Cache Logistics Trust and CapitaMalls Asia.

Cache Logistics Trust: On a day with lower volume, price could not break out of the downtrend. Instead, a doji, suggesting indecision, was formed.

Could we see price overcoming resistance and test the merged 50d and 100d MAs at 96c? Although the positive divergences are plain to see, we need volume to expand on any move upwards in order to overcome the trend resistance. Immediate support is at 92.5c in case of a pull back.

JP Morgan reduced its holdings on 15 March from 6.97 % To 5.83 % (44,210,000 units to 37,032,000 units).  That's a reduction of 7,178 lots. That was the day the trust touched 91c.

CapitaMalls Asia: No breakout today which obviously means that the downtrend is intact. Immediate support is at $1.66. If that were to break, keep an eye on $1.57. If it were to be retested intact on lower volume, it would be bullish.

A breakout would see immediate resistance at $1.75, $1.78 and, ultimately, $1.83.

Related posts:
Cache Logistics Trust: Positive divergences.
CapitaMalls Asia: At resistance.

Saizen REIT: Stabilising.

Congratulations to fellow unitholders who did not panic and sell at 13c. It does seem as if things are improving at the Fukushima plant and let us hope that things would continue to improve.

The management has yet to report on the final property in Sendai, Royal Hills Katagiri, which has not been visited. If the research by a reader, Data, which says that this property is located only 2km from the coast of Sendai is correct, it could cost a lot of money to repair the building, if at all possible. This property is 0.6% of the REIT's NAV and contributes to 0.4% of the REIT's annual income. So, the impact is not likely to be great even if it were to be written off.

Technically, there is still a chance that the counter could attempt a gap close at 15c and for people waiting to reduce exposure or to cut loss, 15c is still a preferred price compared to 13c or, indeed, 12.5c at the height of the panic selling last week.

Insider buying:
Beagle Capital Limited bought 20 lots of Saizen REIT warrants at 5c per warrant on 18 March.
Beagle Capital Limited bought 900 lots of Saizen REIT units at 13.72c per unit on 18 March.
Argyle Street Management Holdings Limited bought 150 lots of Saizen REIT units at 13.3c per unit on 18 March.

Related post:
Saizen REIT: Insider continues to buy as price recovers.