Frasers Centrepoint Trust ($2.25) — Maturing uptrend

The uptrend is intact and prices have just broken out of a minor resistance at $2.18, setting a target of $2.40. Short- and medium-term indicators are rising. Quarterly momentum has just broken above a resistance and is advancing.

Five-day stochastics and 21-day RSI are also rising. Prices have gained 12.8% this year, and have been on an uptrend that has been accelerating since 1Q2012. The upturn started in 2009 and prices have quadrupled since, suggesting that the largest gains are over.

Source : The Edge – 23 Apr 2013

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