Mid-life crisis? Investing for income continues.

I am going through some big changes in my life. I am monetising my investments in real estate and moving back to stay with my parents. With work giving me some rather bad headaches recently, I am thinking of what I should be doing next. What is the next step in my life?

Should I continue with the status quo? I could. I would have to suffer the rather constant bad headaches at work as they are caused mostly by problems which are beyond my control.

Should I just quit and do something else? Time for a change? Indeed, time for a long break? Unfortunately, often, things have a way of turning out differently from how we would like them to.

Anyway, whatever I plan to do or not to do, I continue to invest for income and if I should be unemployed one day whether by choice or not, I have no fear even if I should be unable to find alternative employment.

Today, I  bought more units of Sabana REIT at 92.5c per unit. Readers might remember that I said I would like to lighten my position in AIMS AMP Capital Industrial REIT and to increase the weight of Sabana REIT in my portfolio. The reasons were discussed in this blog post here.

Well, unit price of AIMS AMP Capital Industrial REIT has been testing 22c resistance on low volume and one wonders if it could be broken. Price is flirting with the declining 200dMA. The ADX shows the +DI having the advantage and that the trend is positive and strengthening. The MACD, on the other hand, is finding it hard to form a higher high.

If volume does not increase significantly to take out resistance presented at 22c, I would not be surprised if price should retreat to test 21c for support. This is where we find the rising 50dMA and the uptrend support. I would not panic as the uptrend would still be intact. The price action of the last two weeks has broken out of the downtrend which started on 17 Sep 2010.

As for Sabana REIT, technically, it is trapped between 93c and 92c. 93c is where we find the flat 50dMA and 92c is where we find the flat 20dMA. The ADX suggests that there is no trend. So, I look at the Stochastics for clues.

Drawing a trendline connecting the lows, we get a support line which suggests that the Stochastics could test 50% in future which suggests a weakness in price is possible. Immediate support is at 92c. 91.5c? Not very likely if we see where the trendline support is at. Currently, it coincides nicely with the 20dMA at 92c.

Although I have not managed to do a partial divestment of my investment in AIMS AMP Capital Industrial REIT, I decided to go ahead and buy more units in Sabana REIT at 92.5c a piece today. The fundamental reasons to increase my investment in Sabana REIT remain valid and a partial divestment of my investment in AIMS AMP Capital Industrial REIT is not a necessary condition for this to take place.

Due to the changes in my life and my current mental state, during the next few weeks, there could be a day or two or even a few days in a row when I might not be updating my blog. I will try to update it as frequently as possible, of course. Blogging remains an engaging hobby for me.

Golden Agriculture: Further growth.

Feeling somewhat groggy from watching two movies back to back but I have some thoughts about Golden Agriculture which I would like to pen. I like Golden Agriculture's business and I like its numbers. I also like its technicals.

I am still in the queue at 67.5c to add to my long position. The neckline of a potential head and shoulders pattern is at 65.5c thereabouts. I would like to accumulate on weakness.

The ADX suggests a lack of trend and the Stochastics in such an instance suggests that price could experience more weakness. Notice how volume seems to be reducing as well in the last few sessions.

Golden Agri targets production growth, more land: Update
Tuesday, 07 June 2011

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