Saizen REIT: Another white candle day

Saizen REIT has another white candle day. The MFI shows buying momentum and is nowhere near overbought but with much lower volume, one would be right to wonder if the upmove would falter. Technically, the longer term downtrend in the MFI has not been broken. This means that the buying momentum over a longer term has yet to pick up substantially. Near term resistance remains at 17c, the previous high. Initial support is now moved up by 0.5c to 15.5c. This provides a fair entry price for anyone waiting to buy in.