The email address in "Contact AK: Ads and more" above will vanish from November 2018.

PRIVACY POLICY

FAKE ASSI AK71 IN HWZ.

Featured blog.

1M50 CPF millionaire in 2021!

Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...

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.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

4th free "e-book".

Pageviews since Dec'09

34,459,272

Financially free and Facebook free!

Recent Comments

FakeZeroCool commented on 1q 2025 passive income ocbc and alibaba: “Hi AK, thank you for sharing your thoughts. I am new here,…”
Jin_San commented on 1q 2025 passive income ocbc and alibaba: “Dear AK, I enjoyed reading your blogs and YouTube series,…”
Hongjin commented on 1q 2025 passive income ocbc and alibaba: “How do you encourage retail investors who are not equipped…”
mitchell commented on 1q 2025 passive income ocbc and alibaba: “Clct financials getting worse and worse every single year.…”
LZ commented on 1q 2025 passive income ocbc and alibaba: “What DCF do u usually used for Alibaba, AK? i'm using…”
TH commented on srs portfolio in 2024 what did i do: “Hi AK, I have hit the max tax relief of $80k. Does it still…”
HappiSnoey commented on 1q 2025 passive income ocbc and alibaba: “Hi AK, hang in there! It will all pass… ”
fisher commented on 1q 2025 passive income ocbc and alibaba: “Take good care of yourself AK and look forward to happier…”
MPC commented on 1q 2025 passive income ocbc and alibaba: “Hi AK,Previously you mentioned that you may buy ireit at…”
Ss commented on 1q 2025 passive income ocbc and alibaba: “Dear Ak, Thank you for the post, truly appreciate it. Your…”
tzl commented on 1q 2025 passive income ocbc and alibaba: “Made a shopping list waiting to buy various stocks! Pls…”
Shaun commented on sold alibaba for 51 gain: “Hi Ak, I understand you are bullish on Wilmar given how…”
Shaun commented on sold alibaba for 51 gain: “Hi AKI understand you are bullish on Wilmar given how…”
Shaun commented on sold alibaba for 51 gain: “Hi AKI understand you are bullish on Wilmar given how…”
SN commented on sold alibaba for 51 gain: “Hi AK, with ST Engineering up 48% YTD, will you consider…”
Yue commented on 12m53 plan for cpf in 2025: “Hi AK, can I know the reason why you don't transfer all…”

ASSI's Guest bloggers

LMIR: Distribution.

Friday, June 25, 2010


LMIR's volume expanded today as price fell to close at 47c.  Momentum oscillators, MFI and RSI, have formed lower highs and lower lows as the price continued to be resisted by the merged 100d and 200d MAs. I have mentioned a few times before that, of late, LMIR has been rising on weak technicals and, therefore, I would not add to my long position yet.




47c is a many times tested support level, a support level that gave way on 19 May.  At the moment, this support level is underpinned by the rising 20dMA and might be a tad stronger than it was back in May. If 47c gives, the next major support is at 45c.

The MACD has completed its turn down and seems set to form a bearish crossover with the signal line.  If it does this and goes below zero once more, the recent upmove in LMIR's price would be nothing more than a rebound in a downtrend which started in January this year.

I would keep an eye on the momentum oscillators at the same time as they could be predictive if we spot divergences. I still like this REIT's fundamentals and will wait for a more opportune time to load up.

0 comments:


Monthly Popular Blog Posts

All time ASSI most popular!

 
 
Bloggy Award