The email address in "Contact AK: Ads and more" above will vanish from November 2018.

PRIVACY POLICY

FAKE ASSI AK71 IN HWZ.

Featured blog.

1M50 CPF millionaire in 2021!

Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

4th free "e-book".

Pageviews since Dec'09

Financially free and Facebook free!

Recent Comments

ASSI's Guest bloggers

AIMS AMP Capital Industrial REIT: Stable.

Friday, June 25, 2010

Although the momentum oscillators have been forming lower highs and lower lows of late which is similar to LMIR's case, the OBV here shows a clear trend of accumulation. This has been the case since early March this year.  This is probably the reason for this REIT's relative price stability.  Everytime its price falls close to the long term support of its range, smart money would move in to accumulate.




I mentioned before that if the MFI continues to decline while the price remains at or above the 21.5c resistance turned support, it would be good news for the bulls.  Why? In the absence of positive buying momentum, if the price is able to stay up, it shows a lack of sellers as well.  When positive buying momentum returns once more, chances are higher, therefore, that price would be pushed up in such an instance.

Both the MACD and the signal line are rising above zero.  However, as price is technically still rangebound, this does not say anything more than the fact that momentum has returned to positive territory.

The 20dMA has completed a golden cross with the 50dMA today while the Bollinger bands continue to tighten. I liken this to the coiling up of a spring as price gets ready to move in either one direction. It might or might not be positive. We will have to wait and see.

0 comments:


Monthly Popular Blog Posts

All time ASSI most popular!

 
 
Bloggy Award