Tea with AK71: Love the plants.

This was taken at a Chinese dessert place at Vivo City. I guess the shop owner must be either a humorous guy or he got quite tired of having to replace the plants! Be kind to plants!

Saizen REIT: Steady.

I have not been doing much TA on Saizen REIT and some readers are worried. OK, let me do an update.

Saizen REIT has settled into a tight trading range. All the daily MAs are within close proximity of each other. The technicals are benign. MFI is forming higher lows and higher highs. OBV shows some accumulation.

Look at the weekly chart and the picture is more exciting. 20wMA has flatlined. The 50wMA continues to rise which reduces the capping pressure on upward price movement. The 100wMA continues to rise strongly and this limits further downside and could also provide a push to the unit price.

The MACD is poised to cross over into positive territory. The higher lows on the MFI are equally obvious on the weekly chart. All technicals point to an improvement in longer term sentiments.

Things could only get better in time.

Here is a link contributed by a reader, DP:
Japanese property market on the rise.
Click on Listen:Windows Media for a radio broadcast which we could listen to as well.

Related post:
Saizen REIT: Insider buying continues.