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Showing posts with label marina bay sands. Show all posts
Showing posts with label marina bay sands. Show all posts

Tea with AK71: A fishy CNY tale.

Friday, February 4, 2011

I went to my favourite malls again today. Parked at MBLM. Ate at Din Tai Fung, got complimentary parking for 4 hours and took a walk to MBS. A well planned outing is a happy outing.


Some were tossing raw fish (Yu Sheng) to usher in good luck and prosperity for the Chinese New Year,


while some followed the example of the Lord Buddha by feeding bits of themselves to some hungry fish. ;-p


祝大家新年吉祥!

MERRY CHRISTMAS!

Saturday, December 25, 2010

A photo of the Helix Bridge I took a few evenings ago as I took a walk from MBLM to Millenia Walk. Yes, it was a long walk but it was a cool evening. I rather enjoyed the walk. :-)

See the Singapore Flyer in the background on the right?  I am quite proud of this photo taken with my free Samsung mobile phone's built in 5 megapixel camera. ;-p


Merry Christmas to one and all!

MBLM, Genting SP and Healthway Medical.

Wednesday, November 24, 2010

Walked a lot this evening after having dinner with a friend at MBLM. Yes, it is my new favourite mall.  So quiet, cool, clean and the service staff are all so friendly. Again, I was given free parking for 4 hours and so, I took a walk to MBS and, boy, that place was a ghost town.  Salespeople were looking at me expectantly as I walked past some of the shops. I felt bad almost for just being there.

Now, my legs have a nice mildly aching feeling from so much walking and I am feeling very sleepy. So, just a short post tonight before I hit the sack.

Genting SP
Formed a short white candle today. We could see a rebound and if it does happen, resistance is at $2.10 which is where we find the 50dMA. Anyone who is thinking of reducing exposure could consider doing so here. After all, price goes down a river of hope and rarely in a straight line.


With the 20dMA turning down and seemingly set to do a dead cross with the 50dMA, there could be more downside to come. After all, the momentum oscillators are downtrending but being oversold or bordering on oversold, we could see the formation of a floor. This floor could be at $1.85 if price resumes its downward trajectory.

Healthway Medical
In my blog post last night, I mentioned that the jury is still out on this one. The positive divergence I saw a couple of days ago is still in play.


The MACD histogram has turned green again. There is a struggle going on but with the MFI and RSI going generally higher, momentum has turned up. Even the OBV has turned up today, suggesting an increase in accumulation activity. If a rebound happens, first resistance is at 16.5c, the neckline of a potential double bottom formation, with an eventual target at 18c if the double bottom pattern is valid.

This short blog post has taken me longer than usual to complete: 50 minutes! My brain is working at 50% this evening. Good night and good luck!

Related post:
Tea with AK71: A day at MBLM.

Tea with AK71: A day at MBLM.

Wednesday, November 17, 2010

What is MBLM? It stands for Marina Bay Link Mall. This is the underground mall at MBFC, the development which K-REIT and Suntec REIT would co-own with each having a 33% stake.

I was wondering where should I spend my vacation which starts today and I decided to stay in Singapore instead of going overseas. I would spend time going places here and help to stimulate the local economy. Singapore's domestic economy has been said to be tiny. So, I am doing my patriotic duty by spending my vacation money here instead of going away to a foreign land. Ahem.

So? I like the mall. Shops on both sides, it has a wide centre aisle with high ceiling. It is defnitely less claustrophobic compared to the Citylink Mall (which I somewhat dislike). In time, with the completion of the Downtown Line for the MRT, I am sure MBLM would be just as busy as Citylink Mall but the generous space allowance should be enough to cope with increased human traffic. MBLM also serves the residents of The Sail and Marina Bay Residences condominiums. In fact, half the shoppers at MBLM I saw today were foreigners, probably expatriates, with kids.

Go visit MBLM before it becomes crowded. Now till end of the year, spend $80 at MBLM and we will get $15 shopping voucher plus 4 hours of parking for free. There is also an instant lucky dip to win iPads and iPhones but that's for weekends only and I was so hoping to win an iPad. :(

So, I got my $15 voucher, free parking, wrapping paper for Christmas and 2 lucky draw chances. Hope that I would win 1st prize which is for $8,000 worth of shopping vouchers! Then, I would go to the Apple retailer in the mall and get my iPad, Macbook Air etc. Wah.... Day dreaming. Nice!

Anyway, with 4 hours of free parking, I had time to burn as MBLM is smallish with a floor plan shaped like the letter "L" and not many shops were ready for business. I walked to Marina Bay Sands (MBS) to explore the shopping mall.  It was my second time at MBS which has a much bigger shopping mall.  This time round, more shops were open and I didn't have to pay an exorbitant $10 per hour for parking my car! That makes me happy.

Apparently, MBS is now giving free parking for the first 3 hours but one would have to spend $200 at the mall to qualify. I won't qualify. Free parking at MBS costs more than MBLM, if you know what I mean. MBS is for the well heeled, obviously. I like MBLM more which might say something about me. ;)

These are some photos I took with my free Samsung mobile phone which comes with a 5.0 megapixel camera built in. Pretty good shots, aren't they? I still remember when digital cameras were 1.3 megapixel in resolution.




After spending almost 4 hours at Marina Bay, fully utilising my free parking privilege, I went back to Tiong Baru and had a bowl of freshly made bean curd (dou hua) for 60c. Where to find? Tiong Baru Market lor.

Now back in my bedroom, with the air-conditioning set at 25 deg celcius and blogging. Time for a nap! I am a happy man. :)

Charts in brief: 29 April 10.

Thursday, April 29, 2010



CapitaMalls Asia: On 26 April, I said that "when the MACD starts closing the distance with the signal line, that is when we are closing in on a genuine reversal".  The MACD has flattened today while the signal line continues to fall.  A white hammer is formed today.  This is the third reversal signal in a row. It is also the first day that price action has detached from the lower Bollinger band. Even if a reversal does not happen, this suggests that the downward momentum is weakening.  The stochastics continues to rise within the oversold region while the MFI pushes deeper into the oversold region. Mixed signals are more positive than negative in a downtrend. Immediate resistance are at $2.23 and $2.27.


Golden Agriculture: A bearish candlestick setup today as the black candle travelled half the distance down the previous day's white candle. All momentum oscillators are down.  OBV is also down. Saving grace? Reduced volume. Immediate resistance is now provided by the 20dMA at 60.5c while immediate support is still at 57.5c. Weakness is very much obvious and the counter might move to test supports before moving higher.




Courage Marine: A strong Baltic Dry Index (BDI) might be the reason for a levitation act here plus the fact that the counter is trading CD. The BDI is up almost 4% today at 3,329.  This is a boon to Courage Marine, for sure. Counter closed at 22c today, the support provided by the 20dMA.


Even though I really like the fundamentals and I like this company, the technicals are a tad weak and I would not chase it. Momentum oscillators are down.  The MACD continues to pull downwards away from the signal line. The OBV has turned down for two sessions in a row.

However, for someone who is looking for exposure to the counter, the current price should have limited downside with a cluster of supports at 20.5c to 21.5c. Any entry at this level should be considered a hedge. I won't break the piggy bank.




Genting SP: A dramatic reversal today after spotting five reversal signals in a row: black hammer, black spinning top, doji, white hammer, white hammer.  This is a good example of how a counter might have multiple reversal signals before the reversal is confirmed in the usual way.


Extremely high volume up day as two resistance levels were blown away. Next resistance levels are at 97c and $1.02. Momentum oscillators have all turned up strongly. Chances of a follow through are good. Not vested.



Related post:
Charts in brief: 28 April 10.


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