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| Tuesday, October 02, 2007 |
| Wheelock |
It has hit my buying trigger recently and it looks healthy. Property development counters are quiet recently due to all the buzz on China stocks. This counter is still lagging from its all time high and looking at other counters, they are lagging as well. Maybe it is due to fundamental reasons like property tax hikes etc but that's not my scope of analysis.
As a trend follower you can see that
1) A trend has emerged
2) SAR indicator is showing an uptrend
3) MACD going towards the positive region
4) MFI showing strength in market
5) It is currently 21.229% off its high of $3.58
However,
1) Short term uptrend might be a dead cat bounce (not likely)
2) Strong Resistance at $3.56 region
Regardless, I've bought some at $2.82, though at a premium, but this has a trend. I think the returns will be rather modest and trend might break at 3.56 (although I will still hold until it shows a clear reversal in trend). The cut Loss based on its activity should be placed at around $2.6, our reversal of trend, which ever comes first.Labels: Wheelock |
posted by Nenix @ 10:25 AM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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