Another down day for the STI as it closed just a few points above the 2,700 support.
Golden Agriculture closed at 50c which I've identified earlier as a critical support. The black candle day took place with lower volume compared to the last session. Price action formed a black inverted hammer which, together with the white inverted hammer, are considered possible reversal signals. This has to take place after a series of down days which is the case here. We will need confirmation tomorrow. If the decline continues, the rising 100dMA provides near term support at 48c.
Healthway Medical closed at 17c, forming a dragonfly doji which is usually interpreted as a bullish candlestick. However, this took place on the back of much reduced volume and a declining MFI which hit 50% today. The buying momentum is broken but the declining MFI also gives more room for price to move upwards in the event of a reversal.
Q&M Dental is seeing its price retreat, closing at 49.5c, down from the lofty 60c not so long ago on the first trading day of 2010. It should retreat. I am not even looking at the charts. Fundamentally, at 49.5c, it is still very expensive.
Saizen REIT closed at 15.5c, the support level provided by the 50dMA. Both yesterday and todays' black candles were accompanied by relatively low volume. Rising 100dMA at 15c should limit downside. 15c is also a many times tested candlestick support and resistance level. I have put in my buy queues.
PRIVACY POLICY
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.
Archives
Pageviews since Dec'09
Recent Comments
Get this Recent Comments Widget
ASSI's Guest bloggers
- boon sun (1)
- Elsie (1)
- Elvin H. Liang (1)
- ENZA (3)
- EY (7)
- FunShine (5)
- Invest Apprentice (2)
- Jean (1)
- JK (2)
- Kai Xiang (1)
- Kenji FX (2)
- Klein (2)
- LS (2)
- Matt (3)
- Matthew Seah (18)
- Mike (6)
- Ms. Y (2)
- Raymond Ng (1)
- Ryan (1)
- Serejouir (1)
- skipper (1)
- Solace (13)
- Song StoneCold (2)
- STE (9)
- TheMinimalist (4)
- Vic (1)
Resources & Blogs.
- 5WAVES
- AlpacaInvestments
- Bf Gf Money Blog
- Bully the Bear
- Cheaponana
- Clueless Punter
- Consumer Alerts
- Dividend simpleton
- Financial Freedom
- Forever Financial Freedom
- GH Chua Investments
- Help your own money.
- Ideas on investing in SG.
- Invest Properly Leh
- Investment Moats
- Investopedia
- JK Fund
- MoneySense (MAS)
- Next Insight
- Oddball teen's mind.
- Propwise.sg - Property
- Scg8866t Stockinvesting
- SG Man of Leisure
- SG Young Investment
- Sillyinvestor.
- SimplyJesMe
- Singapore Exchange
- Singapore IPOs
- STE's Investing Journey
- STI - Stocks Info
- T.U.B. Investing
- The Sleepy Devil
- The Tale of Azrael
- TheFinance
- Turtle Investor
- UOB Gold & Silver
- Wealth Buch
- Wealth Journey
- What's behind the numbers?
4 counters
Wednesday, January 27, 2010Posted by AK71 at 6:00 PM
Labels:
Golden Agriculture,
Healthway Medical,
QnM Dental Group,
Saizen REIT,
TA
Subscribe to:
Post Comments (Atom)
Monthly Popular Blog Posts
-
In recent times, I have found it much easier to talk to myself on YouTube. It is faster than blogging. This explains the greater number of v...
-
Another quarter has gone by and it is time for another update. For a change, I will reveal the numbers first. 3Q 2024 passive income: $85.2...
-
It has been more than a week since my last blog post. Things have settled into a new normal for me. In this new normal, my expenses have inc...
-
I produced a YouTube video yesterday after someone alerted me to buy some bank stocks. I thought the stock market had crashed. Did not look ...
-
It has been quite a while since I last blogged about my largest investments. The last time I published such a blog was in January 2023. So, ...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...
-
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...
2 comments:
AK 71,
Q for Goldon Agri at 0.48 but not successful.
Have sold 140 lots of Healthway rights at 0.085 to consolidate fund to buy in later but holding tight to my 700 lots of Healthway for long term investment.
May consider buying China Hongx if the price go down to 0.17.
Cheers
Kingson
Hi Kingston,
Golden Agriculture has been sold down rapidly in the last few sessions. MFI is fast approaching the oversold region. There is definitely some panic selling going on.
Healthway Medical, I am holding onto my shares and will subscribe to the rights. If the price does not decline from current levels, I will not add to my position. After all, this is not the only stock I am attracted to.
Good luck. :)
Post a Comment