[weekly review] ww16 2018

Thoughts

Trying to keep the spirits up these few weeks. Some lull period at work now so when i work, i only do the important work otherwise by the end of the lull period, with no goods to deliver, i will be dead meat. meanwhile i am keeping the spirits up and continuing more searches. Realised that people could easily sense my mood through my energy level, will try to keep the energy level up, i promise.

Transactions

Chip Eng Seng. Bought for capital gains and dividends. The FA: i) good stable and consistent dividend with decent yield ~4%, ii) known company that i actually see when i am on the bus, iii) construction/property market is picking up, of course main winners are developers which i already have a piece of already, going down the food chain are these builders which CES has a bit of biz in. TA-wise:  i) just see see my weekend scan i posted last week (here) :), ii) price sustained abv 50ma and then have some nice bullish volume. sitting in for the ride!

China Sunsine. Bought for capital gains. Based on pure technicals: i) up trending counter; ii) breaking new high; iii) good bullish volume. I do admit however i only looked into this counter because Andy Yew posted about it on his FB live. Not sure if there is any biased involve in this, but even if have i have put in a SL for this.

Holdings

AEM. Some bad news from TSMC declaring softer profit guidance. holding for awhile, this counter will experience a larger volatility than before. As i have some profits as buffer, i will see how to weather this volatility. Still, looking forward to the CD and CB!

Raffles Medical group. Likely reversal play coming, vested just a bit. and will add more if needed when there is a set-up. options are: a) 1.27 if have build-up or some retrace... wait for breakout/ end of countertrend for entry, b) 1.27 and 1.48 if reverse... can exit.

Sembcorp Marine. oil rebound play. price has popped above 50ma. Options are: a) price touch 2.65 reverses to 2.5ish.. quickly exit, b) if there is a build up before 2.7, wait for break out to buy.

UOL. My initial thoughts are like for a swing trade for this counter  between 8.25 to 9.3...  but will observe more because it looks possible to break new highs eventually in the 50-200 days time frame.

 i have 2 options: i) sell if price touched 9.3 and drop .., ii) if there is some signs of a build-up  before 9.3, buy more when the price breaks the resistance.