Value for money holiday in Hong Kong.

The year end holidays are just round the corner. Wondering where to bring the family for a vacation this year? Why not Hong Kong? The flight does not take too long and Hong Kong has good food and attractions aplenty.

You might want to bring the kids to Hong Kong Disneyland as well to see Snowy Christmas Town.

 

Find out more at: Christmas Town.

Get a special 4D 3N Hong Kong package to make it a value for money holiday at the same time.

Check out the special offer by following the banner here:



Wanna see photos of my trip to Hong Kong last year? See them: here.

Saizen REIT: A retest of resistance at 18c?

On two occasions in the past, I did not partially divest my investment in Saizen REIT as its unit price touched a high of 18c. It was due to a belief that it remained undervalued even at that price. Yesterday, Saizen REIT's unit price broke resistance at 16.8c while it touched a high of 17.7c before closing at 17.4c today. Could we see 18c again soon?

The lower highs on the MACD and the declining OBV are rather ominous. Forming negative divergences with the ever rising unit price, any chart watcher would not be wrong to wonder if a correction could take place soon. In such an instance, immediate support is at the former resistance of 16.8c and if that fails to hold, the next support is at 16.4c.

So, would I sell if a retest of 18c should take place? I could do a partial divestment.

Related post:
Saizen REIT: 2H FY2010.

Sound Global: Accumulate on weakness.

Despite rather positive reports, the share price of Sound Global has been in retreat. Mr Market agrees with my earlier musings in July and August on whether it was a good time to sell, it seems.

Mr. Wen Yibo has been accumulating shares of Sound Global in the last one month and currently holds 56.2% of the shares. He probably knows something that we don't but even if we do not know what he knows, what information is publicly available shows that the fundamentals of Sound Global are sound and that the business is growing.

Technically, Sound Global's share price is experiencing weakness since forming a double top two months ago. The top was at 62c and the neckline at 55c. This suggests a downside target of 48c.

If we draw a trendline connecting the highs since early August, we see a resistance line that approximates the position of the declining 20d MA. Failing to stay above the immediate support at 51c and failing to break out of the down trend could indeed see share price moving to 48c.

What then? I would buy more.

Related post:
Sound Global: Retest of resistance likely.

China Minzhong: Opportunity in slowing momentum.

A big part of my portfolio is invested for income while the remainder is invested for capital gains. In both instances, once I stop adding to my long positions, the main thing to do is to wait. Wait to collect regular income in the first instance and wait to lock in gains in the second.

I will have more income distributions from S-REITs in November and December. Possibly, there will be dividends to be collected from some stocks as well. I am not too sure as I have not noted the precise dates for some time now.

I also invested in a few stocks, believing that they could deliver some nice capital gains. One such stock is China Minzhong and the last time I blogged about it was about a month ago, declaring that its stock price was emerging from a downtrend. Since then, its stock price has moved to touch a high of 85c.

OBV shows continuing accumulation while the RSI shows the formation of higher lows. There is some support. However, the lower high on the MACD which formed as a higher high formed in stock price, together with the reducing volume as price pushed higher, suggest a weaker positive momentum.

A rising wedge also seems to have formed and this suggests that the stock price could see a retreat in the near term. However, wedges are not terribly reliable patterns and the bearish signal we see here could be negated if volume should simply expand with an upward movement in stock price.

In the event that the rising wedge should deliver, we could expect a correction to see the share price retreat to 68.5c thereabouts. Before that, we could see some support at 75c. The immediate support is at 80c.

The weekly chart is somewhat more encouraging as the MACD has just moved into positive territory. Unlike the daily chart, there is no negative divergence observed here. The longer term picture suggests that any pull back in price is an opportunity to accumulate. The 100w MA, approximately at $1.10 now, could put an eventual cap to any upward movement in stock price in case it should happen.

Related post:
China Minzhong: Emerging from a down trend.

Wilmar: A rebound or something more?

Wilmar is up 3.9% at $3.18 as players await further details from the Malaysian government on a CPO export-tax cut. "It's one of the better companies in terms of having feet in both Indonesia and Malaysia and (being) able to trade around any opportunities from that" on the potential tax change, an analyst says.

He adds, the slightly improved soybean supply-side numbers from the U.S. were also positive for the stock as soybean availability is key for Wilmar. He notes the stock is starting from an overly depressed position and a number of players are "relooking" it after its selloff.

Dow Jones & Co, Inc, Friday, 12 October 2012.

I don't like to sell as share prices form new lows. It just doesn't make sense to me. If I want to reduce exposure in downtrends, I would wait for rebounds as prices test resistance. After all, prices go down a river of hope.

I do not know if Wilmar's share price would continue to strengthen or how much it would rise if it should happen, of course. I just have to do what I plan to do if it happens.

I like to potter around a bit with charts and using the Fibo fan, the chart shows that price broke resistance in the last session but mostly retreated to close just slightly above resistance. A continuing rise in share price next week looks rather iffy. If it should happen, next target is $3.28

Of course, we can also say the the confluence of the 20d and 50d MAs at $3.20 is a formidable barrier. This could be the case but in a situation where price is no longer trending, MAs are weaker tools. I would turn to momentum oscillators in such instances for clues.

For anyone who thinks that Wilmar's share price is experiencing a blip in positive movement and that it is on its way lower, I won't be too sure. Look at the MACD which is a price momentum oscillator. It just formed another higher low. It shows that negative momentum is continuing to weaken.

The ADX shows that there is no trend per se and if there is any, it is a weak one.

What I can say for sure is that Wilmar's share price is going through a long drawn basing process. When is it ending? It will end when it ends.

Related post:
Wilmar: Is the tide turning as buying pressure returns?

Tea with AK71: Maison Ikkoku.

Recently, a friend whom I have known for more than 20 years asked me out to have tea. We met at Maison Ikkoku which is owned by a friend of his.

I am not much of a food blogger but here are photos of what I had for tea that day:



Yummylicious ice lemon tea!

Melts instantly in your mouth tiramisu!



This was a total surprise. Kong Bah Pao!



It was so good! You simply have to try this.


I didn't bring my IXUS out with me and these photos were taken with my trusty Samsung mobile phone. Can do lah.

In case you would like to visit Maison Ikkoku (and you really should),

Address:
20 Kandahar Street, Singapore 198885.

Tel:
6294 0078

I am doing this blog post without any monetary reward. I do this because I want to share with you a wonderful discovery I made: a beautiful cafe with good food and drinks. I think you will enjoy the place as much as I did.

Oh, did I mention the interior decoration? I promise you that it would be an eye opener. I am not putting up any photo of the cafe's interior here (really because I didn't take any). You will have to visit Maison Ikkoku to take it all in. ;)

Bon appetit!