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

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"E-book" by AK

Second "e-book".

Another free "e-book".

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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?


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