Reflections
I just realised that I don't have a potential trade to make nor a income asset to snipe when
opportunity arises!
How did this happen? I discovered I have been admiring the charts of my holdings and imagining how the rally will continue for the past week. In the process, I neglected doing my active counter scan to plan trades, planning trailing SLs, and fundamental analysis to uncover gems! Now I have to
spend a few hours of my precious weekend because I have wasted my attention on unproductive
things.
Activity
Banyan tree. SOLD. Counter sold because holding sometime already and it did not move in my favour, so i decided to exit and find another favourable trade, took a profit of $40? LOL
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Raffles Medical Group. Bought. Speculative trade on reversal play.
TA wise, the period in early Sept, saw high volumes with bullish candlesticks, low volume in bearish candlestick. i entered it on 10 Oct 2017, when there was a bullish candle coupled with good volume. currently there is some pull back to the support on the 1.15 area. As there is a golden cross over of the 20-50ma, i am hopeful that the counter can return to the 1.26 region, and from there i will review the counter to see if there is reason to scale-up on the counter or divest to realize profits!
Chip Eng Seng. there is construction rally, and i was not in time to add more on this counter!
FA-wise the company gives good and consistent dividend, and i can see dividend holders might divest to lock in profits from the previous highs of 95c in Apr 2015 . If they bought at the 63c lows 50% profits is nearly 8 years worth of dividends! but maybe till then i will see. Holding onto 1 K profits with capital inputs of nearly 5K gives quite a psychological edge to trade this counter.
TA-wise i will look at a opportune time, which will be soon, as i see some resistance at the 87c area, and so wait for a trigger like a build-up pattern with volume. meanwhile will continue to find other counters!
Lian Beng. Speculative . just got into this counter not too long ago. the break out looks great, just that today's candlestick looks a bit undecided ( need to revise what the candlestick means again!) anyway if there is a bull flag type of pattern forming, i will buy on its break out!meanwhile i will just hold onto it.
Golden Energy. Speculative counter still in the low volume consolidation phase. will exit if it does not fulfill my trading idea so that the capital can be redirected else where.
Mapletree GCC. Income asset, with div coming soon, it is no wonder the increase in price! now very near the NAV, but still positive on this counter due to HK lifestyle ( brief fundamental explained here) and also the good yield!
TA wise, the period in early Sept, saw high volumes with bullish candlesticks, low volume in bearish candlestick. i entered it on 10 Oct 2017, when there was a bullish candle coupled with good volume. currently there is some pull back to the support on the 1.15 area. As there is a golden cross over of the 20-50ma, i am hopeful that the counter can return to the 1.26 region, and from there i will review the counter to see if there is reason to scale-up on the counter or divest to realize profits!
Chip Eng Seng. there is construction rally, and i was not in time to add more on this counter!
FA-wise the company gives good and consistent dividend, and i can see dividend holders might divest to lock in profits from the previous highs of 95c in Apr 2015 . If they bought at the 63c lows 50% profits is nearly 8 years worth of dividends! but maybe till then i will see. Holding onto 1 K profits with capital inputs of nearly 5K gives quite a psychological edge to trade this counter.
TA-wise i will look at a opportune time, which will be soon, as i see some resistance at the 87c area, and so wait for a trigger like a build-up pattern with volume. meanwhile will continue to find other counters!
Lian Beng. Speculative . just got into this counter not too long ago. the break out looks great, just that today's candlestick looks a bit undecided ( need to revise what the candlestick means again!) anyway if there is a bull flag type of pattern forming, i will buy on its break out!meanwhile i will just hold onto it.
Golden Energy. Speculative counter still in the low volume consolidation phase. will exit if it does not fulfill my trading idea so that the capital can be redirected else where.
Mapletree GCC. Income asset, with div coming soon, it is no wonder the increase in price! now very near the NAV, but still positive on this counter due to HK lifestyle ( brief fundamental explained here) and also the good yield!
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