The Reits/Trusts will rebound after flushing out the weak holders. There are more rate cuts upcoming in Nov/Dec and next year. The stocks will rise. USD has dropped against asian currencies and it shows that money is out of US market and flowing. to Asia markets. Just need to be patient and wait out
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Tamages : Shake out the weak hands… party just started.![dragon 🐉](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f409.png)
Don’t expect going up straight line…some pull back going up is much more healthier.
Deep Sea OP Tamages : Agreed![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
104280396 : Thks 4 t insight. Any indication on Support lvl to pickup. Worried it will go below 1.40
Deep Sea OP 104280396 : Mapletree reits are not overbought and upside from 1.3x to 1.4x is not a lot actually. I think it will stay above 1.40.
RenenoMirai : Meaning it’s due to all the short term traders sold off?
Deep Sea OP RenenoMirai : Due to short term traders sold off and short selling by short sellers.