First Capital Inc

FCAP remains in a Stage 2 advancing regime with the long-term uptrend intact and medium-term bias bullish. An active Bullish Exhaustion pattern and subsequent pullback have led to consolidation just above the rising 9/21 EMA zone, making current entry unfavorable. Patience for a clear reclaim and acceptance of the EMA support area is warranted before initiating a position.

• ↑Same-property cash NOI grew 6.4% YoY, driven by occupancy gains
• ↑15% year-one lease renewal uplifts, average rent $24.73/sq ft
• ↓Q4 interest expense rose by $42 M amid higher rates