Many REITs gap up strongly yesterday after the shocking surprise of the QE decision made by the Federal Reserve as they decided not to have QE tapering.
Firstly, AIMSAMPI Reit also turned bullish on the news and rose above the 50-day moving average during the day. As the 50-day moving average is typically used as an indicator for mid-term trend, a successful break above this 50-day moving average might mean that this stock can be bullish for the next one to three months.
Secondly, since June 2013 till now, AIMSAMPI Reit has been moving lower in a downtrend channel. However, the downtrend channel has been broken due to the price action this week.
Lastly, the 10-day moving average has been a good short-term indicator for entry and exits points for AIMSAMPI Reit. Investors can consider going long when price is above the 10-day moving average and placing a stop-loss if the price breaks below the 10-day moving average, which currently is around $1.47.    ...last: $1.51...
Andy Yew