Stock with Momentum: Prime US REIT

January 22, 2025

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

In this article, we highlight Prime US REIT (SGX: OXMU), as its price action indicates a possible bullish continuation.

Key highlights from the technical report:

Prime US REIT

Market Position: Our buy call on Prime US REIT from December 6, 2024, is up over 9% and shows strong bullish signals. We are adding to our ‘technical buy’ due to continued uptrend, resistance break, and increased volume.

Entry Prices and Support Levels: Recommended entry points are at US$0.193, US$0.176, and US$0.150, with an established support level at US$0.141 and US$0.105.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at US$0.138. The identified resistance level is at US$0.210 and US$0.270.

Target Prices: Set at US$0.250, US$0.280, US$0.320, and US$0.410.

Company Overview: Prime US REIT holds stable, income-producing prime office assets, offering investors direct exposure to a portfolio of 13 high-quality Class A freehold office properties strategically located in 12 key US office markets, with a total carrying value of US$1.3 billion.

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

Take advantage of the stock’s 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.

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

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