I enter at 1.38 a wait till today only she's breaking even. If you check back Sunreit & CMMT charts,
they pull back a few days and then fly off and never look back.
Let have a look on her chart, she takes 10 attempt to test 1.35 before she able to break out from this
resistance. Indeed after she has broken out , today a big fish was bombarding her with 5000 lots for around
8 times and she still able to stay firm and still close up 2 sen.
If history is to repeat, now she only tried 3 at 1.38, I may need to wait another 2 months before I can see
her at 1.43. Hopefully, those who want to sell will sell it at 1.38 and let her continue her uptrend climb.
TA point of view, MACD has climb above zero line which is good. %K(5d) has reset some oversold yesterday, lets see how she goes about in the next few days. Volume is diminishing, not a good sign, anyway,
I still think REIT is still a good proxy for fund managers to park their fund while anticipating the big correction during the GE period.
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