My last blog post on LCTITAN here.

By and large, I'm a long term dividend investor following Warren Buffet principles.  Most of my gains come from price and dividend gains on sizeable position sizes that makes a difference to my life, across a highly diversified sound dividend stocks.  This has proven to work for me for over 3 decades.

However, there was a long period spanning nearly 2 decade in between when I was a technical trader.  To cut a long story short, whilst a vast majority of trading ideas that is sold and popularised out there didn't beat investing over the long term (after factoring in trading losses, commissions, expenses), however, I did discover a few that worked. 

One of them combines fundamentals + turnaround plays + technical opening gap fills.  And LCTITAN is one of these ideas I currently have a position in.  It's not a quick win approach (although sometimes, we are lucky and the win is super quick).   For me, this style fits me as it allows me to not be close to markets, allow me to spend much of my time at my gainful employment and with my family, such that I only need to glance a few seconds a day after work, to check if this idea has come to fruition or not.  It is almost as low maintenance as dividend investing. 

A word of caution - there is no single trading idea that is 100% guaranteed or perfect.  If there was, I would not be sharing with you for free, and I would be using it quietly for my own benefit.  Since it's not full-proof, I allocate 2%-3% of my capital, to trade this idea, and at 1.04, my position is currently still slightly under-water.  For the record, 2%-3% capital for a trading position is extremely large for me - most of the time, I would be trading 1/10th of this size.

This chart and my previous articles says it all.  The information on fundamentals, turnaround, etc. can be found there.

If you don't catch it, ignore it.

My immediate price target (which can take weeks, months or even over 1-2 years) is for price to eventually close the last unresolved opening gap fill at 1.46.  I accumulated at RM1, and if it gets there in 1 year, that's 46% returns.  If it takes 2 years, that's 21% CAGR.  If it takes 3 years, that's 13% CAGR.  If it takes less than a year, that's a huge bonus.   

We will come back to this chart in 1, 2 and 3 years later to see if the opening gap fills are eventually resolved or not.

LCTITAN is recently listed (2017), so, it's hard to tell, but since listing, current price looks like there is a chance it could be trying to print a massive long term "double bottom". first bottom during Covid low, and second bottom potentially around this time (+/- a few months??).

Cheers!

Disclaimer:  As usual, you are fully responsible for your own investment decisions.