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

Financially free and Facebook free!

Recent Comments

ASSI's Guest bloggers

Saizen REIT: "Good" bearish signs

Friday, January 8, 2010

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

Oceanus

Thursday, January 7, 2010

A counter which has been hotly discussed is Oceanus. Personally, I am not vested in this counter but the word "Oceanus" came up a few times when I went through the list of words put into the "search" function in my blog. So, this is a TA of Oceanus for anyone who might be interested.

On 30 Dec 2009, after forming a black spinning top with extremely long legs, usually a strong sign of a possible reversal, Oceanus' price has been sliding down in the last few sessions. The reversal sign was confirmed on 31 Dec 2009 by a sell signal on the MACD. Breaking the 61.8% Fibo line at 41c yesterday and closing below the line today suggest that more downside may follow. Next support level is provided by the 50% Fibo line at 39c which coincides with the rising 20dMA. Rising 50dMA and 100dMA limit further downside at 36c. The short term uptrend is drawn using the color army green and from this, we see that the uptrend is still intact.

However, with the MACD poised to do a bearish crossover, more downside is probable. The risk premium is not as high as it was in the last two trading days of 2009 but waiting for a pullback to stronger support levels might be prudent before accumulating.


Monthly Popular Blog Posts

All time ASSI most popular!

 
 
Bloggy Award