Saturday, December 25, 2010

Stock Portfolio Updates - Dec 24

a) Ascendas Reit

-About to perform a "golden cross", stochastic rebound from oversold region, RSI around 45 (not overbought nor oversold)

-might have made a double bottom formation

-possible upside ahead...might buy more lots of ascendas reit

b) Ezra

-Performed a strong break out with strong volume last thu, retested support at 1.75 on fri...seems well supported

-might test resistance at 200ma at 1.81 or fall back to technical support at 1.75 or 50ma/100ma support at 1.73

-going to give dividend next week and RSI at around 55 (not overbought neither oversold)

-possible upside but have to remain cautious as candlestick is outside of upper bollinger bands

-wait and see approach

c) Mewah International

-fell with relatively small volume last week

-the cheo family have been accumulating this stock, so i am confident of her prospects

-not much technical analysis possible, but candlestick should find some support at 20dma around 0.99.

d) Sabana Reit

-fell with relatively small volume last week

-not much technical analysis possible, but candlestick should find some support at 20dma around 0.96.

-attractive dividend yield of over 8 percent

e) SPH

- on track to perform a "golden cross" next week or the week after next.

-RSI about 45 (not overbought nor oversold), stochastic rebounding from oversold region

-has for many trading sessions been trying to break resistance at 3.95 (100dma), closed at 3.95 on fri with small volume

-need further confirmation whether 3.95 resistance has indeed been broken by looking at how the stock perform on mon.

f) STX OSV

-RSI, stochastic, bollinger bands, all in oversold region.

-selling volume has been relatively small

g) Swiber

-made a gravestone doji on thu (reversal or continuation of bearish trend?) and formed a smaller gravestone doji on fri

-wait and see

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