$DairyFarm USD(D01.SI)

Inspired by bro @wellhandy to do some sharing ....

First time sharing ... TA experts 请多多指教

28 Sep 2017: Initiated position in $DairyFarm USD(D01.SI) due to:
1) Double bottom
2) Bullish harami reversal pattern after downtrend
3) Potential MACD histogram crossover
Link: https://s3-ap-southeast-1.amazonaws.com/in...

4 Oct 2017: Averaged down

6 Oct 2017: Closed average down position

10 Oct 2017: Closed above 20MA today.
Have closed my positions
Link: https://s3-ap-southeast-1.amazonaws.com/in...

Disclaimer: Not a buy or sell call. Please dyodd.

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16 likes 111 comments
LevelUp

Closed above 8 today
8.10 (black dotted line) and the 200 MA (pink line) are the next roadblocks ... both of them could be tough to crack .. but we'll see ;-)

LadyOctopus

Reply to @LevelUp : Wow... really.. thks i enter coz i feel is abt there ... not sure if im right... im not gd in candles or chart... still a newie.

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LevelUp

10 Oct 2017:
Very strong buyup towards closing today
Green marubozu and closed above 20MA today.

Congrats to those who are still holding!
Hope this turns out to be a true reversal

Note to self:
Have closed my position a little too early. Sold to UBS
Overall slight loss (including commissions)

LevelUp

6 Oct 2017:
Closed off average down position to reduce exposure.

2V_

Want to see clear double bottom? Check Kep corp (vested)

LevelUp

Reply to @2V_ : K does looks very interesting technically.
Hope T is your good friend :-)

Thanks very much for highlighting.
Looks like I'll need to add it back to the watchlist.

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durian_kia

pardon me for high-jacking...

In TA, ppl look for patterns and signals....
if 7.25 cant hold... ... run first, ask later....

Not vested. DYODD

LevelUp

Reply to @durian_kia : Nah, no worries at all. All are welcome.

The more I think about it, the more interesting it seems.
Interesting in the sense that we are getting quite a number of different interpretations based on the same chart.
Thanks all for the opinions so far!

LevelUp

4 Oct 2017: Averaged down on mid-autumn festival (based on counter-intuition).

Disclaimer: Please dyodd and do not follow blindly. Not a buy or sell call.

Happy mid-autumn festival! Enjoy your mooncakes ;-)

LevelUp

Based on my novice interpretation of the buy and sell trades, there should be funds on both the buy and sell sides.
And the funds seem to be dancing cha cha these few days ... three steps forward ... two steps back ...

Somehow trading this stock is like taking part in a cha cha dancing competition
If dance correctly with the funds, can progress to the next round of the competition (i.e. break next resistance level) and maybe reach finals (i.e. target price)
If dance in the wrong direction, will be stepped on the toes and be very painful (like today).
If dance in the wrong direction too many times, it'll be too painful to dance further and will have to quit the competition lol (i.e. cut loss)

On a more serious note, probably need to see if the support at around 7.50 or at 7.43 will hold.
Not a buy or sell call. Please dyodd and good luck!

vanlicious

7-11 not looking good for sg market. Too pricey and online competition. Is the sg Starbucks under diary farm with mersin getting the exclusive rights?

LevelUp

Reply to @vanlicious : Based on my simplistic calculations, the 7-Eleven chain in Singapore only contributes a small percentage (1.8%) of Dairy Farm's profits.

In Dairy Farm's FY 2016 annual report, we know they have 3,839 convenience stores.
And according to the article below, there are about 430 7-Eleven outlets in Singapore (i.e. 11.2% of their convenience stores are based in Singapore)
http://www.straitstimes.com/singapore/7-el...

Their annual report also tells us the convenience store segment contributes to about 16.2% of Dairy Farm's operating profit.
If we use pro-rate accordingly, the 7-Eleven chain in Singapore contributes to 1.8% of the overall operating profit (11.2% * 16.2% = 1.8%)

As for the SG Starbucks, Maxim should be getting the exclusive rights if I read the article below correctly.
http://www.businesstimes.com.sg/consumer/s...
The SG Starbucks are probably not a major contributor either as the Dairy Farm group is really huge.

LadyOctopus

i mean after today's news isit still valid.

LadyOctopus

after today's bews isit still valid?

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Revision History


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