Kaplan Higher Education Institute

Kaplan Higher Education Institute, one of the preferred private education institutions in Singapore, partners Northumbria University from the UK.

Northumbria University is one of the largest and most comprehensive UK education providers in Asia.

This partnership brings to Singapore a wide variety of Direct Honours and Masters programmes. These programmes are mainly assignment based and can be complete in just 16 months!

If you are thinking of furthering your studies, you can now get a study grant should you present the completed maze available islandwide (a print out can be obtained from the website) to their consultants.

Give it a go and you might just get yourself a study grant:
http://sg.churpchurp.com/AK71SG/share/kaplangame

First REIT: Resistance and supports.

First REIT has been very resilient. It is probably one of the better performers in my portfolio as well. A great investment for income.

However, investing for income does not mean that we cannot trade S-REITs from time to time especially if they remain range bound and somewhat predictable.

In the case of First REIT, if we look at the weekly chart, it is caught between the 50w and the 20w MAs. Immediate resistance is at 77.5c while immediate support is at 76.5c. Breaking immediate resistance could see 79.5c tested next while breaking immediate support could see 74.5c tested.

Now, which way would it go? My take? In the short term, price could go higher. Why?

Looking at the daily chart, we see the MACD just crossing into positive territory while the MFI overcame the 50% line which acted as resistance. The MFI continues to move higher.

However, the formation of a dragonfly doji on a day of relatively high volume suggests that selling pressure at 77c remains formidable. The longer it successfully prevents price from closing higher, the stronger it becomes as resistance.

Why does resistance at 77c seem so strong? It is the confluence of the 50d, 100d and 200d MAs.