[weekly summary] 2017 w22- late post due to laziness

Foreword

I've been busy with my non-trading life, having to be the best man for my NS buddy and also having to rush out a number of work-related documents, so i didnt manage to come up with my weekly report on time as i would like. nonetheless, i still decided to do a simple documentation to keep my up the discipline. and instead maybe i will do a look ahead instead this week :)

Counter Action

MM2 Asia. My 2nd scale-up on this counter when i spotted it breaking a countertrend and subsequently breaking previous highs. this entry was well timed indeed. currently at a 17% average profits for this, looking at a likely consolidation soon for this counter as it seems to be turning parabolic!

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

Bestworld. Seems like my entry was too early, likely to consolidate awhile, before breaking out.... established a stop loss to cut position should there be a breakdown in price.

Valuetronics. price is still continue to be bullish for this counter, and i am in the money after the 1 for 10 share distribution and the gap up. However i look at it to start entering a countertrend maybe sometime this week or the next. if the price does not drop too aggressively, i will consider this for a scale-up, otherwise i could exit and enjoy some nice profits in such a short time.


Cogent. previously i was bearish on this counter, however after a week of action and price maintaining at some support without touching SL of 76c, i have some bullish inclination for cogent. you can see that price is above 200ma and there is a converging triangle pattern, so i would say that there is a slightly higher chance for this counter to be bullish. but of course, i could be wrong.



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. there is a build-up before the 1.72 point since a week or so ago, this establishes a very nice support around the 1.67 range that can be a stop loss should this setup trade otherwise. I'm looking to scale-up further on this position once it break out  above 1.72, as then i would have some upside to buffer and nice momentum to ride on.




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.Last week it build up before the $13 point, on friday and today, seems to be some swing down ... i'm looking to see a break in this counter trend around the 12.5 point.... so i am setting some stop loss with a comfortable buffer below 12.5 and the 50ma.


Mapletree GCC.the build -up around the 1.09 is apparent, and this counter looks poised to break new highs soon, first 1.15 then 1.25... today is monday, and based on the fact that it seems to have tried to break the resistance, i scaled-up on this counter for the 2nd time. i hope i am right.



Chip Eng Seng. Looking at this good dividend ply for some more upside... there seems to be a build-up again around the 73.5 region... if you plan the trade well can possible scale-up somemore. this time round it will be psychologically better for me.

Accordia Golf Trust. This counter drifted upwards despite my forecast that it will drift lower, i nearly divested half of my position because of this. however relooking it today, i can see some nice build-up todays 75c.... I forecast that it is unlikely for the price to head above 76c before XD, and at XD, price will dive to around 70c, where it will consolidate for awhile... though interested may want to loadup when it breaks upwards though.