Tea with AK71: A healthy low cost meal.

I have blogged about some low cost meals before and they have attracted many comments, some of which were surprisingly strong. I still remember some animated comments regarding the 70c nasi lemak and the cheap hawker fare at Tiong Bahru Market.

Well, I am now going to share with you another one of my favourite low cost meals which is easy to cook and full of nutrition: Oats. We can buy a 500g packet of raw rolled oats for about $3.00 from NTUC Fairprice. If you shop at Cold Storage, it could cost a bit more. It is cheaper to buy a 1kg pack, weight for weight, if you are cooking for more than one usually.

Put a pot of water to boil.

Get about half a bowl of raw rolled oats ready.

When the water has come to a boil, pour in the oats.

Replace the lid and switch off the fire. Leave it for 30 minutes or so. Sometimes, I forget and leave it for a bit longer but it's OK as the fire is off.

When you come back, give the contents a good stir.

You could add sugar or honey for taste. You could also add some dried fruits like raisins and apricots. There you have it: a low GI (glycemic index) meal that is full of nutrition and fibre.

Cost? Less than a dollar per serving, for sure. Guess what did I have for breakfast?

Capitaland: Going even higher?

Capitaland's share price formed a long white candle as price closed at $3.50 in the last session. Guess what. The technicals look similar to those of CapitaMalls Asia. Since I suspect that CapitaMalls Asia's share price could go higher, the same suspicion would apply to Capitaland's share price.

+DI is rising and ADX has flattened. MACD is rising strongly in positive territory. OBV suggests strong accumulation is going on. MFI is bordering overbought. RSI is high in overbought territory. Volume has lowered since 29 March when price tested the trendline support but it is higher than the low of 17 March. Uptrend support is intact but a pull back in the near term is possible.

With immediate resistance at $3.54 (100dMA) and a possible whipsaw to $3.56 (gap resistance and 50% Fibo fan line), the near term upside could be limited from the current level. Support is at $3.41 in the next couple of sessions. This is a natural candlestick support and it coincides with the trendline support. A retest of support could see me initiating a long position in this counter.

Tea with AK71: Cornettos and Magnums.

I love ice cream. I have always enjoyed Cornettos and Magnums but I enjoyed them even more when I was in Thailand. Look at the photos and you would know why:

10 Thai Baht is about 40c in Singapore currency. So? We could have a really nice Cornetto for less than 90c!

And we could have a yummy Magnum (regular size type) for $1.60!

Burp!

NOL: Out of the doldrums?

NOL formed a higher low on 28 March although it has yet to form a higher high. The impetus for this blog post is NOL's closing above the 20dMA for the first time since 10 March. Together with some other observations, it seems that NOL could be coming out of the doldrums.

Some might remark that NOL promptly sank on 11 March and what makes it different this time? Could not the price sink next Monday? Indeed, it could. This is especially so when we realise that price closed exactly at resistance provided by the 38.2% Fibo fan line.

However, I feel that things are looking up because, on the daily chart:

1. The MACD is higher now than it was on 10 March although it is still rising in negative territory.

2. There has been a prolonged period of low volatility which has resulted in tightening Bollinger bands.

3. As price moved higher lately, volume has not reduced dramatically like it did leading to 10 March.

On the weekly chart:

4. A white candle has formed on higher volume as a detachment from the lower Bollinger band takes place.

5. OBV shows a return of accumulation.

6. Stochastics suggests that the counter is oversold as it found itself trapped in sideways trading.

If there should be a pull back to $1.96 in the next session or two, I might initiate a long position. Near term upside targets are at $2.07 and $2.14 if the upward movement should continue.