Saizen REIT: Still accumulating

I am back in Singapore.  It's nice to have access to the internet without paying more.  It's also nice to be surfing the net with my big LCD screen.  Happy!

My overnight buy queue for Saizen REIT at 16c was filled today.  I would have liked to buy at 15.5c and I still have a queue at that price level.  However, I rationalised that it's only 0.5c.  No big deal.  I am still some way from the target I've set for myself in terms of the number of Saizen REIT units I want to have in my portfolio.  I'll buy in slowly at 16c.  If Saizen REIT does not revisit 15.5c, I would still be accumulating.

Saizen REIT's price action formed a graveston doji today.  I won't be too worried since there was only one trade done at 16.5c and only 7 lots were transacted.  16.5c is now resistance provided by the rising 20dMA.  The flat 100dMA provides support at 15c.  With the MFI forming a higher low, it shows the buying momentum, though weakened, is very much alive.