAM STC Asia Reit - Bulls Attempting to Fight Bears

NikkoAM  STC Asia Reit - the bulls are trying hard to breakout.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

STI ETF versus NikkoAM STC Asia Reit

NikkoAM STC Asia Reit perform slightly better than dollar cost averaging the STI ETF.  Time to change your monthly regular investment plan.  :-)

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

NikkoAM STC Asia Reit - Bullish Symmetrical Continuation Triangle

NikkoAM-STC Asia REIT forms bullish "Symmetrical Continuation Triangle" chart pattern
Jul 03, 2020

Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on NikkoAM-STC Asia REIT (CFA:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 1.115 to the range of 1.240 - 1.260. The pattern formed over 17 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.


This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

NikkoAM STC Asia Reit - Line of Support

NikkoAM  STC Asia Reit is like our reit index, all reaching the critical support lines.

Many stocks and reits are at support lines, are they ready to bounce back in the coming weeks?

We only need to make three decisions, buy, hold or sell but damn difficult right.

NikkoAM STC Asia Reit - Resuming its Favour

Reits resuming its favour by smart monies after a short sell off.