Over the 2 months, I have been loading up DBS, OCBC and YZJ. There are many good articles on the fundamentals of these stocks(i shall not repeat those in the post here), and that was one of the consideration for my purchase. Below are some the links which I find useful:
- why have oversea-chinese-banking-corp limiteds shares gained 25% in value over the last 5years
- are singapores three banks headed for trouble
- why are bank stocks in singapore cheap now
Using TA, if one look at the longer term, timing the market is also important. I am not talking about short term trading but long term trending. If you look at these charts below, you will understand what I am talking about. By buying at the price (indicators highlighted), I am timing the market, but no one can guaranteed that the price will not go lower. I am prepared to hold for few years, thus I am looking at the mega trend and not worried about the daily or the weekly fluctuation in the share price. A friend had cautioned me that the price is quite high, he was comparing with the correction after the GFC. Thus I could be wrong, but I am still holding on to my purchase :).