Exited Sheng Siong, OV8 at the price of $1.04, had pocketed 15.8% gains.( no need chart)
Exited Best world, 5ER at the price of $1.9 and pocketed 16.85% profits. ( no chart)
Entered Singtel, Z74 at the price $4.09, TP $4.4, SL 3.99
Entered Yoma Strategic, at the price of $0.605, TP 63.5 or more, SL 59c
Thoughts
i had to lock in some of my profits as Sheng Siong started to hover.
for Bestworld, there was a CB, but i missed that part, if only i took the 4 for 1 shares. otherwise i would have a higher profit in, but it is better to stick to my plan and look for opportunities else where.
for Bestworld, there was a CB, but i missed that part, if only i took the 4 for 1 shares. otherwise i would have a higher profit in, but it is better to stick to my plan and look for opportunities else where.
Charts
Singtel, i was busy during that period and sort of forgotten that i bought it and didn't manage to SL it ( not following disciplined trading plan). but anyway there seem to be a natural support at $4, so i have a SL that is slightly lower than the support so i will not be so easily triggered.
in the short term, there is definitely leg room for Singtel to go to $4.4 again, and holding it for the dividend is not too bad an idea. too.
Yoma Strategic. entered Yoma on a few accounts:
i) uptrending counter, touching the dynamic support line SMA50, and rebound on it.
ii)close to natural support of 59c(-1.5c) , with TP of 63.5(3c) which is around the 1:3 risk reward ratio.
iii) Silent accumulation by smart monies.
so i entered it today!
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