[SG Market] Strong Momentum: Parkway Life REIT
This article will analyze the Biostime Life Trust Fund, whose share price trend shows initial signs of rising.
![[SG Market] Strong Momentum: Parkway Life REIT](https://hawk-oss.hawkinsight.com/hawk/image/20240904/微信图片_20240904100959_295818099_763.jpg)
This article will analyze Parkway Life REIT (SGX: C2PU), whose share price action shows initial signs of an uptrend. Here are the highlights of the technical report:
Parkway Life REIT is a healthcare-focused real estate investment trust (REIT), with a portfolio consisting primarily of income-generating properties and property-related assets used for healthcare and related purposes.
- Market Positioning: Currently considered a "technical buy". The stock has been in an uptrend over the past 10 months, maintaining steady momentum.
- Entry Price & Support Levels: Recommended entry prices are S$3.80, S$3.68 and S$3.53, while support levels are S$3.70 and S$3.51 respectively.
- Stop Loss & Resistance Levels: To protect investment, a stop loss of S$3.38 is recommended. Resistance levels are identified at S$3.88 and S$4.12.
- Target Price: Target prices are set at S$4.05v, S$5.60, S$6.10 and S$7.00.
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