Saturday, 24 September 2016

[Review] Trading Positions 24/09/2016

Foreword
Holding comfortably onto 4 counters ( ~30% of portfolio)
Summary
Holding Boustead, Singtel, Yoma Strategic
Entered United Engineers.

Charts
United Engineers. this is the chart on the day of entry.
EP 2.38, SL: 2.35( put trailing SL once i get $500, $1000 profits), TP let it run.


Singtel. the Bears and Bulls have equal strength right now. it is not clear, but i will see if MACD follows thru, and let it complete the cycle. if MACD reverses, i will exit. otherwise i will hopefully ride it and exit it to regain my liquidity.



Yoma Strategic. instead of rebounding, YOMA is consolidating. I'm setting some timelines for it, but if does rise up, i will be looking at it hitting 65c before making a decision. the buying power seems to be very good though. so really just waiting. but once it move downwards i will cut to regain liquidity.



Boustead. this seems to be going to have a bullish breakout, but with so many past false bullish breakout and breakdown.... i am going to be conservative to this counter. if it breaks out, setting trailing SL at 85c and onwards.

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