Downside risk exists but looking at the diminishing trade volume, a huge price movement downward is unlikely. The 100dMA which is about where the 38.2% Fibo line is should provide strong support at 15c.
singaporeanstocksinvestor.blogspot.com/2...ll-accumulating.html
How much impact is exerted by DJI performance over Saizen? May be UNrelated? Only the STI sentiment matters! Anticipating Saizen\'s response on Next Monday to DJI\'s miniscule 10 points\' rise last Friday.
Saizen REIT ends at 16c on another low volume day. There is not doubt that the counter is stuck in sideways trading but the uptrend is intact. Let us see if the report due to be delivered in the morning of 11 Feb 10 will provide some stimulus here.
singaporeanstocksinvestor.blogspot.com/2...-and-large-caps.html
Still trading sideways. MFI has moved into oversold territory. The quarterly report will be released tomorrow in the morning before trading starts. Volume is very thin today as if everyone is waiting for the report before deciding on what to do next.
Saizen REIT\'s latest result is disappointing. LOSS :woohoo: NO DIVIDEND AGAIN :woohoo: In this climate, can SAIZEN really make money? :woohoo: Can SAIZEN afford to pay its huge loan interests REfinanced at Higher Rates? :lol: