Monash IVF

Our trailing sell stop triggered and we finally sold Monash IVF which is listed in the Australian Stock Market after holding more than a year. Since we were busy with the home office renovation, it is not a bad idea to set up trailing stop to protect our profit. We could have made more than what we pocketed today; but who knows where is the highest high. We could have made lesser if we sold our holdings earlier. Anyway, we are glad with the profit.

Australia cash rate is about 1.7 percent given by the banks, especially the big four after the recent interest rate cut last month. Including dividend and the capital appreciation, we have bring home about 34 percent from selling Monash IVF. It is not a bad deal in the current low interest rate and volatile environment!

Since we've got some capital, it is time to hunt for other potential stocks in the OZ market...

What the charts tell us

A quick scan at the daily charts and we've found for DJIA, its nearest support is at 18200. If this level able to sustain, market will slowly test 2016 high, which is 18622. On the other hand, break below 18200 will test next support at 18000. A big correction might comes if Dow broke below 18000, far support-17600.

As for Nikkei 225, the market was range trading between 15500-17000 since Feb till today. Where is the market heading? Will the 28 Trillion stimulus able to move the market higher? Far support we are looking is at 14000. Upside resistance 18000, next 22000. These are the trading range we think Nikkei 225 gonna move for the rest of the year.

We haven't seen any recovery yet for Shanghai Composite Index since the big drop from May 2015. The market had been moving between 2700-3100 from beginning of the year to date. Nearest support for SHCOMP is seen at 2900, next 2800. Resistance 3100. If Shanghai market able to break above 3100, next target 3300-3400. Will China becomes the favourite market for investors and fund managers?

Hang Seng Index rebounded aggressively since the Brexit day close to 19500 from end of June, till today's closing at 21739. Immediate support is found at 21500. If further correction happened, next support we are seeing is at 20500. Near resistance 22500.

KLCI Index and the currency Ringgit considered as the worse performing market in South East Asia region due to 1MDB incident. Market was trading between 1600-1730 for the past seven months. We think KLCI Index will test support at 1640 in near term. Further down, support is 1620. On the upside, resistance is 1670.