Saizen

More
13 years 10 months ago #3572 by AK71
Replied by AK71 on topic Re:Saizen
Some profit taking happening today. 17c is initial support. If this goes, a much stronger support is at 16.5c.

Please Log in or Create an account to join the conversation.

More
13 years 10 months ago #3607 by AK71
Replied by AK71 on topic Re:Saizen
Extreme low volume day. Volume has not been so low in more than two weeks. There has been some profit taking going on but price has stayed firmly above the 20dMA. MFI shows a decline in buying momentum and OBV shows that some distribution has been taking place. Despite all this, price has stayed at 17c and this shows strong support. If 17c gives way, we should find a stronger support at 16.5c, provided by the rising 50dMA. It is my personal believe that 16.5c is the new floor for Saizen REIT if it is ever tested. B)

Please Log in or Create an account to join the conversation.

More
13 years 10 months ago #3650 by AK71
Replied by AK71 on topic Re:Saizen
Many must be wondering at the weakness displayed by this counter in recent sessions. If we take a look at the weekly chart, it becomes quite clear why this has been so. Saizen REIT has one big hurdle to cross before it can go higher: the 100wMA. This descending 100wMA is a powerful negative force, a strong resistance. It is now at 17.5c. Chart: singaporeanstocksinvestor.blogspot.com/2...ief-23-april-10.html

Please Log in or Create an account to join the conversation.

More
13 years 10 months ago #3651 by Dongdaemun
Replied by Dongdaemun on topic Re:Saizen
The Saizen CEO has been accumulating this stock since last year. I think 1 or 2 other directors have been buying too. On hindsight, they were too early. The stock has yet to move up sharply. Fundamentally, there shld be a small dividend coming .... but the normal payout can only resume much further down the road.

Please Log in or Create an account to join the conversation.

More
13 years 9 months ago #3699 by AK71
Replied by AK71 on topic Re:Saizen
FA is about value. TA is about price. Although this REIT is still severely undervalued, when negative sentiments rule, its price could get pushed down lower. My overnight buy queue at 16c was not done. I am back in the queue. For people who are hoping to make a quick buck, this might not be a good time to buy in. MFI has formed a lower low and OBV is down. MACD is under zero. All technicals are bearish except for a consistent picture of low volume pullback. If this counter tests the rising 200dMA at 15.5c, I would buy more. B)

Please Log in or Create an account to join the conversation.

More
13 years 9 months ago #3771 by Joes
Replied by Joes on topic Re:Saizen
What is the likely range of dividend yield? Anyone has a good guess?

Please Log in or Create an account to join the conversation.

Time to create page: 0.261 seconds
Powered by Kunena Forum
 

We have 1327 guests and one member online

rss_2 NextInsight - Latest News