The A-REITS sector has emerged as a negative sector theme from a technical perspective
Angela Mangan
QMG Pty Ltd
The A-REITS sector has emerged as a negative sector theme from a technical perspective. Over recent days there has been a heavy concentration of technical sell signals generated in the A-REITS sector - GPT, MGR, SGP, GMG. When key stocks in a sector generate sell signals in a cluster, it is a negative technical indicator for the sector outlook. (The previous occasion that A-REIT technical signals were generated in a cluster was in the early months of calendar 2014, when the major A-REITS generated technical BUY signals. A major rally in that sector followed)
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
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Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
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