Saizen REIT has been stuck at 16c for weeks. Nothing is happening and it is just a waiting game now. However, it appears that most of the weaker holders have sold.
The Bollinger bands have narrowed and the MAs are all flattening with the exception of the long term 200dMA which is still rising. In fact, the 20d and 50d MAs have merged and flatlined at 16c. 16c could either become a very strong support or resistance in future. Looking at the MFI and the Stochastics, we see that this counter is very oversold. The OBV shows a stalemate between accumulation and distribution. Read more...