2015Apr-SUNREIT all time high !

Is been 2 months since I last blog anything, been busy lately and also having a bad cough for weeks. so no mood to write anything till today.

Well, Sunreit after for 2 years , she hit a high way back in 2013 May (non adjusted price : Highest close at 1.67) . Today she close at 1.70.

Being the only stock that I have keep for 3.5+ years, she is on track of achieving my investment compounding target of 14~15% to be double up by 5 years. I bought her at 1.09 and including those dividend received, she  have gain about 80% from my invested amount. Well, from this progress, I believe I can double up this investment on target of my set period.

I did a projection on the dividend adjusted chart, so the prediction will be Sunreit will climb to 1.90 before another major retracement due for her. Please look below the chart. Lets see this prediction will turn true.

Feb2015: Matrix breakout !

I bought her on 6Feb at 2.83, expecting a successful breakout on that day itself but she closes 2.82 just on the 200MA line.
Then the 2nd day disappointed me as there is no follow up.
I was seeing she manage to hold above the 20MA, this gives me the patience to hold on further.
And PATIENCE does pay !
Finally she manage to breakout successfully with good volume.
There is a minor 1st resistance at 2.93.
Since today is her 1st breakout day, and closes at 2.88,  I'm expecting her to reach the 2nd resistance at 2.99. Lets see how it go, I'm waiting to collect my "Angpao" at 2.99 :)

2014 KLCI closing ! A drop of 5.6% for the year

Since 2009, KLCI has been climbing every year. After 5 years, this is the 1st year KLCI drop and is a significant one of 5.6% (105 pt). Is 10+am now, KLCI has been dropping for 16pt, will this be a signal or indication, this year would not be a good year for KLCI also ? If KLCI not able to climb till upper trendline, then the downtrend momentum would consider intensified. Time will tell. This is the time for the hard core value investor to braise for the difficult time where their paper profit may have half off or for the just bought in the end of 2014, then is a huge loss that would test their patience to to hold on and to average down when the time is right .