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

Sabana REIT: Positive divergence.

Monday, April 4, 2011

In an earlier blog post, I mentioned that we should "Keep an eye on the MACD and see if a higher low forms as price forms a lower low. We are on the lookout for a potential positive divergence." A higher low has formed in the MACD and we have a positive divergence.

The formation of a positive divergence does not mean that the unit price is going to fly higher right away. A significant resistance presented by the declining 20dMA at 94c would have to be cleared first. Drawing a Fibo fan, it is also interesting to note that price is currently at the 23.6% Fibo fan line. This is not one of the three golden ratios and is a weaker resistance but it is a resistance nonetheless.

Overcoming immediate resistance at 94c would see price going higher. Long suffering unitholders of this underperforming REIT could have a respite soon if this should be the case. Good luck.

Related post:
Sabana REIT: Initiated long position.


Monthly Popular Posts

Bloggy Award