Forewords
If you have noticed, I've been bothered at work lately. Fortunately I have support groups at my workplace that i can share my woes and seek out advise from my friends at work. So long story short, I changed my perspective from feeling being victimised to one where i am given an opportunity to learn and overcome an obstacle. The result was that i became less emotional, and with my data plan reset, I resumed scanning for stock opportunities and made a speculative punt.
Just summarising what i have been thru, i) make friends at work who can support you not only for work, but also emotionally; ii) change your mindset and use the negativity to motivate yourself to propsel yourself forward; iii) Stay hungry and always keep hunting for your next meal.
Enjoy your weekend!
Action
KrisEnergy. Pure speculative play. There is some narrative of it being driven by oil politics in the middleeast, but i am in it for the short term. As you can see, my plots are that there might be some consolidations on those key areas, before moving higher to the 18c region.
What convinced me that the counter is in a bullish reversal pattern was: i) higher highs and higher lows (HHHL); ii) price trading above 10&20MA(chosen because it is respected); iii) strong bullish volume in the last 14 trading sessions. Of course what triggered me to buy was a good risk to reward ratio (more than 5)
For Speculative - (TA100) 20/50MA pure technicals with setup ( trend/ breakout/reversal)- exit when price cuts down 20ma ( added this because i need to remind myself of the exit strategy and not confuse speculative with growth counters)
Golden Agri- Resources. This is trying my luck at picking bottoms, and i am betting on a reversal, breaking above the 200MA. seems like there is chance on the TA aspect with the 200MA narrowing.Hope it will break 43c by Oct 2017.
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. Looks like it is on the move again as it trends higher, bouncing off the 50MA. The results are going to be reported, and i suspect it will be positive ( or at least the market expectation is positive). currently i am nearly 10% in the money, so i will look out for a possible setup to scale-up on my position soon. to capitalize on the trend, so stay tuned.
Others
My other counters moved, but fundamentally little changes or not worth looking at.
:)
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