I mentioned about Deja vu on Paramon, http://reiccs.blogspot.com/search/label/Paramon and I'm expecting she need weeks to move. And she really takes her time, is already 4 weeks , really testing my patience.
And today she finally make some good move (4%). Lets, see if I can achieve my target in the coming 1 to 2 weeks.
Wednesday 24 October 2012
CMMT target achieved !
Last week on Monday when she broke 1.80, she closes at 1.81 but with low volume, then I thought the
signal that I have mentioned on 13Oct will not turn true so quickly. Indeed she took around 1.5 week to
acheived my target of 1.93 and even high at 1.98 near my 2nd profit target of RM2. From my purchase
price of RM1.60 to RM1.93 is a 20% profit for a 3 months time frame. Hmmm...after seeing the time
frame, some may think is too long for them. For my standard, VI timeframe is expected to be longer, from 1 week to ?(I yet to decide). I used to keep some stock for more than 5 years but since I've learn TA especially trend trading, I do not have the patience for 5 years. Err...maybe Sunreit I would keep this long, lets see. For MP will be 3 days ~ 6 week play.
Well, what a momentum on the last hour :)
signal that I have mentioned on 13Oct will not turn true so quickly. Indeed she took around 1.5 week to
acheived my target of 1.93 and even high at 1.98 near my 2nd profit target of RM2. From my purchase
price of RM1.60 to RM1.93 is a 20% profit for a 3 months time frame. Hmmm...after seeing the time
frame, some may think is too long for them. For my standard, VI timeframe is expected to be longer, from 1 week to ?(I yet to decide). I used to keep some stock for more than 5 years but since I've learn TA especially trend trading, I do not have the patience for 5 years. Err...maybe Sunreit I would keep this long, lets see. For MP will be 3 days ~ 6 week play.
Well, what a momentum on the last hour :)
Saturday 13 October 2012
CMMT-Interesting technical set-up
Monday~Tuesday 15!16 /Oct is crucial to CMMT in TA terms.
On Friday, 12Oct, she shows a few of interesting signal :
1) reached resistance 1.80 with good VOLUME (touch for the 3rd time)
2) at this 1.80 resistance for the 3rd time is like previous 1.64 resistance, which was broken on the 3rd time.
3) and MACD is on the verge of bullish crossing.
4) this is also a Ascending triangle pattern, once break, the projected target would be RM2.
Well, I have been planning to clear my remaining qty in Aug around 1.85~1.89 if she reach in 1~2 weeks time. Well, time flies, she did not manage to reach my target within my time frame, so I have kept and change my strategy to VI.
So, next week this question will pose to myself again, should I sell at 1.89,1.93 or 2.00. Let see how the candlestick & volume during the next week and I will make a decision on this.
If really follow FA, here is a few TP by investment house.
| Analyse date | TP | Rec | Investment House |
| 9/10/2012 | 1.80 | HOLD | KENANGA |
| 13/09/2012 | 2.20 | BUY | HWANGDBS |
| 23/07/2012 | 1.69 | HOLD | RHB |
| 23/07/2012 | 1.62 | HOLD | MAYBANK |
| 23/07/2012 | 1.53 | HOLD | HLG |
| 23/07/2012 | 1.80 | BUY | CIMB |
| 23/07/2012 | 1.86 | HOLD | AMMB |
Tuesday 2 October 2012
2012 Q3 Trade/Investment Summary
Is time again for another review. This time is a 100% strike for MP strategy, though some did not go according to my trading plan time frame. This Q3, I'm adding in CMMT and IGBREIT as my VI stock as defensive play as we are still have an Election risk, right ?
Here you go.....
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