Parkway Downtrend since Feb 2018
After hitting the day high of 3.06 on 31.01.2018, Parkway Life started to trend down. Smart moneys always play the same trading game, where a stock will being its climb from the bottom and then end at the top. Parkway Life started at the bottom price of 2.15 on 12.02.2016 and had been trending up for more than 2 years.
The first uptrend started on April 2009 and end around April 2013 which is a 4 years of uptrend. After that it goes sideways for around 3 years till around Feb 2016 where the second uptrend begin and lasted for around 2 years.
The current downtrend is only 6 months old and it maybe another 2 years before the uptrend begin. This is the reason why I preferred to trade dividend stocks or reits as I am still being paid during the dry seasons of waiting as I am slow at cutting losses.
As a trader, you need to know yourself and then trade accordingly. If you are able cut losses un-emotionally, then no need to stick to fundamentally dividends stocks or reits.
Notes: Stock Technical Analysis is based on past pattern and probability, not a call for you to trade. Do Your Own Due Diligent (DYODD).
See also;
Singapore Stock Technical Analysis
My Dividend Investing Strategy
STI ETF - Exchange Trade Funds
How Can I Start Trading Stocks In S'pore
Straits Times Index Stock Price History
Credit Card That Saves You Money