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