Sponsored Links

To retire by age 45, start with a plan.

"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged a...

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".

Pageviews since Dec'09

FOLLOW AK ON FACEBOOK.

Recent Comments

ASSI's Guest bloggers

K-REIT: In retreat.

Tuesday, September 28, 2010

The overbought buying momentum in K-REIT was corrected today as the RSI slipped out of overbought territory.  OBV shows that the trend of accumulation is intact and the MFI still shows rather strong demand.  So?  I won't be overly concerned with the selling down.


Immediate support is at $1.26 which is where we find the 20dMA.  Any further selling should find the next support level at $1.22, the top of a consolidation formation and this is also where we find the 50dMA approximating.  If $1.22 should give, which could, of course, happen, the next support is at $1.16.

Related post:
K-REIT: Moving into the next band?

0 comments:

Monthly Popular Posts

 
 
Bloggy Award