Bought 5000 Singtel shares on 23 Jul 10 using CMC (0.15% comms).
E - 3.09
S - 3.03 (R = $300)
P - Not set but R is 3.16.
Reason:
Stock rebounded from MA100 with a hammer.
Stochastic is turning up near the OS region.
MACD turned green.
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Bought 6000 CMA shares on 29 Jul 10 using IG Markets (0.2% comms).
E - 2.09
S - 2.01 (One bid below the most recent low) (R=$480)
P - 2.11 (Proft protection taken out on 4 Aug 10)
Reason:
Stock started the day with exceptionally high vol.
Stochastic is turning up near the OS region.
Lessons:
Rally on 3 Aug 10 saw price hitting 2.18 but closed the day with 2.16, resulting in a hanging man.
2Q results released: proft dropped 24%. Seems like for this period, it is good to sell at rally and when stock is at/close to stochastic OB or at major resistance. Gave up $480 profit for $120.
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Seems like for this period, don't expect the market to rally for more than 2 days. It's better to take profit and wait for the next opportunity.
Dow - no indication
STI - dark cloud cover (S at 2960) (MACD, RSI & stochastic bearish divergence)
SHI - bearish engulfing (S at 2590)
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Emerging opportunities
SMRT
Macquire Infra
Alibaba
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