Marco Polo Marine: Accumulation mode.

On 19 June, I blogged about Marco Polo Marine's persistent insider buying activity. I initiated a long position and I have been updating that blog post in the comments section. The latest update happened yesterday.

Today, I added to my long position as its share price retraced to 34c a share.

Technically, we see the Bollinger Bands narrowing on the weekly chart. Expecting a big move in share price in the coming weeks. With the MACD forming higher lows on the weekly chart, momentum is improving as sentiments towards the company turned positive. The OBV bears this out as it shows accumulation taking place over the longer term.

Immediate support is at 33.5c while immediate resistance is at 35.5c a share.

Some might wonder why I look at the weekly chart here instead of the daily chart. I do this because I am interested in holding on to my investment in Marco Polo Marine for a longer period of time and the weekly chart shows me the longer term probabilities.

I would buy more on further weakness in its share price, everything remaining constant.

Related post:
Marco Polo Marine: Persistent insider buying.

Tea with AK71: Home made sandwich!

My last blog post on what I had for lunch was a cause of concern for some readers. I have to say that I don't eat instant noodles all the time and I apologise if I have given anyone the wrong impression. I am happy to note, however, that so many readers of ASSI are into healthy eating.

So, what am I having today for lunch? A home made sandwich.

Ingredients:
1. Wholemeal bread
2. Tuna flakes
3. Lettuce
4. Cheese

Yummy!

This is probably the least expensive and yummiest wholemeal bread I have come across. Available at all Cold Storage and Shop N Save supermarkets. It is their house brand.

NTUC Fairprice's house brand wholemeal bread is cheaper, if I remember correctly, but it is a bit dry and not as tasty. Of course, taste is a very personal thing.

Related post:
Breakfast and lunch for 96c.

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