[weekly summary] 2017 w20

Foreword

Lately I have been fine-tuning my entry and exit for my counter, as you can see in the middle of the week, i exited some counters and realized certain gains and losses ( see here). I also had an impetus of feeling the need to have a better trend trading strategy, by combining all the "tactics" i have learnt. I have a first draft on my desktop, but would be furnishing it more will some thoughts and illustration. But anyway, this week i contra-ed one counter

* sorry as i write and post at night ( when i get most motivation just before sleeping), there are a lot of errors, please pardon me*

Exited positions

Besides paring down on my positions OCBC and Chip Eng Seng, then exiting a short-lived Hotung investments ( see details here) I made further moves which were important.

OCBC. Sold away the remaining positions at 10.20something. i probably experienced panick selling, but nonetheless i locked in about $1.2K in profits from it all. overall i won't say that it was a wrong move to sell off, because the 2 consecutive days of dipping was sharp and it definitely siginalled a potential reversal. will keep this in my watchlist as i believe after XD, price will range from the 10.2 to 10.4 range for a short while.

For Speculative - (TA100) 50ma pure technicals with setup ( trend/ breakout/reversal)

MM2 ASIA.Scaled-up on this counter on confirmation of a breakout. as mentioned last week(please see here) , the build-up before a critical resistance was a classic enter position. and i scaled up accordingly. the breakout is too strong, i will observe how the pullback will be, if it is too aggressive i will exit/pare down positions, but if it is gentle slope, we could possibly hold on and scale-up further.

Cogent. I have been eyeing this counter for awhile, with a wide gap between 50MA and price, while still above 200ma ( which means it is in uptrend), the change in counter trend, signals to me a possible re-test of 84-85c region. And if it hits 84-85c region with a build up, it becomes good position to scale-up on the position somemore or exit  if it fails to break. I'm targeting 84-85c to be breach within the next 2 weeks hopefully, and will try to hold on as long as trend keeps in tact.

For Growth/Value -(TA50/FA50)50 & 200ma, macro-outlook, set-up for entry, needs a narrative (e.g. semiconductor stock run/ properties bottom out, fantastic outlook), tend towards 0.6-1.2x NAV 

China Aviation.  the counter is longterm bullish and short term bullish, however friday's session was weak, as it could not sustain the price strongly, and it proved to be as my forecast i posted on investing notes  where i expected people taking profits. I'm looking at this counter breaking 1.72. however will observe if there will be a build-up or a direct break on monday. There is a high likelihood for China Aviation to break 1.72 as you can see str4ong bullish volume compared to the weak bear volumes  during the counter trend. will look out for opportunities where i can load up.

For Income assets-(TA25/FA75) Good  yield (> 3.5%) and increasing DPU, uptrending/stable prices (200ma). at discount to NAV (~0.7 to 0.8) Macro outlook is positive.

Venture Corp. This uptrending counter after XD trended upwards, there is nothing alarming, though there wasn't any good setup to scale-up on venture. will just have to observe for any anomalies. if there is a build up around the 13.ish region, i will get ready my funds to scale-up.

Accordia Golf Trust. last week, it entered into a counter trend, and now it looks like the consolidation(countertrend) has ended, and i'm looking for a contiuation of the uptrend towards 78.5c region.

Mapletree GCC. entered on XD, and the price consolidated a bit, now it seems to have broken the countertrend, and looks poised to scale new heights ( i hope). my next play to look out for will be scale-up  at the 1.09 region ( if any), as i want to build up on my gains aggressively.