Tuesday 11 September 2012

CMMT & Sunreit follow up

When I mention about them on 3 Sept http://reiccs.blogspot.com/2012/09/cmmt-sunreit-rebound.html , both of them did a small dip, well this minor dip, one have to factor into an investment plan. And today CMMT took the lead and hit  the 1st resistance 1.80 today and close +5.29% while Sunreit try to catch up from behind (a gap up of 3 sen during the matching time 4.50pm, but volume is not as convincing as CMMT). Wow, what a run for a REITS stocks in such a bad day for FBMKLCI (-19+ around 11am, but recovered back to -6.80). Market breadth was negative with 199 gainers as compared to 604 losers. Lets see, she able to break the resistance convincingly or still need to retrace for a while before going up. Will history repeat for CMMT ? See the yellow shadows and the sketch arrow.





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