LMIR: Testing resistance.

LMIR has risen on declining volume. MACD is rising in negative territory and the MFI continues to rise towards 50%. Without a significant expansion in volume as price pushes higher, it will be hard to overcome immediate resistance at 47c.  In the event that 47c is taken out, there is a band of resistance provided by a cluster of MAs from 47.5c to 48.5c.  Upside seems limited which might explain the lack of enthusiasm from market participants in adding to their long positions here.

I would like to accumulate units in LMIR again but will wait to see how things unfold.

AIMS AMP Capital Industrial REIT: Weakness.

I have been waiting to buy back some units in AIMS AMP Capital Industrial REIT. Price formed a gravestone doji at 21.5c today. The MACD is declining towards zero.  The OBV is also declining, suggesting some distribution is ongoing.  The MFI is still rising suggesting positive buying momentum but matching that against price action, we see that the price has not been rising as enthusiastically.  A rising MFI with price unchanged is not positive and suggests weakness.

I might get my wish to accumulate again at the support of the trading range.