Saturday, 9 July 2016

[Review] of activities

Summary of Activity
Bought Krisenergy 0.162 ( holding, @.15)
Holding onto Boustead & Sheng Shiong
ThaiBev experiencing a bull breakout

Elaboration
Krisenergy bought on impulse without much diligence, now im waiting for a change in direction and maybe holding it for a longer term, as i know they've got their financial part settled with the recent converting of tehir revolving financial facility all over to DBS.  now with prices up at 2014 prices & their oil producers online, i dont see why it will go any much lower ( maybe limit at 12cents) any lower they would make a good buy as their PB ratio is around 40% already! makes them a possible buy out target too.


boustead experienced a shakedown on friday morning ( someone sold 100shares for 75c), trying to trigger a selldown to collect more for himself. the market recovered quite a bit, so i will likely see some rebound next week to consolidation range or even a break up, lets see if there are any bullish breakouts soon for this 2months and counting consolidation.


Sheng Shiong has strong uptrend signals now, it is touching the dynamic support line (SMA50), up riding trend with MACD indicator and SMA headng up, but the recent sell volume needs to be taken note of.


Thaibev  has experience a bullish breakout, there is definitely more leg room for it to fly based on the period of consolidation & it is only the start of the MACD uptrending, next week definitely worth taking a look! expecting it to bust the $1 mark, sit tight for the up ride!

Income Assets
Accordia Golf Trust  experienced a bullish breakdown, now retracement on going. fundamentally the counter is good. not taking in more as i have my hands full ( 4 trade positions)

Soilbuild bizspace reit downtrending counter, hit the dynamic resistance band recently and will expect for it to head down. either to hold or accumulate a bit later.

Cache Logistic Trust the Price is trending down , except there was a recent up trend, the MACD indicators trend up and there is strong accumulation, this looks like a possible divergence trade position, a reversal in the making it seems, I'm out of liquidity so not entering, but lets see how this pans out.

Venture Corpa strong uptrend is expected to be coming soon, it has just touched the dynamic support line and the MACD indicators suggest it is just started, the strong accumulation  over the past few days tells me that venture can be held for a long time!


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