Visiting an indecent (even lewd) shop.

Remember the big hoo hah about the gigantic poster of a half naked man at Knightsbridge? Actually, that was not a poster. It was more like an enormous mural!

The images which would put most Singaporean men (including myself) to shame were on two walls at the corner of the building, a few storeys high!

For those of more puritanical persuasion, you might want to avert your eyes because here is a flesh  flash back:

A while back, I went with a friend who was visiting. She went with her camera in hand and took photos with the lone topless hunk in the shop. After that, the nightmare began. Nightmare? Now, now, don't be naughty.

Too dark! Too many steps! Too many angular handrails!

I don't have very good night vision and I had to squint in the very dimly litted interior and would suddenly go blind in areas with spotlights which made me even more blind as I walked into dimmer areas again. As I went up and down the steps, I walked into the corners of the handrails at least twice. I had the haematoma to show for it too!

The shirts on sale were somewhat too thick for our climate. Of course, the prices were too rich for me. Anyway, if you guessed that I probably walked away empty handed, you are right. No prizes though. Too easy.

You might be interested in reading my older blog post on Abercrombie & Fitch.

Hint: you would also want to read the comments section.

Read the blog post here:
Ad by Abercrombie & Fitch is indecent (even lewd)!

See my staycation photos at Hard Rock Hotel, Singapore: here.

Marco Polo: Longer term buy on weakness.

The lower highs on the CMF suggest a weakening of smart money flow into the stock. The MACD, however, shows a strong positive momentum with a higher high in the process of forming.

Candlestick analysis gives cause for caution as two dojis and a black candle were formed in the last three sessions. However, the much higher volume as price pushed higher compared to the much reduced volume in the black candle day suggests a lack of sellers' conviction.

CMF shows higher lows on the weekly chart. This suggests that there is less money moving out of the stock in the longer term. MACD has turned positive and MACD histogram has formed a higher high, In the event of a retracement, support is at 38c while a stronger support is at 36.5c.

To me, it is quite clear that Marco Polo remains a longer term buy on weakness.

Related post:
Marco Polo: A neglected gem.

For those who prefer e-books:
Technical Analysis For Dummies