CFD Trading Portfolio update on 31 Dec 2010

As of 31 Dec 2010
Raffles edu @ 0.26
China taisan @ 0.186
CourageMa @ 0.195
China Env @ 0.250

Add AscendasIndR @ 0.92

Sold off Genting HK for profit.

Pick of the Week Challenge: week 52 of 2010

Freeme
Genting HK $USD
Last traded price: 42.5cts
Target price: 45.5cts
Reason: MACD is flat, Stochastic showing chances to rebound while RSi is below 50%. Given that Genting HK is always among the top 30 traded volume. I decided to pick them based on volume and currently trading at the lower end of the trading channel.

Fx hunter
GMG Global
Last traded price: 28cts
Target price: 30cts
Reason: Up factors considered:  -One of the top 20 traded last week. -Strong demand on Rubber -Rubber price up trending -Rebound of Super Low RSI -Over-sold in turn pushes strong buy back

Sheng L
Wilmar
Last traded price: $5.64
Target price: $5.72
Reason: WIL’s share price has underperformed with respect to the general market as FY10 earnings are expected to come in weaker due to a squeeze in its margins, given 1) higher feedstock prices and 2) recent price caps consumer pack edible oils. time for this industry to bounce back!

Alson
FIRST RESOURCES
Last Trading Price: $1.50
Target Price: $1.58 (Buy)
Reason: Compared to Wilmar, Golden Agri, Sime Darby, etc. which has an average of 17.1X, First Resources' 11.6X FY11 earnings makes it on of the cheapest plantation stock within the entire OSK-DMG plantation universe.

Anya
Pick: Biosensors
Last Trading Price: $1.11
Target Price: $1.15
Reason: RSI - Oversold at around 22.8% (Smoothed RSI @  around 38.5%).
20D Bollinger Band with 20/50 Moving Average  - Currently on the low end of BB. Given a flat trading period now, expect the stock to hit at least 1.14 (50D MA) by next week friday, should the volume pick up, potential upside to 1.17 based on the 20D MA.

Fx hunter pick on GMG GLOBAL

Dear all, this is my pick for the last week of 2010.
Star pick: GMG GLOBAL.

Up factors considered:
-One of the top 20 traded last week.
-Strong demand on Rubber
-Rubber price up trending
-Rebound of Super Low RSI
-Over-sold in turn pushes strong buy back




Down factors considered:
-Traders holiday mood
-Losing of investors' confidence
-Bad economy ahead
-Delayed in Ivory coast deliveries
                                                                                      
However, I still strongly believe in this stock in returning to 30 cents in this week.
Wish everybody an advanced Happy New Year.

fx hunter

Straits Time Index (STI)

22 Dec 2010 updates:
Current STI support at 3120. For the next few weeks, it should be range bound from 3120 to 3220. A break below 3120 may see it drift further down to 3040 on 2nd support line. MACD, RSI all look flat. Year end coming and most traders already on holiday. If nothing major happens, it will stay this way until new year.

CFD Trading Portfolio update on 21 Dec 2010

As of 21 Dec 2010
Raffles edu @ 0.26
China taisan @ 0.186
CourageMa @ 0.195
China Env @ 0.250

Buy into Genting HK today at 0.43.

ARA - Based on Graph Analysis

Based on technical analysis without fundamental support, the graph shows a strong upward trend with STO over-bought. The graph also touches the upper boillingband which pushes the stock price even higher.

Estimate target price: +2.5 cents

*personnal opinion. View at your own discretion.

Feel free to comments. Cheers.

1st fx strategy

The indicators consist of RSI, STO and ADX.

With the low RSI, STO and the U-turn trend on ADX. It convinced me a rebound of Euro against USD.

*Personal Opinion by provider. Golden Farmers don't bear any responsibilities in oneself loss.

Pick of the Week Challenge

Rules of the Challenge
Every week by Sunday 2359 need to submit a stock pick listed on SGX to FreeMe. You need to provide the name of the stock, the last traded price and your target price on friday. You also need to write a short paragraph at least to say why you pick the stock. If you fail to submit your stock pick by the stated timing, you are consider forfeiting your pick that week and u will be given 0 marks.

Every week we will tabulate the scores. Ranking will be given based on the higher percentage gain with 5 marks and the lowest of all with 1 marks.

Every last friday of the month we will finalise the scores and bottom 2 rankings will need to offer a treats. Treats for each person should at least be $10 and above.

All scores will be roll over for grand winner at the end of the year and the 4 others need to treat the grand winner with hotel buffet which at least cost $50 and above.

Participants to the current challenge:
1) FreeMe
2) Fx Hunter
3) Ang...
4) Als...
5) Sheng...

Hang Seng Index (HSI)

Currently HSI is trading at abt 22560. RSI below 40% and MACD still at negative position, however, it may just cross over for a rebound. HSI fall on declining volume suggest that the current correction is a healthy one.Rebound may be insight in the next 1-2 week. My pick on friday: HSI23400MBLeCW110128 Stop loss: below 22410 Take profit: 24340 (max)

FreeMe's CFD Trading Portfolio

On my 1st posting, I will be sharing with you on my stocks on CFD account. This CFD portfolio is mainly for trading short-mid term with time frame anything from few days to 6-7 months. As you know, CFD is a leverage tools and can work both ways, Long or short. Usually, I'm more incline to long a counter than short. Occasionally, if I feel like shorting the market, I will use put warrants instead. I will explain the rationale in the future.

As of 15 Dec 2010
Raffles edu @ 0.26
China taisan @ 0.186
CourageMa @ 0.195
China Env @ 0.250