AIMS AMP Capital Industrial REIT: Positive divergence.

I am seeing positive divergence in the daily chart. Do you see it? Look at the higher low in the MFI which has just risen out of oversold territory. The upmove could see an immediate target of 21c and it could even test 21.5c before a pull back happens. Good for a trade, perhaps.

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AIMS AMP Capital Industrial REIT: More upside?

CapitaMalls Asia: Low volume retreat.

Although the stock touched a low of $1.57 in the recent sell down, the immediate support is still at $1.60. This is something I established sometime back using Fibo lines. If retested, $1.60 is likely to be a strong support as it has been tested twice since the low of $1.57 and held up successfully on both occasions.

Since the formation of a white spinning top three sessions ago, price has been retreating but on declining volume. The counter is not experiencing a massive sell down but a lack of buyers.

The MACD is rising again and we could be seeing a basing process for the stock. With the MACD still in negative territory, it is still too early to tell if the stock is going to emerge from its downtrend but the worst could be over. Buy more at $1.60 if support holds up? I just might do that.