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Technical say ASX REITS are overbought While doing my daily search for possible trade options i found that among my many short alerts had a common trait. 5/8 Short alerts were all REITs. Now I'm not saying real estate is gonna crash or to prepare for another 2008 crisis however it appears that most ASX REITs are overvalued from a technical standpoint which opens the idea for a potential short. These stocks will be displayed below along with the bearish indicators aswell 1. Growthpoint Properties Australia (ASX: GOZ) Bearish

by Mikey_Scali

ASX 200 A-REIT INDEX - Birds Eye View - Wave 3 In Progress This chart is very interesting for a few reasons. It basically says that real estate topped in 2007 and has never recovered. Every trick in the book has been thrown at the property market in Australia in an effort to prevent it from collapsing, I would say this is also happening in other countries. Blue Wave 1 started in 2007 and ended in 2009. Blue Wave 2 started in 2009 and ended in February 2020. -According to the waves labelled for Wave 2 you can see on the RSI that Wave C was strong. -

by AriasWave

S&P/ASX 200 A-REIT Index

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