[weekly review] 2017 W28

Foreword

Indeed my job has not been quite smooth sailing these few weeks, so I've reduced the trades i make, to prevent a double whammy. The job market outside is also not so good these days, I guess its better to be stressed at work than to be jobless and wallow in shame should i not be able to find another job. It is these times where i feel the benefits of mindful training, helps me tide thru the tough patch. 

But anyway, last week was not too shabby, and there were some up movements on the remaining holdings i have, which i am quite glad.

Counters with some worthy discussion

China Aviation. I've been holding for sometime, and as mentioned before though i was beginning to lose patience, but it did not break down convincingly, and hence i did not exit. indeed it is paying off.

looks like a potential rally leading up to its results release ( after which it will retrace).

If you look at the set-up, it was beautiful set-up there with the build-up before the 1.7 region. I believe quite a number of people went short on this counter with short covers just above 1.73-1.75 which helped the breakout occur. Looking at the charts, it is likely that the next few days will still increase albeit a slower rate. my holdings in China Aviation is small, but i will look out for set-ups to make another entry.

Mapletree GCC. Holding this counter for income, but i do feel tempted to trade it... As you can see it has been in a slow counter trend , drifting downwards gently, over the last few weeks and has recently just bounded up as it touches the 50MA line. 

For a trader on TA, it may be a good time to enter, however i need to look out for other counters, current near the max for a counter. :)

Suntec. the extremely spikes of activities are indeed some sort of action taking place it seems... I;m in this  for a small amount, the yield is not too shabby, so i could hold on for sometime :) currently it looks like the price experienced a breakout, but actually the upside i got was very small, like a gain of 2%.... however this is a uptrending counter, can continue to hold it. strategy will be to look out for counter trends to make an entry at its break.

Conclusion

It is still profitable to trade on a longer time frame and with some fundamentals involved. The minus side, is that i wont catch all the volatile 10-20% increase type of counter, and it takes a lot of time. but on the positive side, i dont really monitor these counters, and i still turn in a health profit :)