On mid-term trading and investment...
Disclaimer: The ideas expressed in this blog should not be construed as an enticement to buy or sell securities.
Thursday, 15 August 2013
Stopped out of Yanlord at $1.255
STI drops below support of 3212 and turns bearish. It's a bad sign. I decide to cut loss at $1.255 and incur a loss of 4%.
Tuesday, 13 August 2013
Bought Yanlord at $1.305
As China market did a breakout, Yanlord broke out of a tight price range with 2 consecutive white candles and twice the average volume. Today, the price retracts to $1.28 and buyers push the price back to $1.305. I deem this as a good sign to buy. Cut loss will be set at $1.26 for a tight cut loss of 4%.
Monday, 5 August 2013
Sold Wilmar at $3.15
I have no confidence in the 2Q result to be released tomorrow. Profit is just a mere 1%.
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