JeremiahYeo

STI Index has been trading within the range of 3195-3350. Could it have a firm breakout above this range? The current technical indicators looks overextended and I believe we may be poised for a pullback towards 3300 before a possible move higher.

Most blue chip counters already had a nice run coming into the result season. Could we see another similar scenario like last quarter where stocks ran into the earnings season and sold down on news? In my opinion, that is very likely.

My strategy as of now? Take profit off cyclical counters ($OCBC Bank(O39.SI), $DBS(D05.SI), $CapitaLand(C31.SI), $Keppel Corp(BN4.SI)O and focus on laggard stocks that have has been underappreciated ($ST Engineering(S63.SI), $SingTel(Z74.SI)).

Near term resistance:
$DBS(D05.SI): 22.20
$OCBC Bank(O39.SI): 11.60
$UOB(U11.SI): 24.60
$CapitaLand(C31.SI): 3.74
$Keppel Corp(BN4.SI): 7.50

Near Term Support:
$ST Engineering(S63.SI): 3.34 (Consolidating a bottoming pattern that is supported by long-term uptrend)
$SingTel(Z74.SI): 3.70-3.73 (Broke out of trading range 3.64.3.73)

Any thoughts? Would love to hear from the community.

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13 people like this.
JeremiahYeo :

DBS looks very topish.

Sporeshare :

I think market could be due for a small correction then follow by a major correction around Dec/Jan.

retiringauntie :

Keppel seems to have room to go up. resistance level at 7.45

Arsenal :

ST Eng just beginning to turn and you are right will monitor closely thank JY

tansiowc88 :

ST engineering : Agreed with your analysis. CapitaLand, I believe it still has room to go up. Once break resistance of $3.75, it will go above $4. 3rd quarter result will be the key catalyst to break the resistance.

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opy avatar
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opy

One year since I started my investing journey again ;-p

- Fun Fund (-25%, fortunately just a small sum)
- Itchy Hands Fund (-4.5%, need cure for this urgently)
- Lifelong Investing Fund (+15%, mainly SRS at the moment)
- Reserves (making 1-3% yearly interest in banks, SSB)

Realized Fun-fund is really fun but no fund... I use SCB to trade penny stocks, in and out too often without any plan. Buy at peak, sell at bottom. People buy before news and sell after, I do the opposite. $Rowsley^(A50.SI) $Delong(BQO.SI) $Falcon Energy(5FL.SI) just few from top of my list.

Itchy hands got me into similar but bigger troubles (as these are bigger sum trades). Managed to exit with small gain on $M1(B2F.SI) $ComfortDelGro(C52.SI) but now got trapped by $Best World(CGN.SI) $Hi-P(H17.SI) Not feeling good as I think these stocks will take many many years to get back to this level (or never) if the long anticipated crash finally arrives.

Lifelong Investing Fund mainly from the SRS bucket. I feel I am doing fine here. Other than taking profit far too early $DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $Venture(V03.SI) $Keppel Corp(BN4.SI) to name a few. All exited with 25% or higher gain. Most would have been 50-75% gain by now. Venture went more than doubled. But well, 15% gain overall is not too bad for me for now. For this bucket, I feel totally at ease even if the mega adjustment came. As it is sitting at average 5.67% dividend yearly. Mostly in stocks which I feel will still be here at least for another 10-15 years. Mostly REITs but heavy on $SingTel(Z74.SI) and lately into $UMS(558.SI) too.

I am still heavy on reserves as I don't want to repeat same mistake back in 2007/8/9. All fund trapped at peak and no more fund to have fun picking cherries. I shall be happy with the 1-3% return while continue to wait for the price like DBS $15, OCBC $8, UOB $18, Venture $9, Keppel Corp $5 and so on. Lower better. Buy and keep for 20 years.

The wait continues, meantime it is learn and learn whenever time allows.

Cheers.

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Sporeshare

TRADING BUY Opportunity :
$Genting Sing(G13.SI) - TP 1.50-1.55
$SingPost(S08.SI) - TP 1.40-1.45
$Centurion(OU8.SI) - TP 60-65
$Hong Fok(H30.SI) - TP 1-1.05
$Sunningdale Tech(BHQ.SI) - TP 2.25-2.30
$UMS(558.SI) - TP 1.10-1.15
$Valuetronics(BN2.SI) - TP 1-1.05
$Jiutian Chemical(C8R.SI) - 8-8.5
$SingTel(Z74.SI) - 3.85-3.90

Is not an inducement to Buy or Sell.
Ensure You have a proper plan.
If would like to learn more about trading ,do visit : https://www.investingnote.com/store/produc...
Dyodd

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Angewandte

Recently, I got into some trouble with some organization as 'some idiots' at my workplace started spreading rumours that I am engaged in some form of illegal activities to fund my lifestyle. Though I don't know who was it, I was sure it was from my workplace.

I am only in my late twenty and just started working not long ago after graduating from university. I am drawing a salary of 4k ++. I travel once per quarter and eat at random fancy restaurant once a week. My average spending a month (excluding travelling) is around 3k ++ (car instalment, food, outing and allowance for parent).

What many of my colleagues don't know was that I started investing since my polytechnic days (about 8 years ago). I gathered a huge pool of warchest back in 2010 during world cup and have started investing for dividend ever since. Throughout my journey, I made 2 lucky multi-bagger (ShengSiong and MM2). The multi-bagger caused my warchest to increase greatly.

Now I invest mainly in blue-chip for dividend. My average monthly passive income is about 1k which I will usually reinvest. My job is very stable and thus I am able to spend without worry plus I know I am able to secure another job easily should the need arise.

After the trouble was cleared, many 'lao jiao' in my company started advising me to save for rainy and stuff. They are the type who are planning to work, save and wait for retirement which might never come. I just nodded my head and tell them yes yes yes.

I don't want a stable lifestyle, I want an enriching lifestyle. My advice to people is always to take mini-retirement by going on a holiday whenever possible. Don't be afraid of judgement and never stop learning.

If you are in your early twenty and you are poor, It is normal.

If you are in your early thrity and you always looking forward to payday, You have to work harder.

If you are in your early fourty and you fear of losing your job, You have to reflect on your life.

Don't be jealous of other people lifestyle, instead work on your own lifestyle.

Cheers

Current portfolio.

$STI ETF(ES3.SI) $SingTel(Z74.SI) $CapitaMall Trust(C38U.SI) $ThaiBev(Y92.SI) $Frasers Cpt Tr(J69U.SI) $SATS(S58.SI) $Jumbo(42R.SI) $Cogent(KJ9.SI) $Metro(M01.SI) $Old Chang Kee(5ML.SI) $Sembcorp Ind(U96.SI) $DBS(D05.SI) $OCBC Bank(O39.SI)

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