Stock with Momentum: Manulife US REIT

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

In this article, we delve into Manulife US Real Estate Investment Trust (MUST) (SGX: BTOU), whose price action has resumed its uptrend and is in its early stages.

Key highlights from the technical report:

Manulife US REIT

Market Position: MUST is currently considered a ‘technical buy’. The stock has formed a series of higher highs and lows, with volume returning to a healthy expansion.

Entry Prices and Support Levels: Recommended entry points are at US$0.095, US$0.080, and US$0.075, with established support levels at US$0.090 and US$0.070.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at US$0.064. Identified resistance levels are at US$0.105 and US$0.130.

Target Prices: Set at US$0.110, US$0.130, US$0.160, and US$0.200.

Company Overview: MUST’s portfolio comprises of 10 office properties in the United States. The Manager of MUST is wholly owned by the Sponsor, The Manufacturers Life Insurance Company (Manulife), which is part of the Manulife Group.

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.