How To Feel Richer - Take Time To Be Grateful For What We Have

"Christmas sale!"

"50% discount on selected items"

"What's on sale?" 

"How I wish that was on sale."

"Is it on sale?"

"Why can't it be on sale?"

"When is it ever going to be on sale?"

"OH LOOK! It's on SALE!"

What seems to be the festive greeting these days reminds me of a short story I wrote a long while back one day when I was bored on how consumerism has engulfed Christmas and transformed its intent.

Today however, while browsing through my email, I came across one with a deeper message on being grateful for what we have and to stop counting what we don't - a thought that left me pondering which reminded me of that story I wrote which then led to this post. Talk about being tangentially linked.

Taking time to be grateful for what we have. How many of us actually spend time doing that? It seems that we're too busy chasing after things that we want, only to enjoy it for a short while when we acquire the aim before chasing after the next. To achieve happiness we say. I get caught in the same trap too. But perhaps it would be easier to achieve happiness if we look back and see how far we've come, what we have and what we've achieved, what we've been blessed with - our state of being, our health, our family, friends etc. - and to take time to congratulate ourselves and enjoy their merits. It's a quick way to feel rich internally I feel, which is more important than simply concentrating on our exterior.

So I'm thankful for that email. A Christmas reminder that there's more to life than material pleasures. 

I feel like a millionaire already. Now let me check my wallet...

When's that sale again?

~K

P.S. Merry Christmas eve everyone. =)

Quick Post: Breadtalk Still in Uptrend

Quick post:

As readers would know, I've been following Breadtalk and have vested interest in this company. 

In my last post, I mentioned that prices seem to be in an uptrend channel. See Breadtalk Dips But What Next? for further discussion.

The last time I mentioned that a buying opportunity may be presenting itself (see Breadtalk Buying Opportunity Soon), prices dipped to the bottom of the uptrending channel as well at $0.60. Today a look at the chart without all the other indicators shows a doji forming very near the base of the channel again.

A look at the weekly chart shows this uptrend very clearly with the 14 day moving average supporting the climb. 

This could be another buying opportunity for anyone looking to be invested before price head higher.

That's it for now on Breadtalk.

What did I tell ya? Quick post.

Cheers,

~K

Comfort Delgro's Climb To Resistance Looking A Tad Weak

Good evening everyone,

Today the world's second largest transport company and Asia's largest, Comfort Delgro, price movement caught my eye.

Macro view of the chart without the clutter of the indicators, shows prices are up looking like its trying to overcome resistance at $1.57 with prices closing at its 14 day moving average at $1.54 acting as support. The last time it encountered this resistance on the 17th of Nov, the bears won, dropping prices drastically to $1.45. However, we see that the bulls have been driving the price back up. However take note the divergence between volume and price movement. Danger sign no. 1. This was the same issue with Ascott REIT which I pointed out in my previous posts - Ascott REIT Making A Weak Leap and Ascott's Bounce Unsuccessful - which was proven correct. Does it always work this way? No. But it's a reason to be cautious.

Turning our attention to the indicators of the chart, we see Parabolic indicating buying momentum which is true since price has been ascending. Also, 50dma looks like it intends to form a golden cross  with the 200dma, which is a good thing but it doesn't look like it's going to cross by the end of this week. Stochastics however, seemed to have turned up looking like it'll cross and give a buy signal tomorrow. It has also been forming higher lows, a good sign. That's good news folks.

Next, the bad news. RSI, MACD, OBV and MFI all look to be heading down. Furthermore, despite the positive cut from Stochastics, MACD is cutting negatively. The bars are also inverting into negative territory. MFI looks to be forming lower lows, which is also a divergence from the price uptrend. Another danger sign. Lastly ADX shows selling indicator climbing a possible sign that selling is strengthening. The bright side to this is that the trend is weak so far.

My take: From the looks of it, my opinion is that prices may drop in the near term possibly to its next support at $1.52 - $1.51. However, as the market sentiment seems to be getting more bullish, my guess is that it would only be a matter of time before they push through the $1.57 resistance. However, though unlikely, a break below this could send prices to $1.49 and then to $1.45 if the bulls don't show up by then. Personally with a yield of only 3.4%, I wouldn't think of investing into this for income just yet. I like the company but I'm patiently waiting for another crash before being vested. I'm in no hurry. The waiting game allows me to build up my cash till then.

Not vested (like you didn't figure that out by now haha)

Cheers,

~K