Saizen REIT: Bought more at 16c.

Saizen REIT touched a low of 15.5c today.  As my investment in Saizen REIT is for the long term, I took a look at the weekly chart for clues.

The rising 50wMA is at 15.3c and should be at 15.5c next week. That there is buying interest in this REIT is seen in the higher high formed in the MFI and the upmove in the OBV.  The declining 100wMA should be at 16.5c next week.

Price could remain trapped between the support provided by the 50wMA and the resistance provided by the 100wMA in the near future without affecting the uptrend.

The Bollinger bands are narrowing. A couple of golden crosses seem to be in the works. An impending positive move in price is not an unreasonable expectation and is consistent with the REIT's improving fundamentals. Today, I bought more at 16c.