Capitaland: Explosive Movement

Wanna talk about Capitaland, as I have been waiting to see if something is happening. I chanced upon looking at the chart and seeing some accumulation going on as somehow I had a gut feeling that something is amiss with the property sector. Indeed the BBs had pressed the button later and pushed the property sector price within one day (other property stocks like UOL and Kepland was rocketing too). Will this stock continue to move up further? I think it will but given the deep correction by the US market has dampened the momentum of Singapore stocks, it might just hover around until release of earnings by Capitaland but beware of tricks by the BB!

STATS ChipPAC: Taking Profit After a Long Wait

Profited from this stock STATS ChipPAC with a small profit. It was actually a stock meant for punting. I bought this stock at $0.465 in January 2014 seeing a breakout after it bounces twice from the low. It did move up but not much and came down again making a paper loss. As it was just a small punt, I left it there to run as there might be a second run. Indeed, after 6 months, something was brewing for this stock and later it shot up high. I unloaded at 0.635 after sensing the Big Boys have finished unloading their stocks. Shy of the high but it was a reasonable TP price for me to sell. Sold immediately and the next day came the trading halt and fall of price! A small profit of 36.6% for kopi.

United Engineers (UE): Whooping 26% profit!

Closed UE for a small 26% profit! However I admit I was late in the entry as I was distracted from work during the period of breakout. Though it might go higher later, closed for profit first as it has gone too far up and BBs are waiting to dump shares at 2.40 to buyers resulting in a reaction.

Noble Group: A Simple Fibonacci trade

A simple trade on Noble Group. Traded based on fibonacci which it rebounded on 38.2%. Entered the trade abit later cause of busy work schedule that I keep forgetting to place the trade. Let go at 1.30 as that seem to be the dumping point for BB. It went to a high of 1.31 closing on thursday before dropping to 1.28 today.

The Weekly Review

Seems like Dow Jones Index has reached a resistance. Prelude to a downward movement?

STI showing similar pattern.