United Hampshire US REIT (ODBU) has cleared a major technical hurdle, breaking out of a multi-month Symmetrical Triangle pattern. The REIT is currently trading at its 52-week high of US$0.530, riding a bullish wave above its key moving averages.
With the 20-day MA (US$0.512) and 50-day MA (US$0.505) trending upwards, the technical backdrop is increasingly supportive. Fundamentally, the stock remains attractive, offering a distribution yield of ~8.0% and trading at an undervalued P/NAV of 0.71x.
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Support: Immediate floor at US$0.510 (breakout zone).
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Resistance: Immediate hurdle at US$0.540; analyst price targets extend to US$0.70.
With the FY2025 results release approaching following the January 12 notification, watch for sustained volume to validate the next leg up.
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