For those with lower risk appetite. Go for SPH a defensive stock. Strong support at 3.60 and now trading at 3.65. Many analysis had a buy rating on this counter given the 2 IR openings whereby there will a surge of advertisment. Also a gives good divident of around 5%. Should run to 4.00 by chinese new year period.
This is one of my favourite blue chips. Strong balance sheets, generous dividends and it will be a major beneficiary of the improving economy as well as the opening of the two integrated resorts (IRs) this year. However, I\'m in no hurry to load up at the current price. Look at the chart:
singaporeanstocksinvestor.blogspot.com/2...thinking-sph_02.html
Today, SPH\'s price action on the daily chart formed a wickless black candle which crashed through both 20dMA and 50dMA before stopping at the rising 100dMA at $3.60 which happens to coincide with a 61.8% Fibo line. If the price breaks through the 100dMA, the 50% Fibo line provides support at $3.52. This happens to be a many times tested candlestick support and resistance level. A stronger support would be at $3.45. Rising 200dMA should limit further downside at $3.30.
singaporeanstocksinvestor.blogspot.com/2...e-to-accumulate.html
SPH is no longer a \"ma pee bo\" company. It is now a property company under the leadership of tony tan. Expect SPH to accumulate more landbank in the future. :laugh: :laugh:
For those with lower risk appetite and with longer term investment, go for SPH. Buy around 3.60 for longer term price uptrend to 4.00 level. Unlikely to go below 3.57 as historically there is a falling window at 3.57 level which will act as a very support level now. Very simple calculation: If you have $100,000.00 and you keep in the bank for one year, you will get at most $1.000.00 in one years time. If you invest $100K ie 27 lots at 3.64 = $98.28K and let\'s say the stock goes to 4.00 in less than one year and you take profit at 4.00 level, you will get around 9.72K profit and after less broken fess, you will still get $9K nett profit. Also do not forget that on top of it, you will still get your CD ( lets say the same as last year at 25 cents ie about 6.8% ) Assuming you invest exactly one year and that this stock close exactly 4.00, you total profit will be $9K + $6.75K= $15.75K. In the worst scenerio, if there is a double dip or crash of the stock market ( which will be very unlikely ), all the stocks will also crash but defensive stocks will crash the least. I POST - YOU DECIDE Good Luck !!!
Those who have bought SPH today at 3.62 to 3.64 level will make money already given the closing price of 3.69. You may continue to hold until Dow Jones start to show one solid red shooting star on the chart which could happen anytime this week.
