SMRT Technical Analysis (30 Nov 10)

See it for yourself and make your own judgement.

Support/Resistance:
The chart has hit the major support at $2.01 recently. If this support is broken, there is a possibility that the chart may reached $1.70. Major resistance is at $2.32.

Indicators:
For MACD, RSI and Stochastic, these three indicators are going downtrend, which is a bearish sign.

My Target Price:
I will start to accumulate at $1.70. In my opinion, this is a very good stock with strong fundamental, but I am not buying at the current price. If the price never reaches $1.70, 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.

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

No changes in my portfolio this week. Total gain has decreased from $21229.93 to $20729.93 as compared to last week.

Singtel Technical Analysis (24 Nov 10)

See it for yourself and make your own judgement.

Support/Resistance:
A breakout has occured but fall back to $3.09. The chart is still outside of the symmetric triangle. We shall see whether the break out is real or not in the next two weeks. Major Resistance will be at $3.50 and Major Support will be at $2.75.

Indicators:
MACD, RSI and stochastic are showing some buying momentum.

My Target Price:
It will be a good buy @ $2.75 and a good sell @ $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.

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

This week, I finally got my 2000 units (or 2 lots) of Cambridge Industrial Trust (CIT) in my CDP account after the preferential offering. Cambridge will be giving an advanced Distribution of 0.627 cents per Unit for the period from 1 October 2010 to 17 November 2010. Hence I will be receiving dividend of $395.01 in dividends on 6 December 2010. Total gain has decreased from $24609.62 to $21229.93 as compared to last week.

Will be receiving a dividend of $395.01 from Cambridge on 6 Dec 2010

Cambridge will be giving an advanced Distribution of 0.627 cents per Unit for the period from 1 October 2010 to 17 November 2010. Currently I am holding 55 lots of Cambridge in cash and 8 lots in CPF. Hence I will be receiving a dividend of $395.01 in dividends on 6 December 2010.

Cambridge Technical Analysis (17 Nov 10)

See it for yourself and make your own judgement.

Support/Resistance:
The chart has gone down to $0.535 which is just below the support of the uptrend parallel lines. The major support will be at $0.46 and the major resistance will be at $0.72. I think that there might be a big movement in the next two weeks.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are going down. This may mean that selling momentum may be building up.

My Target Price:
I might be selling most of my lots at around $0.70.

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 Nov 10)

As we can see from the chart that currently the index is hitting the major resistance 1 at 3260. In my opinion, it will be hard to break this resistance at the moment. It might fall back to major support 1 at 2910 or major support 2 at 2650 before trying to break the major resistance 1 again. However if major resistance 1 is broken, the chart may test major resistance 2 at 3600.

Notice that there is a high volume for the last inverted hammar candle stick which looks quite bearish to me.

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 Nov 10

This week, I have applied for 2000 units (or 2 lots) of Cambridge Industrial Trust (CIT) preferential offering. Total gain has increased from $23424.62 to $24609.62 as compared to last week.

Singtel Technical Analysis (8 Nov 10)

See it for yourself and make your own judgement.

Support/Resistance:
A breakout has occured, we shall see whether is it a true breakout in these two weeks. Major Resistance will be at $3.50 and Major Support will be at $2.75.

Indicators:
MACD, RSI and stochastic are showing some buying momentum.

My Target Price:
It will be a good buy @ $2.75 and a good sell @ $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.

Applying for 2000 units of CIT preferential offering

Today I have applied for 2000 units (or 2 lots) of Cambridge Industrial Trust (CIT) preferential offering using ATM machine. The process is very straight forward as I only took about 3 minutes to complete the transaction.

My stock gains/losses from Oct 09 to 4 Nov 10

No changes in my portfolio this week. Total gain has increased from $20424.62 to $23424.62 as compared to last week.

DBS Technical Analysis (2 Nov 10)

Support/Resistance:
Currently, the major resistance is $15.70 and the major support is $12.70.

Indicators:
Looking at the MACD, RSI and Stochastic, these three indicators are near to mid point so there is no lead to any direction.

My Target Price:
Target buy price will be $12.80.

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