ComfortDelGro: Breakout from congestion

 

Line chart shows the breakout from the trading range.

The breakout had heavy volume.

 

Long-term GMMA is moving in a parallel fashion.
Short term GMMA is expanding and separating from the long-term group.
However, the long-term GMMA had compressed slightly, so need to remain alert for a collapse in the uptrend.

Trading plan: buy at $1.70, take profit at $1.77

Outcome:

 

1 Oct: Opened LONG $1.700
12 Nov: Closed at $1.595
Reason for closing: Stop loss triggered
Loss $0.105, 6.2%

Wal-Mart: Bearish divergence in weekly time-frame

 

Bearish divergence in weekly time-frame.
Weekly Impulse allows to go short in the daily time-frame.

Hitting resistance at $75 in the daily time-frame.
Daily Impulse allows to go short in the daily time-frame.

Wilmar: Island Reversal pattern

Prolonged downtrend, terminating with an Island Reversal pattern.
Rising window with heavy volume.

Procter n Gamble: Breakout from resistance

 Weekly chart shows the breakout from resistance at $67.80.

Daily chart shows the breakout from resistance with heavy volume.

Outcome:

10 Sep: Opened LONG at $68.26
29 Jan: Closed at $75.18
Note: Collected after-tax divided of $0.38905 per share in Nov 2012 (declared in Oct 2012); and $0.38905 per share in Feb 2013 (declared in Jan 2013).
Reason for closing: Price of PG had reached the all-time historical high of $75.18 from Dec 2007.
Profit $7.30905, 11.3%

SPDR Energy: Breakout from resistance

Breakout from $73.00 resistance level with heavy volume over the last 2 days.
Also rebound from preliminary uptrend channel support.

Long-term GMMA well separated and moving in a parallel fashion.
Short-term GMMA compressed and now expanding.


Outcome:
Placed order to buy at $73.10, but was not filled.
Price has runaway, so not chasing the price.

Trades closed in August 2012

None.