Shares & Derivatives
Saizen REIT: A brief break through.
By A Singaporean Stockmarket Investor (ASSI)  •  April 5, 2013
Saizen REIT had a high volume, white candle day. Could it be that Mr. Market is more than warming up to this once upon a time unloved REIT? It certainly looks that way. Draw some Fibo lines and we see why 21c was a strong resistance today. With volume as high as today's, however, it would be natural for any chartist to wonder if there could be a follow through in the next session.
Of course, the very long upper wick on the candle suggests the presence of very strong selling pressure as unit price tried to push higher. Look at the CMF and we see a lower high and a lower low which suggest to me that money was flowing out of the counter as price pushed higher. This could limit upside in the short term. Fundamentally, the NAV/unit of Saizen REIT as well as its DPU in S$ ......
Read the full article
By A Singaporean Stockmarket Investor (ASSI)
Have a more secure financial future in an uncertain world by creating a stream of reliable passive income with high yields.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance