Friday, September 23, 2011

Capitaland

Buy Capitaland at $2.49 on 23rd Sept

Trade decision conditions:
  1. STI had 2 consecutive huge selldown and created a new low of 2659 which i believed that it may be the lowest.
  2. The risk to take a position minimized
  3. Capitaland defended it's 2 week's low despite the major selldown
  4. Property sector is due to a rally
Stop: $2.30

Friday, September 16, 2011

Genting

Sell Genting at $1.71 on 16th Sept; Buy at $1.645 on 14th Sept

Trade decision conditions:
  1. STI rallied for consecutive 2 days; expecting a slight pullback
  2. Genting touches the resistance price of $1.72; expecting difficulties at this level
Profit: 3.5%

Wednesday, September 14, 2011

Genting

Buy Genting at $1.645 on 14th Sept
  1. Defend it's 10DMA of $1.64
  2. STI hit a new bottom
  3. 3th down day for STI, minimize the risk
Stop: $1.63

Tuesday, September 13, 2011

Genting

Sell Genting at $1.65 on intraday; buy at $1.67
  1. Sudden reversal reaction on STI
  2. Genting cannot defend the $1.66 price
Loss: 1%

Genting

Buy Genting at $1.67 on 6th Sept

Trade decision conditions:
  1. STI was hit down heavily yesterday but a higher low is seen
  2. Successfully defend it's 10DMA of $1.64, expect the short-term 10DMA to hold
  3. Broke out of 30DMA of $1.66
Stop: $1.61