Potential entry setup for First Reit

First Reit (AW9U.SI) is a potential entry using one of my favorite setups.

One of my favorite buy setups is the use the weekly chart together with slow Stochastics. When it makes a “hook” in the oversold zone, its time to consider entering, as it may be low enough. For higher probability, combine it with candlesticks reversal pattern.


  1. The weekly candle is not complete as the week has not ended yet.
  2. First Reit is in the resilient Healthcare sector.
  3. Their WALE (Weighted Average Lease Expiry) is 11 years.
  4. Although their properties are mostly in Indonesia, they are collecting rental in SGD in Indonesia. So no forex risk.
  5. The yield is 6.35% at the current price.

If you are not sure how to buy low using slow stochastics, please contact me.

  • I'm a remisier with Maybank Kim Eng, and as a bonds and REITs investor myself, I guide my clients to build resilient bonds and REITs portfolios. If you like to be guided, please contact me regarding how to become my client; It's free!
  • WealthLions is my blog where I journal my trading ideas and share my opinions about the markets. If you like to be kept posted of my new blog posts and events, please subscribe to my mailing list. No spam, I promise.