I have recently added some blue chips to my portfolio on 4th June.
OCBC @ $10
OCBC has been testing the support of $10 for 2 days and it seems like a good price to enter. I had been eyeing this counter for a long time and is definitely excited to get it at $10. Yet as part of my strategy to diversify my portfolio, I only added 300 shares.
Sembcorp @$4.01
Sembcorp is another strong counter which has rides the waves of recession and remain strong. About 50% of its profits comes from its utilities business and I remain bullish on their projects to generate more power, water and of course profits.
It has previously generated good profit for me thus I continued to place it on my watch list even after selling it before xd at $4.80 in april. The volume on 5 June is significantly lower compared to the previous 3 trading days which saw price slide from $4.16 to $4.
$4 seems like a good support though I had to admit I might had entered too early. It might probably test this support for a few more days before deciding whether to bounce back up to break support again.
Starhub @ $4.01
Starhub has been testing support since 29th May and $4 seems to be a strong one. $4 was the lowest price in March 2014, October 2014 as well as December 2013. Things can only better from here.
All in all, I think I got these 3 counters at a good bargain and they will be staying in my CDP account for a long long time.
