Cache Logistics Trust: When would I buy more?

Cache Logistics Trust went as high as 96c/unit today before closing at 95c/unit, forming a gravestone doji in the process. Buying more at current levels means a smaller margin of safety, for sure. Volume was also lower as price tried to move higher. A picture of negative divergence is forming: rising price and falling volume.

Connecting the lows of 15 March and 24 March gives us a trendline support. Waiting for price to pull back to this support level before loading more would be sensible. This is currently at 94c which is also where we find the flattening 20dMA. In rather bearish circumstances, we could even see price breaking support, be it a whipsaw or not, to touch 93c. I could buy more then.

Having said all this, if a person is worried about missing the boat and would really like to initiate a long position, 95c could be a hedge. Why? Well, the momentum oscillators are all rising nicely: the MACD lookings like it could be crossing into positive territory soon. Using a Fibo fan, we also see that  95c is exactly where we find the golden ratio 61.8% and if this were to be established as a support, unit price could touch 97c in the near future.

Cache Logistics Trust has strong fundamentals and its technicals have strengthened. However, I am not one to chase after rising prices. If the opportunity presents itself, I would buy on weakness.

Related posts:
Cache Logistics Trust: Initiated long position at 91.5c.
Cache Logistics Trust: Positive divergences.

A movie: Space Battleship Yamato.

I watched "Space Battleship Yamato" today and thoroughly enjoyed it. It is somewhat different from the anime I watched as a young boy but that's to be expected since the anime spanned tens of episodes and the movie lasted only 131 minutes. Here is the official website of the movie: http://yamato-movie.net/en/movie.html

After watching the movie, I was so full of nostalgia that I decided to search for the anime I watched as a young boy. I found what I was looking for on YouTube and would like to share here with readers who might have the same feelings that I do. You know what, I like the anime more. ;-p

English version (known as "Star Blazers") here:


Japanese version (the original "Space Battleship Yamato") here:
http://www.youtube.com/watch?v=SDLifAZiRrg&playnext=1&list=PL025131FA84B9B71F

Hint: The Japanese version is better. More authentic. Enjoy. :-)

Tea with AK71: Aloe Vera flowers?

I have told friends that my Aloe Vera plant at home has flowered a few times before and all were incredulous. Do Aloe Vera plants flower? I must admit that I was quite surprised myself when the plant first flowered. Well, it flowered again and I have taken a few photos over a period of 3 days to share here in my blog:

To see a field of Aloe Vera plants flowering, there is a very nice photo at this link here.

Golden Agriculture: Alarm bells aplenty?

I missed the last leg up on Golden Agriculture as its share price formed a higher low on 15 March at 62.5c. The counter touched a high of 71.5c in the last session before closing at 70.5c.

The MACD has been rising and is now in positive territory heralding the return of positive momentum. However, the question to ask is whether this is durable. Notice that OBV is not higher than it was on 4 March when share price touched a high of 72c. This shows distribution going on as price retests highs. The MFI and RSI are both bordering overbought regions. The suggestion is that upside could be limited. If alarm bells are going off in your head, you are not alone.

If you believe like I do that the counter's share price has not spotted a strong trend in a while, we have to look at the Stochastics which is currently in overbought territory. So, a pull back is more likely than not to happen in the near future. More alarm bells? I think so.

Connecting the lows of 23 Feb and 15 Mar gives us a trendline support. For anyone considering a long position in this counter, a retest of this support could be a much better option. So, is there no possibility of a breakout which could see price going higher? The possibility of a breakout exists, of course. Like I said before, TA is about probability, not certainty.

Related post:
Golden Agriculture: Testing the 200dMA.