Saizen REIT: "Good" bearish signs

Saizen REIT had another black candle day. Sell signal seen on the MACD. The MFI has formed a lower high which indicates that over the longer term, buying momentum has not really picked up. OBV shows only a slight bump up in accumulation activities.

As opined in an earlier post, with the rising 20dMA, the new support level for Saizen REIT is at 15.5c which was a many times tested resistance level. If this breaks, the next support level is at 15c which is supported by a flat 100dMA and a rising 50dMA.

A respite is actually good news for people who believe that Saizen REIT is undervalued and would like to start or continue accumulating. Passive income with high yields: Saizen REIT