My gap with STI is narrowed to a difference of 0.01.
Ascott dropped to $1.75. It doesn't help when its cut loss point is below my buying point.
- The MACD line touched the signal line from above, might indicate a secondary downtrend
- RSI has gone below the overbought area and close to the 50% mark. An indication of selling presence.
- The parabolic Stop and Reverse might be touching the price soon. (an indication that a down trend will follow)
- Overall indication are showing signs of a downtrend(most probably a secondary one). The main deciding factor, which is the moving average still healthy (didn't evaluate it based on my criteria due to the fact I'm revising for exams. So its eyeballs for now)
ChinaAviationOil dropped to $1.53. Similar to Ascott, CAO seems to be taking a breather after the recent surge.
- MACD is slightly below the signal line although not by much. Can see from the lack of momentum at this moment. Most probably people are accumulating at the moment.
- RSI showed that market strength dropped back to reasonable range after being in the overbought zone for a while.
- Parabolic SAR seems to approach the price as well. It is normal as every price chart goes up and down. This is just an indicator to show the possibility of reversal in trend.
-Trend is firmly up, no questions about it.
Golden Agriculture dropped again to $2.72. Similar to CAO, due to its meteoric rise, it is understandable. If we use Fibonacci lines, a possible support line could be at $2.50. I don't really believe in that though.
- MACD is showing signs of convergence.
- RSI is still overbought
- Par SAR still some distance
Stock might continue to slide but these are just indicators. Decision will still be based on the price trends, which is still healthy.
Ho Bee is currently undergoing some down trend. I decided not to do anything as its nothing serious and I do not want to incur transaction costs unnecessarily.
- Indicators are similar to golden agriculture except the part in which Par SAR has already been flipped.
Olam dropped to $3.46. This is a strong stock in my opinion. Trend is strong and there is no indication of an obvious retracement. During the correction, Olam, along with CAO and golden Agri, were not seriously affected. This might mean that investors there are unlike me..(haha). Nothing but praise for this stock.
RafflesEdu's price increase to $2.44. The slow mover of the lot (along with Ascott), its main purpose is to ensure that I have some growth in my portfolio as it is rising slow and steady. Watching grass grow might be more interesting than watching this stock.
-MACD indicates no momentum
- RSI shows slightly strong market
- Par SAR still way off to "flipping"
Patience is the key.
Rotary rose today to $1.06. Might be because of the $34mil news. Maybe the price is factored into it already. I entered more positions today, increasing my average to $0.968.
All indicators are healthy. No point saying more.
All in all, today is a breather day for most of my holdings.. Patience is the key, and don't bee too rash (itchy fingers) like before.
Cheers all!Labels: Ascott, ChinaAviationOil, GoldenAgri, HoBee, Olam, RafflesEdu, Rotary |
