Parkway Life REIT (SGX: C2PU)
Signs of Potential Accumulation
Parkway Life REIT has exhibited notable price behavior in recent months, with emerging signs suggesting the development of a potential Wyckoff-style accumulation phase. The price structure and volume profile observed on the attached daily chart support this thesis, as the REIT approaches a pivotal technical juncture.
In early 2025, Parkway Life REIT broke above the long-term 750-day moving average with increasing volume and relative strength versus the STI.
A confirmed breakout above the SGD 4.30 level, preferably with a volume surge and relative strength continuation, would validate a Mark Up transition.
📌 Action Plan: Initiate with a modest position at current levels. Increase exposure upon confirmed breakout above resistance. Stop below S$3.75
Disclaimers apply.