Dacai

$Suntec Reit(T82U.SG)Woohoo a new high of 1.54! Who’s also holding this stock? Dancing a happy little jig. Let’s see if this momentum can be sustained. The reit has been looking for opportunities to divest some of its assets in Australia. If successful, it will be able to get cash flow to either pay down debt or redeploy to assets with a higher yield.

$NVIDIA(NVDA.US)The daily and weekly charts are showing a double bottom pattern. The weekly MA50 190.759 seems to be a good support. I think it should be moving up to test 236 soon but it also depends on how Fed will adjust the interest rate. The weak July job report suggests interest rate cuts may be more likely when before this, many people were expecting a rate hike! The market is that dynamic so it is best to control the position size and stick with stocks that one don’t mind holding for long.

$IFAST(AIY.SG)After reaching ATH, this stock traded in a descending wedge and then entered a consolidation phase. It has not been able to break out of this zone for the past 2 quarters but that also means the support at 8.42 is strong. It is still prudent to have a stop loss plan in place in the event the support level fails. iFast is part of the iEdge Next 50 index and CGS Fullgoal Singapore Next 50 Active ETF is going to be launched soon. Hopefully it can give some boost to the price.

$Suntec Reit(T82U.SG)Wow, Suntec reit bounced back faster than I expected from 1.46 so I didn’t manage to get in more but it may test this support again. If there aren’t any major negative events, I think there is a good chance it can eventually break out and challenge 1.51-1.53. Meanwhile, the nice dividend payout in August will reward me for my patience.

$Suntec Reit(T82U.SG)The price has pulled back after ex-dividend which can be a good opportunity for me to accumulate some more units. The tricky part is identifying a good entry point. Although it is not always possible to catch the absolute bottom, I also don’t want to buy at too high a price. If it pulls back more than 50%, there is a risk the price may fall further in the short term. Assuming the dividend is maintained at two cents per quarter, the dividend yield is 5.47% which makes it one of the stronger performing S-reits currently.

$ISDN(I07.SG) 0.62 has indeed held as a support level for ISDN, with the price bouncing rather quickly after hitting that figure. KDJ is 20.543, indicating it is oversold. It will be interesting to see if it can continue to run higher to 0.73 or if it will stay within a range.