Genting speculation play?

Lowest price at Jun 09 period: $0.70
Highest price at Jan 10 period: $1.32
Lowest price at Feb 10 period: $0.88

Is this an example for short term speculation play? For those who had bought at $1.3X and hold it till now must be very nervous now, seeing his stocks falling more than 30% in just one month. So at what price will it stop falling? Nobody will know.

As mentioned in my post "Investor, Traders and Speculators Charts", identify which types of chart a stock is currently in can save you a lot money.

SMRT Technical Analysis (28 Feb 10)

See it for yourself and make your own judgement.

Support/Resistance:
It is still facing a triple top resistance and a near term double top resistance at $1.95.

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. The three indicators seem to be going downtrend.

My Target Price:
My first target buy price will be $1.70 and second target buy price is $1.50.

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

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

I have sold 10 lots of SingPost @ $1.05 for a profit this week. Now I am left with 15 lots of SingPost. Total gain has increased from $6259.25 to $6784.25 as compared to last week.

Cambridge Technical Analysis (24 Feb 10)

See it for yourself and make your own judgement.

Support/Resistance:
The graph is at the lower line of the uptrend. It may be 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 at the middle. It means that now is neither a good buying or selling opportunity.

My Target Price:
My target sell price will be $0.60. I may be consider buying some more lots at this point of time.

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

Sold 10 lots of SingPost @ $1.05 on 24 Feb 10

I have sold 10 lots of SingPost @ $1.05 today for a profit. I am now left with 15 lots.

SingPost Technical Analysis (23 Feb 10)

See it for yourself and make your own judgement.

Support/Resistance:
The graph is at the lower line of 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. However if it reaches $1.15, I will sell immediately.

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 Feb 10)

See it for yourself and make your own judgement.

Support/Resistance:
It is near support line of $1.23. If this support happens to break, there might be a chance that the price will fall to $1.10. The graph is currently within the minor downtrend lines.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators continue to go down since the past few weeks. If it continues to fall next week, it will provide a good buying opportunity.

My Target Price:
My target buy price will be $1.10

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 from 25 Jan to Mar 10 (21 Feb 10)

As mentioned my last post, I mentioned that I am looking at 10% to 20% fall from the recent peak of 2900. With that, the index may fall till 2500 in Mar 10. Currently the index has reached 2757.

Support/Resistance:
The graph has broken the minor up trend support line. It seems to be forming a bear flag pattern. In my opinion, it is not a good buying opportunity now.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are 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 2550.

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

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

No changes in my portfolio this week. Unrealised capital gain has increased from $3350 to $3375 as compared to last week.

DBS Technical Analysis (18 Feb 10)

See it for yourself and make your own judgement.

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. It might not be the best time to buy.

My Target Price:
My target buy price will be $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 Feb 10)

See it for yourself and make your own judgement.

Support/Resistance:
It is near the lower line of the major uptrend. It seems to be a good buying opportunity. 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.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are neither high nor low meaning that it is not a time to buy or to sell.

My Target Price:
My target sell price will be $4.00
My 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.

SPH Technical Analysis (16 Feb 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.

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 raised from $3.37 to $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.

SMRT Technical Analysis (15 Feb 10)

See it for yourself and make your own judgement.

Support/Resistance:
It is facing a triple top resistance and a uptrend resistance at $1.95.

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. The three indicators seem to be going downtrend.

My Target Price:
My first target buy price will be $1.70 and second target buy price is $1.50

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

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

I will be receiving a total dividend of $312.50 from Singpost on 26 Feb 2010. No changes in my portfolio this week. Unrealised capital gain has increased from $1525 to $3350 as compared to last week.

Cambridge Technical Analysis (11 Feb 10)

See it for yourself and make your own judgement. It is currently at the support of the trend line. If it can hold on to this support, it may be reaching $0.60 as the first target. If that happen, I will be selling all my holdings. Looking at the MACD, RSI and Stochastic, it may be not be the best time to buy in my opinion. Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.

Will be receiving a dividend of $312.50 from Singpost on 26 Feb 2010

Currently I am holding 25 lots of Singpost. The dividend is 1.25 cents per share, hence I will be receiving a total dividend of $312.50 from Singpost on 26 Feb 2010.

Singpost Technical Analysis (9 Feb 10)

See it for yourself and make your own judgement. Singpost chart may be moving towards the double resistance area. In my post "Investor, Traders and Speculators Charts", it really looks like a trader chart.Looking at the MACD, RSI and Stochastic, it may not be a good time to buy now. If there is any speculation in the near term, it will be the best time to sell. Please note that I am using TA to position myself for long term investing and not to predict the direction of the market. My target sell price is unchanged at $1.15.

SuntecReit Technical Analysis (7 Feb 10)

See it for yourself and make your own judgement. As mentioned in my last analysis two weeks ago, I mentioned that SuntecReit is facing triple resistance. I also mentioned that by looking at the MACD, RSI and Stochastic, it may not be the best time to buy in my opinion. I am not saying my analysis is accurate but the price did fall from $1.34 to $1.25 during the last two weeks. I believe that any uncertainty in the market will trigger another sell down.Please note that I am using TA to position myself for long term investing and not to predict the direction of the market. My target buy price is unchanged at $1.10. If the price never reaches $1.10, then I will not buy at all.

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

I will be receiving a total dividend of $344.25 from Cambridge on 25 Mar 2010. No changes in my portfolio this week. Unrealised capital gain has decreased from $2875 to $1525 as compared to last week.

DBS Technical Analysis (4 Feb 10)

See it for yourself and make your own judgement. Last few weeks, I am looking for a correction because in my opinion DBS is overvalued. Looking at the MACD, RSI and Stochastic, it seems that it is going downtrend. Any uncertainty in the market may just trigger a sell down. Please note that I am using TA to position myself for long term investing and not to predict the direction of the market. I have maintance my buy price at $13.00. If the price never reaches $13.00, then I will not buy at all. Knowing to position yourself in the market is very important.

Will be receiving a dividend of $344.25 from Cambridge on 25 Mar 2010

Currently I am holding 25 lots of Cambridge. The dividend is 1.377 cents per share, hence I will be receiving a total dividend of $344.25 from Cambridge on 25 Mar 2010.

Singtel Technical Analysis (2 Feb 10)

No changes in my last analysis as compared to two week ago. 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. Singtel price has been around $3 for quite a some time already and I believe it is going to have some big movement very soon. 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. I am bias on the upside since it has shown sign of breaking out the small down trend channel.