Sunday, 22 July 2018

[weekly review] ww29 2018 - No action taken

Thoughts
The tempo at work is picking up, and i have been arrowed to do a number of things. so didn't really had the time to trade. I am occupied, but i feel much more happier :)

Holdings
CSE Global. Continue to hold on, as the countertrend seems to be broken with uptrend in tact. 2 ways it will go when price breaks above 50ma: i) consolidate just before recent highs and then continue rising to 52weeks high!; or ii) consolidate around 46c then fall lower... In case i) i will scale up, case ii) i need to exit quickly.

JAPFA. Holding onto this counter as the uptrend is in tact (price abv 200ma for long term, 50ma for mid term) and is strong ( price abv 20ma). I am expecting a consolidation before 72c.... so will just chillac and wait for the next scale-up.

Additional points
My holdings in equities is extremely low, so i think there is room to add-on $50K , but will only add  if i find it fruitful.
On the optimization of my savings account (here), i have done the following:
  • Applied for UOB one account (pending approval and transferring of giro to it)
  • Applied for DBS multiplier (pending change of salary crediting & starting dbs vickers & starting credit card)
  • Applied CIMB fast saver ( pending activation)
  • Pending closing of OCBC 360 acct because it is no longer useful.
  • On track to optimize everything by end of Aug 2018!


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