Shares & Derivatives
Cache Logistics Trust: Partial divestment at 98c.
By A Singaporean Stockmarket Investor (ASSI)  •  September 8, 2011
On 29 August, I blogged about partially divesting my investment in Cache Logistics Trust as the gap was filled at 96c. Today, my overnight sell order at 98c was filled. After the gap at 97.5c was filled on 1 September, the REIT's unit price seems to be having difficulty clearing 98c, which is a natural candlestick resistance as well.
As the REIT's unit price does not seem to exhibit any form of trend, I look at the Stochastics to catch a glimpse of what is likely to happen next. Stochastics is in the overbought region and this suggests that chances of a pull back is higher than not......
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By A Singaporean Stockmarket Investor (ASSI)
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