Yesterday, I did a writeup on Koufu, where I focused on its historical financial results and dividend payouts, as well as shared some of the catalysts and threats which may impact the business ahead, and whether or not its current share price is considered cheap (or not) based on its current vs. its historical valuations. In case you’ve missed the writeup, you can check it out here.

Today, I’d like to focus on the share price movements of Koufu from a technical analysis perspective. For ease of viewing, all my charts are based on a weekly timeframe.

First, let us take a look at the share price movements of Koufu since its IPO on 18 July 2018:

Koufu’s share price saw a series of up and down movements since its listing – where the highest the share price went was S$0.825 in April 2019. The share price climb to around this range in January 2020 before plunging down to its current share price at S$0.560.

Now, let me identify some of the support and resistance lines, along with uptrend/downtrend lines which I’ve spotted, which you can find in the image below:

As you can see from the image above, the most recent weekly candlestick, along with MACD and RSI suggests that the share price may be heading to the support line at S$0.540.

If you’re looking to invest in the company for the long-term, my personal opinion is that, you can consider investing in the company when the share price comes down to the support line at S$0.540.

However, if you’re looking to short-term trade in this one, or you’re looking to buy only when the trend reverses, you may want to wait for the weekly candlestick to break above the red bearish candlestick at S$0.620, and above the resistance line at S$0.630.

That said, the above is my personal opinion. Please do your own due diligence before you make any investment or trading decisions.

Disclaimer: At the time of writing, I am not a shareholder of Koufu Limited.

REITs vs Banks: Which Investment Delivers More for Income Seekers?

If you thought 2025 was a wild ride for the stock market, wait until you see 2026! With not only the uncertainty of interest rate changes and geopolitical tensions but also a military operation by Israel and the United States against Iran, it's set to be even more turbulent.

So, with all this in mind, which is the better choice for income investors: REITs or banks?

I'm honoured to be re-invited by Dinah Poehlmann from Your Finance Mind for a fireside chat on Zoom this year, where I'll be sharing my insights on this topic.

Join me on Thursday, 19 March 2026, from 8pm to 9pm, as I offer my thoughts and answer any questions you may have.

Best part? Registration is completely free! Secure your spot now through the link below:

👉 Sign Up Now and Mark Your Calendars

 

Are You Worried about Not Having Enough Money for Retirement?

You're not alone. According to the OCBC Financial Wellness Index, only 62% of people in their 20s and 56% of people in their 30s are confident that they will have enough money to retire.

But there is still time to take action. One way to ensure that you have a comfortable retirement is to invest in real estate investment trusts (REITs).

In 'Building Your REIT-irement Portfolio' which I've authored, you will learn everything you need to know to build a successful REIT investment portfolio, including a list of 9 things to look at to determine whether a REIT is worthy of your investment, 1 simple method to help you maximise your returns from your REIT investment, 4 signs of 'red flags' to look out for and what you can do as a shareholder, and more!

You can find out more about the book, and grab your copy (ebook or physical book) here...