Trade Summary - Early August 2009

For the first 2-3 weeks of August, I was trading badly without much patience. Too eager to make the killing resulted in early entry where trend was not confirmed.

For this week's trade, I stared again with 5 new entries:

1. AscendasREIT - bought at 1.64. Buy signal.
2. CapitaMall - bought at 1.55 on buy signal.
3. Keppel Land - bought at 2.62 on buy signal.
4. Meiban - bought at 0.35 on buy signal break out. Could be false break out.
5. Wing Tai - bought at 1.75 on buy signal.


Here is the chart of Ascendas Real Estate Investment Trust. The buy signal based on RSMA expert coupled with over sold situation and low MACD. The counter seemed to be moving along an uptrend channel. However, it has gone through many waves and potentially, it may be exhausted. If it breaks the bottom trend line, then, can exit quickly. If it breaks the upper trend line, then, there is potential for break out.