Cache Logistics Trust: Mixed signals.

Cache Logistics Trust's price action formed a hangman today, not a bullish signal, surely. However, closing at 94c is bullish since it is beyond the trend resistance. So, is the downtrend broken? It would seem so.

The momentum oscillators are encouraging and are still trending upwards with higher lows. A continuation of the upward movement would see immediate resistance at 96c which would be a good price to divest perhaps partially for a quick trade. Price could even touch 97c if sentiments are very bullish.

Related post:
Cache Logistics Trust and CapitaMalls Asia.