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| Friday, November 24, 2006 |
| Starhub 10th October 2006 (updated 24th November 2006) |
 As shown in the shaded ovals, I have picked out several lines of resistance/support. One line i took note is the line at $2.30. During this period from $2.16-$2.30, there is a high volume of buyers. $2.30 is a strong support line.
At the moment it has hit $2.20. It might stay at this price for a while but will pick up to $2.30 within this month. Doubt it will hit $2.42 as it is a weak support point.
Status: Bought at $2.20
Target: Sell at $2.30 (ideally before issue of dividends)
************************************Updated 8th November 2006*********************
 Might be the end of low cycle. However, now consolidating at $2.20. Consolidation at low volume might mean most people are waiting. Price might start to rise soon. Primary target still at $2.30.
One sign to note is that there isn't much activity as there is no huge indication of overbought and oversold recently.
Target: $2.30 or watever it is by 25th November
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*********************************November 23rd 2006********************************
Like i mentioned above, I should sett by 25th, which is tomorrow. But looking at the trends, it has been trading sideways for sometime. This might be a wrong judgement for short term. Anyways, its recovering soon, and i will use the stochastic as a basis on concentration of trade. Will monitor tomorrow to see if it hits its the 80%.
Status: Sell
Target: $2.20 or when stochastic hits peak
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***********************************November 24th 2006*****************************
Higher concentration of buyers pushed the price up to a peak of 2.30.
Lessons learnt: ALWAYS ride on the profits. Ride on profits, cut on loss
Status: Sold at $2.26
Missed the peak at $2.30. Sold at current price of $2.26 instead as $2.30 might be an overbought price.
Returns of 4.62% in 46 days. Not a brilliant investment return, but its alright
************************************************************************************Labels: starhub |
posted by Nenix @ 9:28 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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