Expiry:
in 29 days
Entry Price:
$$0.78
Target Price
$0.80 (+2.43%)
NOW:
$0.78
The Lion-Phillip S-REIT ETF (SGX: CLR) is an exchange-traded fund that aims to reflect the performance of the Morningstar Singapore REIT Yield Focus Index. The index comprises Singapore-listed REITs, with larger weightings typically allocated to names such as CapitaLand Integrated Commercial Trust, Mapletree Logistics Trust, and Frasers Centrepoint Trust.
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Historical dividend yield in the range of approximately 5% to 6%, depending on market conditions and the distributions of its underlying holdings.
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Technical Analysis
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- Chart Formation:
Price action is showing signs of a possible inverted head and shoulders pattern, which is typically a bullish reversal formation - Current Support and Resistance:
Immediate support lies around S$0.763โ0.776, where the right shoulder appears to be forming.
Overhead resistance levels are noted at S$0.798 and S$0.815. - Pattern Implication:
A sustained move above S$0.798, with increased volume, may confirm the reversal pattern and open up the potential to test S$0.815 next. - Volume Observation:
A spike in volume during the recent bounce could indicate growing interest at the current support zone.
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