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Just take my analysis as a pinch of salt. Based on my analysis, Singtel is either going up to $4 or going down to $2.40. I am planning for both direction. If it goes up to $4, I will sell all my Singtel position. However if it goes down to $2.40, I will be adding new position. So it doesn't matter for me whether the price goes up or down as long as the dividend is consistent. Other indicators like MACD, RSI and Stochastic seem to be going uptrend. Please note that I am using TA for long term investing and not to predict the direction of the market.
2 comments:
hihi ...
can see that you are really doing investing....set urself a target price..if never reach but drop...you buy in more...but u need a lot of bullet =)
Hi siaoa84,
Firstly, I don't invest everything at one shoot. Secondly, I have passive incomes and savings to help me build up my capital for investment. And lastly, I only put in more positions only when the price is right.
You may go to http://lifelongfreedom.blogspot.com if you are interested to see how much I have achieved for my passive income.
You may go to
http://lifelongfreedom.blogspot.com/2009/11/my-cash-flow-framework.html to see how my method in generating cash flow.
Regards,
Freedom Achiever
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