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Saizen REIT is in an obvious uptrend channel. The closing in of the 100dMA and 200dMA indicates the formation of a stronger support level at 15c thereabouts. It also suggests a lack of volatility in the longer term. Thin trading volume as price goes sideways usually means more downward bias.
However, given the trend of the longer term MAs, the downside is very limited from current levels. Any upward push in price will meet with initial resistance at 17c and if this is overcome, the recent high of 18c might be tested. I would accumulate on dips.
Please remember that I am investing in Saizen REIT due to its very cheap valuation and potentially high yield. This is not a trade for me and I could hold this for a very long time.
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