Tuesday, May 31, 2011

Sabana REIT: Resistance at 93c demolished!

After the market closed, sleepy and some might even say unloved Sabana REIT saw 2,514 lots bought up at 94c which led to a wickless white candle being formed on higher volume, breaking resistance provided by the declining 50dMA like a hot knife on butter!


The bullish divergence between MACD and price action has delivered and did so in a smashing manner. A test of the declining 100dMA as