Golden Agriculture: Divestment at 70.5c.

I am feeling the effects of age as it catches up with me or, perhaps, I just have too much on my mind lately.

It was my intention to divest partially at resistance and to keep some in case price should go higher. This has always been my style. Today, I made a mistake and sold all my stake in Golden Agriculture at 70.5c, the immediate resistance.

It makes sense to sell some at 70.5c not only because it is where we find the declining 100dMA, it also makes sense because of the declining volume as price tried to move higher in the last three sessions. A pull back would not be unreasonable.

Indeed, with the ADX suggesting a lack of any strong trend and the Stochastics showing signs of overbuying, we could see a pull back. A pull back would find immediate support at 68.5c. Breaking that could see price going lower to 66.5c. In a pull back, we want to see a higher low formed.

Of course, we could also see price moving higher although the candlesticks formed in the last two sessions, together with declining volumes, are somewhat uninspiring. Next resistance is still at 72c. Good luck to all still vested.

Tea with AK71: Korean noodles for lunch.

I had Korean noodles for lunch. No, I did not go to some fancy Korean restaurant nor did I go to a food court. I cooked the noodles myself in my office. Yes, you guessed it. Instant cup noodles! Well, in this case, it would be more accurate if we call it instant bowl noodles because it came in a big bowl! Oh, fork included too.

I have seen these noodles before and they are usually quite pricey. Yesterday, while shopping at NTUC Fairprice, I saw it under the "Must Buy" section and they were sold at $2.95 for three bowls! That is less than a dollar per bowl! Irresistible and I finally got to find out why so many people I know like it so much.

Chopsticks not included. I always have spare disposable chopsticks at work as I would take an extra pair each time I make purchases at the food centres. They come in useful in times like this, I dare say.

The noodles were cooked in five minutes. The spicy aroma was really mouth watering.

The noodles are thicker than the usual Myojo or Maggi variety. The soup base was full bodied and spicy. Not for anyone who would find hot food a challenge though. One bowl of noodles and I was really full. A tasty and value for money lunch!