Do online contribution to Medisave and get $88 Ang Bao.

"For those under 65, the Basic Healthcare Sum next year will be S$54,500, up from S$52,000 previously, the authorities said." Sou...

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.


"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09


Recent Comments

ASSI's Guest bloggers

MIIF: Breakout.

Thursday, September 2, 2010

There was a sudden rush to accumulate units in MIIF today as volume expanded and price touched a high of 56.5c before closing at 55.5c.  The many times tested resistance of 53c could possibly be the new support. This needs confirmation.  In case of a breakdown, the 50dMA would be a crucial MA to watch as it served as support very nicely before pushing the price up.

The MACD which was declining until two sessions ago has turned up, completing a bullish crossover. A rising MFI with higher lows shows rising demand and a rising OBV shows accumulation. None of the momentum oscillators are overbought and we could see price go higher if the volume continues to expand.  We could even see a retest of the 12 months high of 58c.  Good luck to fellow unit holders.


Monthly Popular Posts

Bloggy Award