AJA astro japan property group

sellers exhausting

  1. 251 Posts.
    Once again, we are seeing a similar pattern as to the other week where AJA went on a very short upward spike from 43 - 47. Sellers are becoming thin ont he ground after 43 with enxt resistance on screen sitting at around 47. The past few weeks has been dominated by the sell line being stacked at around 43 which coincided with UBS increasing their position again (would not think too much about this as they are continually buying and selling) but APN funds management notifying the market on the 8th of their purchase on market of another 7M odd shares. Now that this is complete and in the absence of someone else artificially holding back the shareprice in order for them to increase their holdings, I feel that this could run to that 47c quickly. Remember Japan, has just had a change of Govt, First time in 50years that the opposition has had a chance to run the place, They will be keen to put some plans into action to stimulate their economy, thus it will have a positive effect on propery prices and rentals.. This could be the Spark that is required to ignite AJA

    These are just my thoughts, but the stars are starting to line up.. all the best
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.