In my last blog post, I mentioned that I had to catch a very early flight this morning and had to sleep early. Well, sleeping early is something very difficult for me and I didn't sleep very well last night. If you are wondering what am I doing catching an early flight today, I am on vacation! Yes, finally!
I just woke up from a short nap and got connected to the internet a while ago. I have checked the stock market and saw, wow, a sea of red! It seems that the unrest in the Middle East and North Africa is shaking the global stock markets. I see prices of gold and silver climbing higher even as equities retreated.
This could be one of those opportunities to load up on counters with sound fundamentals. It could be a chance to make some value buys. This is the investor in me talking. However, the trader in me says that things could go lower and that we should wait to see supports holding up before increasing our long exposure. This is only sensible, is it not?
Which are the counters I am eyeing? Quite a few and here are three I am thinking of loading:
1. CapitaMalls Asia: Reversal signal failed to be confirmed, similar to most other counters' reversal signals. Keep an eye on the $1.83 support. See my earlier blog posts for more information.
2. AIMS AMP Capital Industrial REIT: 20.5c is holding up nicely as of now. I would probably put in a buy order tomorrow at 20.5c. Would definitely buy more at 20c, if ever tested. See my earlier blog posts for more information.
3. Cache Logistics Trust: I have been waiting for another chance to start a long position in this REIT. Touching 93.5c today, I might just be given a chance to buy a bid or two lower. See my earlier blog posts for more information.
Although I have internet connection in the hotel, I just realised that they use a different type of electrical plug from Singapore. I will have to see if I can get an adapter from a hardware store or supermarket. If I cannot find an adapter, you might not see me blogging for a while as my notebook's battery is running low on power.
Also, as I am on vacation, I might be somewhat lazy. It is only natural, isn't it? ;)
So, don't be surprised to see one liners or nothing at all. Hahaha... A vacation is a most uplifting must do for working adults. Despite a sea of red in the stock market, I am actually feeling quite happy. It could also be that most of my investment portfolio is for income. So, I am not so affected by the market weakness since capital appreciation is a secondary objective for me.
Till the next blog post, good luck to one and all. :)
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
- ENZA (3)
- EY (7)
- Elsie (1)
- Elvin H. Liang (1)
- FunShine (5)
- Invest Apprentice (2)
- JK (2)
- Jean (1)
- 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)
- STE (9)
- Serejouir (1)
- Solace (13)
- Song StoneCold (2)
- TheMinimalist (4)
- Vic (1)
- boon sun (1)
- skipper (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?
AK71 is on vacation!
Tuesday, February 22, 2011Posted by AK71 at 5:07 PM 14 comments
Labels:
AIMS-AMP Capital Industrial REIT,
capitamalls asia,
CLT,
FA,
TA
CapitaMalls Asia: Morning doji star?
Monday, February 21, 2011You might notice that many charts are spotting reversal signals today which are in need of confirmation. After so many days of down action, many counters seem ready for a rebound. Of course, signals will always need confirmation.
Regular readers would remember that I said I would wait to see if the $1.83 support for this counter would be retested. If the support held up upon retest, I might increase my exposure to the counter. Today, I increased the weight of my long position at $1.86. Why?
1. A lack of selling pressure as exemplified by the low volume.
2. The formation of a doji which is a potential reversal signal.
3. An uptick in the MFI and RSI which suggests some underlying support.

Like I said before, TA is useful in giving us glimpses of what might be and not what would be. So, always be prepared for two scenarios.
If price goes up, what do we do? If we connect the highs of 9 Feb and 17 Feb, we get a trendline resistance. On the weekly chart, the resistance shows up as $1.92. On the daily chart, the resistance could be at $1.93 to $1.94. So, in a downtrend, sell at resistance. What about retaining some shares to see if there is a chance of price retesting the 100dMA as resistance as it did on 9 Feb? Why not? This would approximate $2.00 this week and coincides with the upper Bollinger band on the daily chart.
What if price did not go up and went down instead? In such an instance, I would wait to see if $1.83 would be retested as support and if it held up upon retest, I would buy more.
That's all, folks. I have a very early flight to catch tomorrow and I am going to try to sleep earlier. So, this is the only blog post for tonight. Good luck and good fortune.
Related post:
CapitaMalls Asia: Support at $1.88 gave way.
Posted by AK71 at 10:55 PM 0 comments
Labels:
capitamalls asia,
TA
Subscribe to:
Posts (Atom)

Monthly Popular Blog Posts
-
Time for another update. First, on the personal front, I have been spending more time on other stuff in life as I have been feeling that too...
-
Things at home are settling down into a new routine and I am feeling a bit better. Well, I did suffer a bone fracture a few weeks ago but it...
-
Been a while since my last blog post. Hope everyone is staying calm as stock markets crash around the world. I produced a video last night w...
-
People are naturally attracted by large numbers. I mean if we got a 5% discount off a purchase price, we might not be very impressed but...
-
Cache Logistics Trust is a favourite of many REIT investors. It has also received many glowing reports from analysts. I also have a small l...
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...