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The uptrend is intact but it may need a rest

Goola Warden
Goola Warden • 2 min read
The uptrend is intact but it may need a rest
The STI's consolidation is par for the course, and the uptrend is intact. The FTSE Real Estate Index's retreat should be shallow as well
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The FTSE Real Estate Index started its current uptrend after Liberation Day, when it fell to 572 after starting 2025 at 623, just to give an idea of how moribund the property sector had been for - quite a while. Since then, the FTSE Real Estate Index has been on an uptrend. This has not changed. On Feb 27, it closed at 759. However, a temporary consolidation is underway with support appearing at 751.

By then, directional movement indicators would have moved to neutral levels and should be able to turn positive again. This process is likely to take around two weeks. Resistance is at 771 and a break aove this level should materialise this year.

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