The counter saw strong buying volume on early June. Price ran from
0.41 to 0.45. Failing to break through further, it has been retreating
to origin 0.41. Considering range bouncing characteristics of Trust
counters as well as recent bullishness among REITs, the counter could
have formed new channel of movement between 0.41 to 0.45, which
translates to 10% range. Trader could trade in the range while waiting
next surge in buying volume.
No comments:
Post a Comment