Cache Logistics Trust: Partial divestment at 98c.

On 29 August, I blogged about partially divesting my investment in Cache Logistics Trust as the gap was filled at 96c. Today, my overnight sell order at 98c was filled.

After the gap at 97.5c was filled on 1 September, the REIT's unit price seems to be having difficulty clearing 98c, which is a natural candlestick resistance as well.

As the REIT's unit price does not seem to exhibit any form of trend, I look at the Stochastics to catch a glimpse of what is likely to happen next. Stochastics is in the overbought region and this suggests that chances of a pull back is higher than not.

Breaking out of 98c convincingly could see $1 tested next while further downside could see a retest of 91.5c for support. A simple risk and reward consideration suggests that another partial divestment at the current price level is a good idea.

Related post:
Cache Logistics Trust: Gap closed at 96c.

CapitaMalls Asia: At resistance.

While chatting in LP's infamous cbox today, a cboxer, OT, said that he is queueing to sell some shares of CapitaMalls Asia at $1.395 because I said that is where gap filling could happen. That was based on TA which I did more than a week ago.

TA is dynamic. What is valid now might not be valid a week later. So, is this case any different?

Share price touched a high of $1.36 which is where we find resistance provided by a flat 50dMA. It closed at $1.345 which is where we find the declining trendline resistance.

The MACD is rising nicely but it is still in negative territory. Volume although slightly higher is not impressive. This rebound could sputter and fail quite easily.

If both the 50dMA and the trendline resistance could be taken out in the next session, we could indeed see the gap filled at $1.395. If the share price could close above the 50dMA in the next session, we could even see $1.44 tested next. Will it happen?

TA simply hints of what could happen and we must have plans for all possible eventualities.

Related post:
CapitaMalls Asia: Rebounding.