bought Sin Grandness 65.5c, SL 64c (3bids) TP (see macd histo)
counters to be reviewed: GLP, Soilbuild biz reit
Sino Grandness
the rising Histo attracted me to it coupled by the positive MacD( see chart, noticed the yellow arrow)
was alerted to this counter from STG fb group and my NS friend.
initially i didnt know what the hype was, but when i saw the MACD, a beautiful picture was painted.
in fact when i entered the counter, it went up immediately by 2c!!
Counters to be reviewed:
GLP has a bearish indicator, if sold now i would get a gain of 20+ dollars. I will hold onto this to get the dividends, and accumulate more when opportunity arises before selling it off.
right now the price action seems to show a sell off of this counter, a lot of re volume unfortunately.
so this looks like a longer holding period, but i do see it possibly hittng the $2 mark (i will give it 1 year to try to achieve 10% gains, before i dispose it off my growth portfolio)
Soildbuild Biz reits, i am looking at paper loss of $380. considering it has been impacted by the Oil Gas and Marine sector, the tenancy rate looks set to drop affecting the DPU, but that aside in the longer run i believe the vacancy will be taken up by tenants from other sectors. that said, SB bizreit is looking at a near term revival considering the increasing histos.(see the histo below)
the histos for SB, looks like it will break upwards any time soon. and there seems to be large buying volume ( accumulation at the 70to 69c range.
thought of the week. i will leave it to when i wake up to deal with it.
meanwhile enjoy the post :)
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