CityDev

Buy CityDev at $10.82 on 24th Feb 2011

Trade decision conditions:

1. STI falls below 2980 which i feel is the bottom, anything below this point is a long-term trade
2. Dividend of $0.18
3. Technically, the price is travelling very near to 10DMA($10.8). I expect it to cut across any time.
4. Keep for long term.

Stop: $10.54 or may hold for long term.

Rotary

Buy Rotary at $0.90 on 24th Feb 2011

Trade decision conditions:

1. STI almost hit 2980 which i consider as the bottom for the current correction.
2. Rotary is giving 0.38 cents dividends
3. Technically, Rotary had hit the support of $0.87 yesterday (refer to the chart)
4. Fundamentally, the profit and revenue are in uptrend status

Stop: $0.86 (Support at $0.87)

Wilmar update

Stop at $5.20 on 23rd Feb; buy at $5.36 on 18th Feb

Stop decisions:

1. Follow the strategy to execute the stop; discipline
2. Wilmar forms a new low
3. STI broke 3000 points.

Loss: -3%

I will say anything below 2980 for STI, it's the buy time. Let's wait n see, i will start to shop for cheap stocks.

Midas update

Stop at $0.78 on 22nd Feb 2011; buy at $0.83 at 16th Feb 2011

Stop decisions:

1. The consolidation bottom of $0.785
2. STI continues the third leg of short downtrend

Loss: -6%

Wilmar

Buy Wilmar at $5.36 on 18th Feburary 2011

Trade decision conditions:

1. Commodities - Inflation will push up commodities' prices
2. Break $5.35 (10DMA)
3. Break the consolidation top of $5.36
4. STI is very near to 200DMA, selling sentiment is at near end.
5. Singapore Budget Day is today!!! Expect STI to move.

Stop: $5.20 (Support: $5.25)
Target: Immediate target at $5.52; if break it, will continue to hold it

Midas

I decide to learn from Trader Alex to post more specifically on the trade.

Buy Midas at $0.83 on 16th Feburary 2011

Trade decision conditions:

1. Leading manufacturer of Aluminium Alloy.
2. Technically, it almost hit the bottom of the long term sideway pattern (refer to the chart). The risk of taking a buy trade is minimum.
3. STI is at 3075, the selling sentiment is at the near end.
4. Singapore Budget is 2 days away.
5. Long term trend: Bull

Stop: $0.78 (Support: $0.79)

STI downtrend status

The STI downtrend come down to a halt for a breather,

As stated on the above chart, there is 2 downward trend at the moment. I will expect the third one to happen in weeks time. As we can see, the 200MA is not tested yet. I will expect STI to test it's 200MA. And it is around 3040 at the moment. Personally, i feel STI will test 3000 major support.