20Dec2012 -REITS review

Well, tomorrow will be Doomsday .....21Dec2012 according to the Mayan Calender. We are 1.5 hours away for this date, and time is ticking. Hmm....not many believe this but more people is believing there will be a blackout for 3 days, the effect of this day. Well, if tomorrow is the last day, I still got a lot of things in my life that I haven't try or enjoy, haha. No choice, tomorrow still got to work.

Lets see, CMMT have been going short term down trend for 7 weeks, and today seems like a rebound and broke the immediate downtrend line with some volume. Seeing the bullish divergence show by MACD histo, she strongly indicates that she will climb to her 1st resistance. This resistance is quite a strong one, she really need a good volume especially those big fish to push her through before she able to re-challenge her previous intraday high of 1.98.

Lets see how she goes. Btw today is an up day for Sunreit and IGBReits also. Sunreit broke out from her Symmetrical triangle with a good volume. Stochastic still climbing (Smooth %D yet to touch overbought). MACD histo turn Green. MACD has bullish crossover the centre line.

For IGBReit, nothing much exciting. The only positive thing is 5MA has stayed above 20MA. When you compare this reit with the two above, she really disappoint in terms of performance since her IPO launch. Lets see, she will show some strength in coming weeks. I believe if she able to break 1.35 convincingly with good volume, she will propel with a "V" shape as like those good Fundamentals IPOs. Time will tell.