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AIMS AMP Capital Industrial REIT: Rising MACD.

Wednesday, December 29, 2010

The MACD on this chart has stopped declining.  In fact, it seems to be rising gently, forming higher lows. Higher lows were spotted earlier on in the MFI which suggests firm underlying demand.


The rising 200dMA is at 21c and this, in my opinion, would provide very strong support. Immediate support is at 21.5c while immediate resistance is at 22c.  The downtrend line connecting the highs of 17 Sep and 19 Nov suggests that strong resistance is to be found at 22.5c in the current timeframe.

A quick check on the weekly chart confirms strong support to be at 21c and that the longer term trend is up. I bought more today at 22c and would continue to accummulate on weakness.

Related post:
AIMS AMP Capital Industrial REIT: High yield with limited downside.

2 comments:

Dagmar said...

Hi AK,
A much delayed message of thanks. For all the valuable sharing and detailed analysis. I never fail to check your site everyday for updates.

I am reaching mid 30s, father of 2 adorable sons, I have kickstarted passive income generation mainly via stock dividends (heavy on REITs) many years ago. I am very much encouraged that another like-minded investor like yourself is on the same journey as I am. Your selfless sharing has further sharpened and educated me on evaluation of REITs and also improved my TA (technical analysis).

Thks again and keep up the wonderful sharing and analysis !

AK71 said...

Hi Dagmar,

I am glad that you find my blog helpful. I am just sharing my little ideas and thought processes.

I will continue blogging as long as I find it rewarding (in more ways than one) to do so.

I look forward to hearing from you again. Have a Happy New Year! :)

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