Singtel Technical Analysis (31 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
The chart has formed a very big reversed head and shoulder pattern. If the neckline can be broken successfully, we will see more upside for the chart.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators may continue to go up. It may not be a best time to buy in my opinion.

My Target Price:
My target sell price will be $3.50.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

SPH Technical Analysis (30 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
Not much movement recently. Same as two weeks ago, the chart is still within the channel between $3.55 and $3.80.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are still high, meaning that it might not be a best time to buy.

My Target Price:
My target buy price will be $3.55.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

ST Engineering Technical Analysis (30 Mar 10)

Support/Resistance:
The graph is at the middle of uptrend parallel lines. If it can touch the bottom line of the uptrend, it will be a good buying opportunity.

Indicators:
Looking at the RSI, and MACD, the two indicators are going downtrend. If stochastic is going downtrend in the next one or two weeks, it will be a good buying opportunity.

My Target Price:
My target buy price will be $3.00.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

STI Technical Analysis (28 Mar 10)

Support/Resistance:
The bear flag pattern as mentioned in last analysis has failed. The chart may be testing the double top resistance at 2947. Once this resistance is broken, there is a chance to test the next resistance at 3250.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are above the half way point, so it may not be a good buying opportunity.

My Target Price:
If the index reaches 3200,I will sell some of my shares.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

What are Preference Shares?

Preference Shares are difference from ordinary shares. Unlike ordinary shares, preference shares do not have voting rights. This means that the share holders are not entitled to participate in the company’s Annual General Meeting (AGM) and vote on matters listed on the agenda.

Preference shares are ranked higher than ordinary shares. In the event of company bankruptcy, preferred stockholders will be paid out in assets before common stockholders, but after debt holders and secured creditors.

Dividend from the preference shares can be fixed or adjustable based on factors stipulated at the points of insurance. Your buying price for preference shares will also affect your yield on them.

Preference shares can be convertible or non-convertible. Convertible preference shares have the flexibility of converting to common shares. This allows you to lock in the dividend income and potentially profit from a rise in the price of the common stock. These are benefits that are not attached to a common stock.

Preference shares can be cumulative or non-cumulative. For cumulative preference shares, it means that if a company missed any dividends within the year, such missed dividends will be added to future dividends during the period of holding the preference shares.

My stock gains/losses from Oct 09 to 26 Mar 10

I have added 10 more lots of Cambridge in my portfolio this week. Total gain has decreased from $10159.25 to $9284.25 as compared to last week.

Cambridge Technical Analysis (24 Mar 10)

Support/Resistance:
The graph is at the lower line of the uptrend. It is still a good opportunity to accumulate at this point. If the uptrend continues, it may hit $0.60.

Indicators:
Looking at the RSI and Stochastic, the two indicators are going uptrend. MACD is going downtrend. So there is no clear signal to buy or sell at the moment.

My Target Price:
My target sell price will increase from $0.60 to $0.63.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Bought 10 lots of Cambridge @ $0.46 on 24 Mar 10

I have bought 10 lots of Cambridge @ $0.46. So total I have 55 lots of cambridge now.

SingPost Technical Analysis (23 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
The graph seems to be follow the uptrend. If the uptrend continues, it may hit $1.17.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are very high. It is not a good buying opportunity.

My Target Price:
My target sell price will be $1.17. I am looking to sell all my holdings at $1.15

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

SunTecReit Technical Analysis (22 Mar 10)

Support/Resistance:
The chart since to be going uptrend and there is a possibility that it may reach $1.66.

Indicators:
Looking at the MACD, RSI and Stochastic, if the three indicators fall a bit further, it will provide a good buying opportunity.

My Target Price:
The price may continue to move to up to $1.66. However I am not buying as I feel it is expensive now. My target buy price will be $1.20, if it never reached then I will not buy at all.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Seven Habits of Highly Profitable Investor 2: Buy with the selling price in mind

Many new investors buy share without knowing when to take profit. These people are less likely to be profitable since they do not have an exit plan. Hence it is very important to define your selling price before you buy any shares.
The below is a typical example to show a new investor’s mind set when they just entered the market.A new investor invested in a stock and his stock price rose. He was very happy as he had some good paper profit after a few years. Without proper defining the selling price, he might think that the price will go up further. Due to his greed, he refused to sell even though the stock was overvalued. After sometime, the stock prices started to plunge, but he still hope that the price will rebound and go up higher. The rebound never appeared and his paper profit turned into a paper loss. In the end, he eventually gave it up at a big loss which he held for many years.

We must always buy with the selling price in mind. We must set our profit goal before buying any shares as that helps us trigger our action to take the profit when it hits our target price. Having a goal in mind helps to prevent greed from taken over our mind. If you have never set your profit goal before, I believe now is the time to do it.

My stock gains/losses from Oct 09 to 19 Mar 10

No changes in my portfolio this week. Total gain has increased from $8314.25 to $10159.25 as compared to last week.

DBS Technical Analysis (18 Mar 10)

Support/Resistance:
It is at the middle of major uptrend. Bear flag pattern may be currently forming and there is a chance that the price will drop to the support line at $13.00. However if uptrend continues, there is a chance that the price will go up to $17.50.

Indicators:
Looking at the RSI and Stochastic, these two indicators have seemed to start to go up. However if MACD is able to fall further in the next two weeks, it will be a good opportunity to buy.

My Target Price:
My target buy price will remind unchanged @ $13.00.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Singtel Technical Analysis (17 March 10)

See it for yourself and make your own judgement.

Support/Resistance:
The chart has break out of the minor downtrend. As mentioned in my last analysis two week ago, I am expecting a big price movement. The price just went up from $3 to $3.20 in the last two week.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators may continue to go up. It may not be a best time to buy in my opinion.

My Target Price:
My target sell price will be $3.50.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

SPH Technical Analysis (16 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
The chart is still within the channel between $3.55 and $3.80.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are still high, meaning that it might not be a best time to buy.

My Target Price:
My target buy price will be raised to $3.55.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

SMRT Technical Analysis (15 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
The chart seems to be break out triple top resistance at $1.95. But beware of any fake breakout.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are quite high, meaning that it might not be a best time to buy, but best price to sell.

My Target Price:
My first target buy price will be set at $1.70. If never reaches my target price, I will not buy at all.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

STI Technical Analysis (14 Mar 10)

Support/Resistance:
The chart seems to be forming a bear flag pattern. The strong support line is at 2600. However the chart may be going uptrend to 3200 which is the next resistance line.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are near the half way point. So it may not be a good buying or selling opportunity.

My Target Price:
I will be buying STI ETF, if the index reaches 2600. However if the index reaches 3200, I will sell most of my shares.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Seven Habits of Highly Profitable Investor 1: Be Proactive

To be a highly profitable investor, we must be proactive in every aspect in our investing life.

Firstly, we must be proactive in learning how to invest by yourself rather than dependent on other. The worst thing to do is to let people invest for you as people will not be responsible for your losses. Also you must not ask for tips from your relative, friend, colleague or even your broker. Remember no one is to be trusted. All the investment must be based on your own decision and own your analysis.

Secondly, we must be proactive in learning how to select your stocks based on the fundamental of the companies. Don’t invest in anything that you never hear or have little knowledge in it. Spend some time understand the company financial status by reading the annual report. Remember, don’t ever invest in companies that have been losing money or facing bankruptcy.

Thirdly, we must be proactive to derive your own way to calculate the buying price and selling price for stocks that you are interested in. This is to prevent you to buy at a high price or sell at a low price. As for me, I will normally base on yield of the stocks and basic Technical Analysis (TA) to determine the buying price and selling price. For others, they may have other way to doing the calculation.

My stock gains/losses from Oct 09 to 12 Mar 10

This week I have bought 2 lots of Singtel @ $3.15. So now I have a total of 12 lots of Singtel. Total gain has increased from $7484.25 to $8314.25 as compared to last week.

Bought 2 lots of Singtel @ $3.15 on 12 Mar 10

I have bought 2 lots of Singtel @ $3.15. So total I have 7 lots using cash and 5 lots using CPF money.

Cambridge Technical Analysis (10 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
The graph is at the lower line of the uptrend. It is still a good opportunity to accumulate at this point. If the uptrend continues, it may hit $0.60.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are near the middle point. It means that now is neither a good buying or selling opportunity.

My Target Price:
My target sell price will be the same as last two weeks which is $0.60. Currently I have 45 lots, so will not be buying more.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Singpost Technical Analysis (9 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
The graph seems to be follow the uptrend. If the uptrend continues, it may hit $1.17.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are very high. It is not a good buying opportunity.

My Target Price:
My target sell price will be $1.17. But I will sell half of my holdings @ $1.10 and the other half @ $1.15.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

SuntecReit Technical Analysis (8 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
The chart hits the support line of $1.23 and rises to $1.35.

Indicators:
Looking at the MACD, RSI and Stochastic, if the three indicators fall a bit further, it will provide a good buying opportunity.

My Target Price:
The price may continue to move to up to $1.66. However I am not buying as I feel it is expensive now. However my target buy price will be raised from $1.10 to $1.20. If it reaches $1.20 I will buy some lots to keep, otherwise I will not buy at all.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

STI Technical Analysis (7 Mar 10)

Support/Resistance:
The chart seems to be forming a bear flag pattern. In my opinion, it is not a good buying opportunity now. The strong support line is at 2600.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are still going downtrend. If these indicators continue to fall further in the next two weeks, it may be a good buying opportunity.

My Target Price:
I will be buying STI ETF, if the index reaches 2600.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Investment Rule no. 4:

My Investment Rule no. 4: No discipline is the key of losing money in the market.

We always hear people say, “You can’t go broke taking profits.” However in my opinion, one may just go broke by taking small profit at a time. Most people does not have the idea to maximize their gain and because of that they tend to sell their holdings too early. When come to loses, people are not able to sell their holdings early and end up taking large losses.

Remember this point, investing and trading is not about maximizing the number of winning trades. The two examples below will be used to explain this fact.

Example 1: you win a total of $1000 in 9 trades but in the 10th trade, you lose $10000. Basically you are losing $9000, even though, you have more winning trades.

Example 2: You lose a total of $1000 in 9 trades, but in the 10th trade, you win $10000. Basically you are gaining $9000 even though you have less winning trades.

Every investor or trader should think of their own strategies and must have the discipline to follow it. The strategy must be working for long term and not short term gain. Short term market movement always like to mislead people to go against their strategies. And most of the time, this may result in people losing opportunities to make more money, or can even make people lose more money.

My Quotes/Rules of Investment

My stock gains/losses from Oct 09 to 5 Mar 10

This week I have bought 20 lots of Cambridge @ $0.45. So now I have a total of 45 lots of Cambridge. Total gain has increased from $6784.25 to $7484.25 as compared to last week.

DBS Technical Analysis (3 March 10)

Support/Resistance:
It is at the middle of major uptrend. Bear flag pattern is currently forming and there is a chance that the price will drop to the support line at $13.00.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators continue to fall. If MACD is able to fall further in the next two weeks, it will be a good opportunity to buy.

My Target Price:
My target buy price will remind unchanged @ $13.00

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Singtel Technical Analysis (2 March 10)

See it for yourself and make your own judgement.

Support/Resistance:
It also seems to be breaking out of the minor downtrend, this week and next week should confirm the move. One thing to note, the price movement has been around $3 for many weeks already. I will be expecting a major movement very soon.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators may be going up.

My Target Price:
My first target sell price will be $3.50.
My first target buy price will be $2.40.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Bought 20 lots of Cambridge @ $0.45 on 2 Mar 10

I have bought 20 lots of Cambridge @ $0.45. So total I have 45 lots.

SPH Technical Analysis (1 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
It is facing a double top resistance and a resistance line at $3.80. The chart is still within the price channel between $3.55 and $3.80.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are still quite high, meaning that it might not be a best time to buy. The three indicators seem to be going downtrend.

My Target Price:
My first target buy price will be $3.40.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.