A formed channel and another forming Channel.
Divested CapMallAsia yester as a typical channel break. Refering to the beautiful chart, target price at 1.13>1.36>1.59.
What we learnt? Another forming chart of First Reit. Referring to the chart, target price at 0.72>0.78>0.84.
Moreover, adding another jem in my REIT portfolio, China Retail Trust, slightly lower than NAV 1.28 at 1.26, 2011 Div at 6.7%, fast growth in China's malls.
2 comments:
Another similar chart is CapComm, targeting 1.2.
First Reit has reached my target 0.84 today.
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