CapitaMallsAsia and First REIT Purchase

Recently I bought 3 counters, FIRST REIT, Silverlake, and CapMallsAsia (CMA). This post will focus on CMA and FIRST REIT, and the simple reasons why I bought it.

The first and foremost reason is that CMA has fallen below it's IPO price of $2.12. While on hindsight, it would have been better to load GLP at $2.11, I went with CMA for the reason above :x

The second reason is more technical. Doing a basic Fibonacci retracement, 1.844 appears to be a nice support. However, I was a little impatient, and went in 3 lots at $1.86, along with 1 lot at $1.85.