Stock with Momentum: OUE REIT

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we delve into OUE Real Estate Investment Trust (REIT) (SGX: TS0U) as the price has moved out of its previous trading range, suggesting a potential upward trend.

Key highlights from the technical report:

OUE REIT

Market Position: OUE REIT is considered a ‘Technical Buy’ with price action showing a higher high and a higher low is in play.

Entry Prices and Support Levels: Recommended entry points for OUE are at S$0.30, S$0.28, and S$0.26, with established support levels at S$0.295 and S$0.255.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.24. Identified resistance levels are at S$0.345 and S$0.390.

Target Prices: Set at S$0.32, S$0.35, S$0.37, and S$0.40.

Company Overview: OUE REIT purchases and develops commercial real estate properties used primarily for hospitality, retail and/or office purposes in financial and business hubs.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum.

Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.