I am late by 4 trading days! But i have been busy and lately in my scans i did not encounter many high probability trades. Anyway i was fortunate to have saved the charts out on sunday, just didn't had the time to look at it.
Notable actions
China Aviation. SOLD. strong bearish volume was spotted, and the dip further down with strong bearish volume confirmed my exit. Bearish reversal spotted.
FA-wise the counter is still the same, will relook into this counter a bit later.
Global Investments. Bought. Small amount entered as it is a uptrending income counter with a respectable dividend, this is an Income asset.
TA-wise, the counter has confirmed a reversal. and is uptrending above 10 and 50Wma. Currently, it is having a build-up around the 15.4c region, so i would like to wait see if it breaks out further and possibly add on a speculative aspect at 16.4c region if there is a set up.
FA-wise, the counter is trading below NAV, with a decent P/E ratio. the company has been consistent is giving out dividend, and as it is a investment company has multiple exposure. at this price it seems to be the average past year price. Fundamentally it seems like a sound company.
Guocoland. this counter had a strong breakout followed by a strong price rejection weekly candletick. I am still inside because the company's fundamentals had hardly change, prehaps will only exit if FA changes or the TA shows a strong down trend.
No comments:
Post a Comment