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Showing posts from August, 2020

Sembcorp Marine Rights Issue - What to do?

I have 3 options:  do nothing  sell the rights  subscribe  1. Do Nothing There is no cash outlay but if I let the rights lapse  I will then see my  stake diluted when the exercise is completed. 2. Sell the rights I can sell their rights in the market, so this option results in cash inflow .  The rights appear on the Singapore Exchange's website as "Sembcorp Marine R". https://sg.finance.yahoo.com/quote/THFR.SI?p=THFR.SI&.tsrc=fin-srch As the rights have an expiry date, the value of the rights will fall closer to the expiry date. 3. Subscribe This involves cash outflow and would entail paying SMM S$1 to get five new shares for each share currently held. This option would be suitable if I have faith in SMM's long-term future. Which should I choose? I want liquid cash to buy other stocks. So maybe I should sell the rights. In that case I must subscribe first! It might not be a good idea to throw good money after bad. Shareholders may wish to think t...

Buy American Airlines at US$13.44?

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 Should I Buy American Airlines at US$13.44? 1. One green Supertrend. 2. RSI bullish. 3. The airline industry will bounce back fast. This is promising.

Buy Biolidics at S$0.425?

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 Should I Buy Biolidics at S$0.425? 1. Second green Supertrend appears 2. RSI bearish 3. Medical stock It's only 43 cents. No need to think so much. Source:  https://sg.finance.yahoo.com/chart/8YY.SI

7 things about trading US stocks in Singapore

 7 things I need to know to trade the US stock market from Singapore. Why trade US stocks? US stocks can offer higher growth potential than Singapore-listed ones. What are the 3 indices available? S&P 500 Index, Dow Jones Industrial Average, and NASDAQ Composite Index. What time does the US market open and close? 9.30 am Eastern Time (ET) to 4 pm ET from Monday to Friday. In Singapore time, it’s 9.30 pm or 10.30 pm to 4 am or 5 am (depending on daylight savings).  What is the minimum number of shares I can buy from the US stock market? 1 share. In Singapore, it's a minimum of 100 shares. Which is the best US stock market broker on top of low commissions? Check the review list...   https://seedly.sg/reviews/online-brokerages Must I pay tax for dividends and earnings? Yes, there are  taxes involved when investing in US shares  as a Singaporean.  Investors need to take note of withholding tax for dividends, currency conversion fees, and US estat...

Buy ST Eng at S$3.42?

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Should I Buy ST Eng at S$3.42?  1. The second green Supertrend appears. 2. The first pullback after a Supertrend. 3. A tech stock that hasn't gone up yet. If things go wrong, can hold for the long term. Source:  https://sg.finance.yahoo.com/chart/S63.SI

Lesson: Stop Using RSI, a Supertrend is a Super Trend

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 If we were to follow the RSI signals, no one would have profited from this Medtecs spike. 1. The trend is caused by the news. 2. You can still buy if the green Supertrend is at the peak price. 3. RSI show overbought, yet bullish, which has no meaning. Come to worse, cut loss when the red Supertrend appears. Source:  https://sg.finance.yahoo.com/chart/546.SI

Buy SIA Eng at S$1.87?

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 Should I Buy SIA Eng at S$1.87? 1. Third Green Supertrend. 2. The first pullback after 3rd Supertrend. 3. Potential uptrend as the aviation industry evolves to survive. Buy and hold for the long term. Source:  https://sg.finance.yahoo.com/chart/S59.SI

How to use pivot point in trading

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What are pivot points? How can you use support and resistance levels within a pivot point Indicator? What types of pivot points are there? How do you use pivot points?  

Buy ST Eng at S$3.45?

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 Should I Buy ST Eng at S$3.45? 1. RSI is highly bullish. 2. Second Green Supertrend. 3. Tech stock. Source:  https://sg.finance.yahoo.com/chart/S63.SI

How to use RSI indicator

Apply RSI 5 and RSI 14 Apply a short 5 period RSI (RSI 5) over the longer (default) 14 period RSI (RSI 14) and watch for crossovers.  With the RSI 14, there are times when the market does not reach the oversold or overbought levels before a shifting direction occurs.  A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals.  Buy Signal When the RSI 5 crosses above the RSI 14, it means that recent prices are getting higher. A buy signal is then generated, and a 5 vs. 14 cross should happen when the 5 period (blue) is oversold (below 30).  Sell Signal When the RSI 5 crosses below and becomes lower than the RSI 14, it means that recent prices are declining.  This is a sell signal. A 5 vs. 14 cross should occur when the 5 period (blue) is overbought (above 80).  Works well with Pivot Points Experienced traders may find that their trading performance greatly benefits from combining a RSI trading strategy with  ...

Buy Genting Sing at S$0.69?

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 Should I Buy Genting Sing at S$0.69? 1. RSI bullish. 2. First Supertrend pullback. 3. Potential up spike after the covid19 vaccine. Source:  https://sg.finance.yahoo.com/chart/G13.SI

Buy Thai Beverage at S$0.635?

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 Should I Buy Thai Beverage at S$0.635? 1. RSI bullish 2. Second green Supertrend 3. Potential target $0.70 Source:  https://sg.finance.yahoo.com/chart/Y92.SI

Buy UOB at S$20.26?

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 Buy UOB at S$20.26? 1. RSI recent oversold 2. Third Green Supertrend 3. High upswing potential resistance News: PhillipCapital is revising UOB’s FY2020F earnings down 5% to reflect business disruptions from Covid-19, as the bank posted 2Q2020 earnings 18% below previous estimates last week. PhillipCapital analyst Tay Wee Kuang is maintaining “accumulate” on the bank with a reduced target price of $20.40 from $20.70. -  https://www.theedgesingapore.com/capital/brokers-calls/uob-fy20f-earnings-adjusted-5-down-after-weak-2q20-performance-phillipcapital

Buy Genting Sing at S$0.69?

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 Buy Genting Sing at S$0.69? 1. RSI 2. Supertrend 3. First pull back News: Investors sold off the stock of Genting Singapore on Friday (Aug 7), a day after the listed casino operator posted its worst-ever quarterly performance and did not declare an interim dividend for the first half, despite sitting on a huge net cash pile of about $3.3 billion. -  https://www.straitstimes.com/business/companies-markets/genting-singapore-shares-fall-49-after-1633-million-q2-loss

How To Predict Stock Spikes

If OBV (On-Balance Volume) is up, or Money Flow indicator is positive, but no increase in stock price, then the price is likely to go up. If daily trading volume increases to at least double the average, and the price of the stock moves higher, then invest. This is often the beginning of a nice upward price trend. If the stock company name, product, or industry keeps coming up, in social buzz or different sources, then the Hype may drive the stock price dramatically higher in the short term. Source:  https://www.dummies.com/personal-finance/investing/penny-stocks/9-signs-that-penny-stock-is-about-to-rise/

Buy Starhub at S$1.22

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7-day RSI shows oversold buy signal. First supertrend buy signal appears after 3 days. The first pull back may be at S$1.22. Caution though... RSI is already at 53.

Buy Genting Sing at S$0.71

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What to buy today? Using RSI - Supertrend method ... Genting at S$0.71 Rookie Trader Journal

Buying Spree

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 What to buy? ComfortDelgro at S$1.40... Based on RSI, Supertrend and good news.  SATS at S$2.85... Based in RSI and Supertrend. UOB at S$19.92 OCBC at S$8.87 Starhub at S$1.22 Suntec at S$1.35 What to sell? None The rookie trader journal

How do you prevent Supertrend false signal?

One advantage of the smaller Supertrend parameters is that we get more timely entries and exits...  When we lower the Supertrend parameters, we need to use another indicator to reduce the whipsaws and usually it ends up being an oscillator as oscillators are leading indicators. Supertrend(10,3) when combined with RSI(14) does not work so well, but if we combine RSI(7) with Supertrend(5,1.5), it gives interesting results and eliminates a lot of false signals. The general rule can be described as follows:   RSI followed by Supertrend rule: Buy, if you get a Buy signal in RSI(7), followed by a Buy signal in Supertrend(5,1.5) within 2-3 candles. Sell, if you get a Sell signal in RSI(7), followed by a Sell signal in Supertrend(5,1.5) within 2-3 candles. Source:  https://www.investarindia.com/blog/supertrend-indicator-strategy-with-formula/   What to buy today? Koufu S$0.68 (first pull back from green supertrend) American Airlines US$13.73 General ...

Bought DBS x100 shares at $21.05

What to buy today? Using supertrend green buy signals. Koufu SPH DBS (Bought DBS x100 shares at $21.05) Lippo Sembcorp ind Sembcorp Marine Yangzi SIA What to sell? None Rookie Trader Journal

What's the signal today?

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Today's signals ... Buy SPH $1.12 The rookie trader joirnal

🎯My daily stock trading habits - 4 August 2020

🎯 The objective has changed. It's not about buying and holding anymore (aka investment). Now it's about getting in and out quickly (trading). So here's my updated daily stock trading habits. Open Yahoo Finance.  Go to my watch list.  Go through every stock full chart.  Look for the Supertrend Buy signal (range YTD, interval 1D).  If Supertrend shows a buy signal, wait for the first pull-down to buy. Go through every BOUGHT stock full chart.  If Supertrend shows a sell signal, sell, otherwise, hold. Add more qualified stocks to the list. Think of PHP coding to automate all the above. What do you think? What're today's signals... Sell Valuetronics Adrian Lee The rookie trader journal

Poems Restrictive Trade Counter - Medtecs

Today, I spot... Supertrend buy signals... Ford Medtecs AEM Can't buy Medtech. It's classified as a restrictive trade counter. What is a restrictive trade counter? According to this page at... https://www.poems.com.sg/downloads/webinars/pdf/MedtecInternational04022020.pdf "We regret that we will not be able to accept your order for the following security/securities as we have instituted the following trading restriction on the following counter/s listed below. Type of Restriction : Internet trading Counter limit imposed: Buy Only  Counter Name: Medtecs International Corp Ltd Effective Date: [DD/MM/YYYY] 04/02/2020 Effective Time: [00:00:00h] 05:30:00 PM Reason/s:  To control credit exposure." The rookie Trader's Journal