Saizen REIT: Stabilising.

Congratulations to fellow unitholders who did not panic and sell at 13c. It does seem as if things are improving at the Fukushima plant and let us hope that things would continue to improve.

The management has yet to report on the final property in Sendai, Royal Hills Katagiri, which has not been visited. If the research by a reader, Data, which says that this property is located only 2km from the coast of Sendai is correct, it could cost a lot of money to repair the building, if at all possible. This property is 0.6% of the REIT's NAV and contributes to 0.4% of the REIT's annual income. So, the impact is not likely to be great even if it were to be written off.

Technically, there is still a chance that the counter could attempt a gap close at 15c and for people waiting to reduce exposure or to cut loss, 15c is still a preferred price compared to 13c or, indeed, 12.5c at the height of the panic selling last week.

Insider buying:
Beagle Capital Limited bought 20 lots of Saizen REIT warrants at 5c per warrant on 18 March.
Beagle Capital Limited bought 900 lots of Saizen REIT units at 13.72c per unit on 18 March.
Argyle Street Management Holdings Limited bought 150 lots of Saizen REIT units at 13.3c per unit on 18 March.

Related post:
Saizen REIT: Insider continues to buy as price recovers.

CapitaMalls Asia: At resistance.

Volume expanded visibly as price moved higher in the last session, touching a high of $1.75 before closing at $1.72, forming a white spinning top in the process. I don't like a spinning top in the current picture as it suggests indecision. Also, closing at $1.72 means that the downtrend is still intact.

If the 20dMA should be overcome in the next session, the downtrend would have been broken and we could see price rising to test $1.83, a previously strong support which should be a strong resistance now. In the event that $1.83 were breached, price could touch a high of $1.87. My refusal to sell in the recent price weakness would then be rewarded.

However, a continuation of the downtrend would find support at $1.60.

Related post:
CapitaMalls Asia: Green in a sea of red.