Cory Diary : STI Index - Crucial Juncture

Most people who is well verse with STI Index would probably know that timing matters in STI Index investment. And going in lower will do us well in the future to come. So you may like to know that we are on the cross road for this period and the index is on one of it's low point of the wave fluctuation.

We have Tariffs, Brexit, Rate increase, US Shutdown, Syria pullout and SG Property Curbs and Poor Telco performance. There are so many negatives. Well, without them Index wouldn't be low, right ?

The above chart has a lot of approximations from a novice. So I won't be bothered to try to catch the ultimate bottom but appears 3000 range is strong. Question is do we dare to execute our buy ? I can't imagine if this range is broken. Maybe Trump is right ?



Cory
2018-1225

Cory Diary : Fibonacci Retracement Self-Learning

Fibonacci Retracement

As usual, I am not an expert in Technical tools. We can however try to use this to time our trade after FA. As dividend investor, getting in low enough is important so that we have a better pie in DPU and Capital gains if any.

Using Fibonacci Retracement can be one of a good way but surely not always the right way. Here's what i found on this Indicator definition. In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels.

Thanks to Investing Note again which provide free charting and customization for my learning. https://www.investingnote.com

Again, I am testing and learning. So whatsoever here is for that purpose and is no recommendation or instruction. Using Accordia Golf Trust example again, the lines are drawn. Notice the coincidence happening all around the support and resistance lines too ?

As bad news came in last quarter report, we returned to below $0.70. Will it get worst. I bet there is good chance to retrace to $0.65 based on MACD further guidance. And this level maybe good entry point for me but we can decide later.

Cool ?


Cory
20170613

Cory Diary : Fibonacci Extensions Self-Learning

Fibonacci Extensions

First to say I am no expert and trying to learn by myself Fibonacci Extensions. Why ?

Simply it is one of few key tools we can time our sell trades. For people who are not new to stock trading, there will be time when our stock just runaway after we sold. So when to sell can be useful. When stock hits high when is best time to sell ? Valuation point ? Macro condition ? Tool ? Tips ? Supports and Resistances ?

Using Fibonacci Extensions can be one of a good way but surely not always the right way. Here's what i found on this Indicator definition. There is no need to modify below because is so complete on the definition I feel. Surely is much easier to understand if we have some background on Fibonacci Retracement indicator.

Fibonacci extensions provide price targets that go beyond a 100% retracement of a prior move. The levels for fibonacci extensions are calculated by taking the standard fibonacci levels and adding them to 100%.

Therefore, the standard fibonacci extension levels are as follows: 138.2%, 150%, 161.8%, 231.8%, 261.8%, 361.8% and 423.6%.Fibonacci extensions provide price targets that go beyond a 100% retracement of a prior move.

The levels for fibonacci extensions are calculated by taking the standard fibonacci levels and adding them to 100%. Therefore, the standard fibonacci extension levels are as follows: 138.2%, 150%, 161.8%, 231.8%, 261.8%, 361.8% and 423.6%.

One useful tool I used is in Investing Note which provide free charting and customization for example adding 138.2% line. https://www.investingnote.com

ACCORDIA GOLF TR

As reminder, I am testing and learning. So whatsoever here is for that purpose and is no recommendation or instruction. Using Accordia Golf Trust example, the lines are drawn. Notice the coincidence happening all around the support and resistance lines ? Beauty of nature isn't it, or so to speak since I do have to kind of find the fit into the chart. I have manually added the 138.2% line as I thought it can be important reference.

The blue handles are the key points I use to extrapolate the chart in fiibonacci-cally way ... :)
And they are near good volume as well.

As bad news came in last quarter report, we almost return to 100% range around $0.695. Which kind of happen but only after ex-dividend. If good news has come and hopefully next quarter report, $0.828 or realistically 0.82 (around 161.8%) about range is the resistance point to sell. Of course this has to overcome my 138.2% resistance first.

Exciting ?


Cory
20170611