[weekly review] 2017 w44

Foreword

This week i was on leave for two days! and i think i got trigger happy, and i bought 2x counters on impulse :( though they were already in my buy-list, perhaps i should have just kept to buying when there is a set up. pls take a look at these income counters and tell me if i had been impulsive.

Activity

Global Inv. BOUGHT more of this Income asset. The trigger was the break of the bearish countertrend, and price rising above the 50 &200MA. My interest in this counter is to accumulate it to boost my dividend. but there is a stop loss for this counter, so that i dont feel too annoyed by it ( remember psychological edge!

ST Engineering. BOUGHT this counter as an Income asset. the trigger was the sign of reversal (i could be wrong), when price broke above the blue line and above 50MA.  However, it seems like i am WRONG! While my SL is at 3.4 for a TP of 3.8 ( WTH such a chui RR). I will repent on this counter, and maybe cut it.

Lian Beng. this counter taking a break this week, there is 2 likely scenario: i) within next week it should try to break the 83c barrier and try to run up; ii) it will hover till around end Nov to early Dec before prices start to move. My preference is to wait till mid dec, before exit 50% then to realise some gains if there is no move ( about 50 days).

Chip Eng Seng. There was a gap down on friday morning, but the price rebounded, supported by quite a bit of volume! So interestingly, the gap down was due to this the failure of the plan to demolish a building and redevelop it, causing them to pay back the deposits, in the same breathe they reported this which was an increase in their revenue in Q3 after trading hours. So maybe it was due to this that there are some "insiders" who took the opportunity to buy up more of CES. anyway I will wait and see how the price moves. 

I saw friday's candlestick (despite the drop in net price) as bullish because it was supported with some volume. fundamentally, i think the series of news show that their australian strategy is paying off, while the resolution to abandon their redevelopment plans somewhat trying to re-focus on other opportunities, instead of getting mired further. Positive for me.

Suntec. XD recently, and the price quickly recovered back to pre-XD period, which means i got a free $80. this counter is uptrending for sure, glad i entered as an income counter. feels really shiok to get dividend while keeping cap gains!


Golden Agri Res. while i want to exit this counter, there is also some nice setup shown. basically just waiting for price to break 40c, then to 44c ( possibly going into a uptrending counter again), let me wait patiently!


Mapletree GCC. In a bearish counter trend since XD. instead of cashing out, i will wait patiently for a break, to accumulate  more to get more income!


Raffles Medical Group. this counter consolidating around the current price, but volume is very small. Will wait for this counter for it's big move.