Shares & Derivatives
AIMS AMP Capital Industrial REIT: At $1.02 resistance.
By A Singaporean Stockmarket Investor (ASSI)  •  February 1, 2012

On 19 January, I mentioned that if sentiments remain bullish, we could possibly see resistance at $1.02 for the REIT's unit price tested. My overnight sell orders at $1.015 and $1.02 were filled today.

Could the REIT's unit price push higher? It could but anyone thinking of buying into the REIT now might want to bear in mind that the REIT goes XD on 3 February and we could possibly see the REIT's unit price weakening then. Risk premium for going long is much higher now.

Momentum oscillators like the RSI and the Stochastics show the REIT to be very overbought and for a rather prolonged period by now. Only the MFI is not overbought.

The MFI takes into consideration price and volume and shows demand compared to the RSI. However, the MFI being where it is now is also the result of relatively low trading volumes.

Volume is the fuel ...

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By A Singaporean Stockmarket Investor (ASSI)
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