Something is wrong with Chart Nexus today. Data for last Friday is missing. So, I won't bother including the charts today. Good excuse for me to do less work.
Healthway Medical: Price action formed a wickless black candle, the most bearish of candles. The bearish crossover on the MACD has accentuated. Bollinger bands are squeezing. More downside would not surprise me. 20dMA is support turned resistance at 16.5c. Supports at 15c and 14c will most likely be tested in time. I did not manage to reduce exposure at the 20dMA today. Will see what happens tomorrow.
Golden Agriculture: The 20dMA and 50dMA are both flattening. Might this be the start of some sideways trading? MFI is in oversold territory and the MACD's buy signal from last Thursday has not been nullified. 20dMA provides resistance at 56c while 50dMA provides near term support at 51.5c. 100dMA which has also flattened is at 48c. I still believe that if price moves to touch the 20dMA, it would be perfect to reduce some exposure.
Saizen REIT: Price action refused to touch 15.5c today. Extreme low volume day. The 50dMA, 100dMA and 200dMA have flattened. Should we expect sideways trading for a while from now? MACD has a buy signal, for what it's worth. MFI is stubbornly at 50%. Buying momentum is at equilibrium. This might be a frustrating time for potential buyers and sellers alike. I am still queueing to accumulate at 15.5c.
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?
A slow day
Monday, February 1, 2010Posted by AK71 at 7:31 PM
Labels:
Golden Agriculture,
Healthway Medical,
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...
4 comments:
AK71,
Agreed, today is a lousy. Hope it will not prolong.
I have disposed my 800 lots Healthway shares on average of @0.16.
Bought in 300 lots of Healthway Right @0.075 +(0.075)= 0.15 cents. Will accumulate more the next few days when the rights weaken further (if any).If I am able to buy in another 500 lots of rights at 0.07/0.065, I will not incurred any lost for the time being and my average price will be around 0.146.
Hope that it will not test the 0.14 support as predicted by you.
Kingston
Hi Kingston,
You contributed to much of the volume today then. :)
I am still vested in this counter. So, I hope that it would not sink to 14c too.
AK71,
Even if Healthway sink to 14 cts, if we have holding power and perseverance, both of us should be able to see lights at the end of the tunnel by end of 2010.
I believe this correction will reduce the STI to about 2500.
Kingston
Hi Kingston,
I cannot see so clearly what will happen by end of 2010. However, I believe that Healthway Medical has a business model that works.
There are existing risks, of course, and the new plans to expand in China will introduce new risks but that is to be expected.
There will probably need to be some proof that their expansion plans are being successfully executed in China in time before the counter moves decisively higher in price again.
Technically, the current weakness in Healthway Medical's share price looks set to continue. I might buy in again at 14c if it ever reaches that level. Will see.
Post a Comment