Saizen REIT: Steady.

I have not been doing much TA on Saizen REIT and some readers are worried. OK, let me do an update.

Saizen REIT has settled into a tight trading range. All the daily MAs are within close proximity of each other. The technicals are benign. MFI is forming higher lows and higher highs. OBV shows some accumulation.

Look at the weekly chart and the picture is more exciting. 20wMA has flatlined. The 50wMA continues to rise which reduces the capping pressure on upward price movement. The 100wMA continues to rise strongly and this limits further downside and could also provide a push to the unit price.

The MACD is poised to cross over into positive territory. The higher lows on the MFI are equally obvious on the weekly chart. All technicals point to an improvement in longer term sentiments.

Things could only get better in time.

Here is a link contributed by a reader, DP:
Japanese property market on the rise.
Click on Listen:Windows Media for a radio broadcast which we could listen to as well.

Related post:
Saizen REIT: Insider buying continues.

FSL Trust: Testing 45c resistance.

FSL Trust is rising on pretty modest volume. It closed at 45c which is the resistance provided by the 50dMA today. Could it move higher?

I suggested that the counter could close the gap at 46c which could indeed happen. The Bollinger Bands are beginning to widen after squeezing tighter and tighter in the recent past. This usually hints of a break from a tight trading range and could have some momentum.

The MACD is about to cross into positive territory. OBV suggests continuing accumulation. MFI and RSI are both rising, suggesting strengthening demand and buying momentum. If this keeps up, we could see the declining 200dMA, currently at 47c, as the eventual target. Immediate support is at 44c.

Related post:
FSL Trust: Higher volume and testing resistance.