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FSL Trust formed a white candle in the last session with a respectable expansion in volume. The 20dMA continues rising and seems on track to form a golden cross with the 50dMA in the near future. Although we do not see a buy signal on the MACD histogram, the MACD is, nonetheless, rising in positive territory. The MFI has been rising which suggests a rising demand. The OBV is rising again which suggests continual accumulation.
If price were to stay at 42c in the next session or, in fact, go higher, the resistance provided by the 50dMA would be taken out. The next target is then 43.5c if price does a gap fill which it probably would. Beyond that, a retest of the high of early June at 46c is next.
Related post:
FSL Trust: The skies are clearing up.
Bloggy Award
2 comments:
Hi AK71
been reading your comments on FSL trusts, and also the fact that with Asian shipping improving, NOLs, etc would be in the black and doing much better = improvements in share prices.
Any ideas on how BerlianLaju would fair? Dual listed. Would like to hear some comments on this counter
Hi David,
I have not done any research on Belian Laju before. A good person to ask is JW, the blogmaster of Wealth Buch. His blog is on my blogroll, "Investors and Traders", on the right side, after "Archives". Good luck. :)
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