Asian Pay TC Trust from TA point of view looks super bearish. It has been fallen from the high of 61.5 cents on 3rd May 2016 and went down to touch the low of 37 cents today. This is rather negative.
The closing price of 38.5 cents + high volume does not bode well for the current situation. Both Macd & Rsi are still trending downwards which may be a tell tale sign that the share price may continue to head further south.
Further selling down pressure of the share price may be expected as the current price is staying below the SMA lines.
Short term wise I think it may likely go down to test 35 cents . Breaking down of 35 cents with high volume that may likely see further selling pressure and slide towards 30 cents.
A word of cautious is better not to chase blindly simply because of the high yield factor. One good example may be the recent shipping trust that is having problem with its financial situation. I think This could be a warning bell/sign esp when the price is falling substantially couple with super high volume.
( trade base on your own decision)
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