MercadoLibre Inc ( Meli) – Technical Levels We’re Looking At

3rd March, 2021, 9:52 PM

its MercadoLibre Inc ( Meli) – Technical Levels We’re Looking At

MercadoLibre 3rd March 2021

Chart source: Poemsview 3rd March 2021

MercadoLibre is the leading e-commerce technology and dominant retailer in Latin America. It holds a lead in its core market and the Company’s website allows businesses and individuals to list items and conduct sales and purchases online in either a fixed-price or auction format. MercadoLibre offers classified advertisements for motor vehicles, vessels, aircraft, real estate and services, and offers online payment services.

What surprising about (Meli)? Well, it isn’t e-commerce that gets most in-the-know investors excited about MercadoLibre’s future.  but rather its MercadoPago payment platform. Initially, the host of digital payments solutions was initially designed to support transactions on the MercadoLibre site, but it has since expanded to an off-platform payment platform and even into an asset management provider.

In the same quarter, MercadoPago saw its number of unique payers reach 60 million, with more than half using it for off-platform uses like buying goods at a local grocery store or gas station. Total payment volume (currency-neutral) exploded by 161% over the prior year’s quarter, with volume for off-platform leading the way with 197% growth.

Financial Results for Quarter ended December 31,2020

Some highlights :

  • Unique active users grew by 71.3% year-over-year, reaching 74.0 million.
  • Gross merchandise volume (“GMV”) grew to $6.6 billion, representing an increase of 69.6% in USD and 109.7% on an FX neutral basis.
  • Items sold reached 229.4 million, increasing by 109.5% year-over-year.
  • Online Payments TPV grew 142.9% year-over-year on an FX neutral basis and continued expanding its merchant base. The sequential deceleration was mostly explained by a higher impact on long tail sellers amidst the easing of COVID-19 restrictions.
  • Mobile Wallet delivered $3.3 billion in Total Payment Volume on a consolidated basis, leading to a 246.9% year-over-year growth on an FX neutral basis.

More can be read HERE!

Our Take

Meli has retraced close to 20% since the high of $2020 and is sitting around its 100ema of around $1600. For longer term investors, this level is one level to consider scaling in as it has reached a good support. $1600-1650 for a starter size might be a good start.

The next two level of support to consider scaling in might be around $1520 and the 150ema of around $1470. Get into your investment in phases and not all in at one time as nobody knows the bottom. MercadoLibre is a great company to diversify your portfolio and with the recent pullback a good opportunity might arise. The resistance is at the downtrend resistance which we have drawn. A break and stay above that might signal more upside and an end to the correction.

Yours

Humbly

Kelwin&Roy

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Poems Oil CFD – [ How To Get Started!]

1st March, 2021, 6:50 PM

Poems Oil CFD – [ How To Get Started!]

Image source: axiory.com

Oil be it WTI or Brent has seen a gradual increase for the past year ever since it hit its historical zero! With more and more vaccines coming into play, economies are slowly recovering and sentiments are improving.

Always been wanting to trade oil but not sure how to?

Introducing our brand new commodities CFDs, UK Oil CFD & US Oil CFD! We are offering both Oil CFDs in 1USD and 100USD contracts which allows for greater flexibility!

UK Oil CFD (Brent) 

UK Oil CFD tracks the spot price of Brent Crude.Taking up roughly two-thirds of the world’s crude contracts, Brent Crude is the most widely used benchmark for oil. Brent Crude is produced near the sea and is light and sweet which makes it ideal for refining diesel fuel and gasoline.

US Oil CFD(WTI )

US Oil CFD tracks the spot price of West Texas Intermediate (WTI).

West Texas Intermediate (WTI) refers to oil that is extracted directly from the wells in the U.S. It is produced in landlocked areas which makes transportation difficult thus more expensive. WTI is the main benchmark for oil consumed in the United States.

What you might be missing out if you’re not trading oil! 

  1. Most valuable resource in the world. Crude oil is the primary source of energy in the world.It is black gold or the “blood” of world economies.  As much as 80% of a barrel of crude is refined into gasoline, jet fuel and distillate fuels such as diesel and heating oils. The rest is processed into petrochemical feedstocks, waxes, lubricating oils, asphalt and other by-products that make their way into thousands of everyday products such as vitamin capsules, tyres and plastics.

    Since the start of COVID-19, oil prices have plunged. Demand has shriveled because of pandemic lockdowns and travel restrictions. Of late, prices have partially rebounded. If you are wondering whether it is a good time to enter the oil market, read on as we explain why we think oil should be in every trader’s portfolio!

  2. High Liquidity .Crude has always been one of the most highly-traded commodities in terms of volume and open interest.
  3. Pent up Demand for oil. With the UK being the first country to approve the use of COVID-19 vaccines [2], the outlook for the global travel industry has started to look positive. As early as March 2021, pent-up demand for both domestic and global travel could be a powerful catalyst for refineries and airlines to restart oil hedging to lock in future prices. International travel is expected to pick up as borders gradually reopen. It is widely perceived that ‘peak oil’ [3] is not here yet. Pent-up travel demand from a widespread success of COVID-19 vaccinations may further increase crude-oil volatility. This makes it an even more compelling trading tool!
  4. Portfolio Diversification. It is wise to have a diversified portfolio and not put all your eggs in one basket.

If you’re interested in learning more or are keen to trade oil. Feel Free to drop us a message or you can open a trading account to get access to our Poems CFD.

Do ensure you understand the risk of trading CFDs and as usual, if you want to know more just drop us a message.

Yours

Humbly

Kelwin&Roy

 

 

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Ping An Good Doctor (1833.HK) – [Surging After Cathie Wood Bought, Is It Time To Take Profits? ]

16th February, 2021, 7:09 PM

Ping An Good Doctor (1833.HK) – [Surging After Cathie Wood Bought, Is It Time To Take Profits? ]Ping An Good Doctor 16th Feb 2021

Ping An Good Doctor (1833.hk) probably one of the hottest stock in HK over the last two days as Cathie Wood bought into in last week. Cathie Wood’s $6.8 million bet on Ping An Healthcare & Technology Co. unleashed a flood of buy orders from copycat investors on Thursday, lifting the company’s market value by a record $3.3 billion.

The Ark Fintech Innovation ETF bought 497,800 shares of Ping An Healthcare on Wednesday, according to an emailed trading disclosure, worth about $6.8 million at the session’s closing price. That was enough to boost the stock by 21% in Hong Kong on Thursday, the biggest gain since Ping An Healthcare’s 2018 listing.

What was interesting is that we actually spotted this stock under a month ago back on 26jan when it was at HK$93.30 =) Click the link below to see our post on our facebook

https://www.facebook.com/singaporehumblestock/posts/3458986134228737

We’re glad it has hit multiple targets as we see PingAn GoodDoctor surged over 50% since our post! As it has been over extended, near term profit taking is not surprising and a test of that break out point of $135 can be expected. A break and staying below $135 could trigger more profit taking. Investors could take the downside as an opportunity to look to scale in once again.

Don’t forget to follow us on our Facebook as we post our updates.

Yours

Humbly

Kelwin&Roy

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Blessed Lunar New Year 2021

12th February, 2021, 7:59 AM

Blessed Lunar New Year 2021 Happy Chinese New Year 2021

Image source: stockadobe.com

We like to wish to you a happy and healthy Niu Year, filled with abundance and prosperity.

As most are off from work, we hope it’ll be a meaningful time of catch up as we gather around family and friends. May you also get some rest and remember to stick by the rules and stay safe!

Singapore market is closed today( 12th feb) and will reopen on Monday ( 15th Feb) 

HongKong market is closed closed today and Monday. It will reopen on Tuesday (16th Feb) 

Us market is open tonight but will be closed on Monday (15th Feb)

Yours

Humbly

Kelwin&Roy

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Qualcomm (QCOM) – [ Worth Looking After The Sell Down?]

8th February, 2021, 10:14 PM

Qualcomm (QCOM) – [ Worth Looking After The Sell Down?] Qualcomm 8th Feb 2021

Chart Source: Poemsview 8th Feb 2021

Qualcomm has been a household brand and commands a strong position among the semiconductor stocks. The company report its first quarter earnings last Wednesday. Adjusted earnings beat expectations but Qualcomm’s sales were slightly lower than what Wall Street expected, sending the stock lower in extended trading. Sales were up 63% year-over-year while earnings grew 119%, powered by increased chip sales tied to a surge in demand for 5G handsets partly due to covid lockdown.

We delivered an exceptional quarter, more than doubling earnings year-over-year due to strong 5G demand in handsets and growth in our RF front-end, automotive, and IoT adjacencies, which drove record earnings in our chip business,” said CEO Steve Mollenkopf. “We remain well-positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries.

Both revenue and earnings came in strong as Qualcomm’s business was propelled by smartphones adopting 5G as well as the electronics boom during the pandemic. Recall that during the onset of the coronavirus pandemic, chip orders initially collapsed and that undoubtedly put a dent in QCOM stock price. However, as remote work and studying became the new normal, the demand for chips increased dramatically.

The demand outstrips supplies as there is a faster adoption towards 5G and eventually chip companies like TSMC will ramp up their production thus allowing Qualcomm to benefit in the longer run. The demand for 5G chipset is only going to get higher over time.

So lets see the chart for possible support points. There is a horizontal gap support of around $143 which will be our first support. Next level will be at around $133. Always scale in for your investment and not go in all at once. In this case, average down when the  stock goes lower is one of our investment strategy. Qualcomm is down around 13% since the high.

Keep a look out for this counter as a one of the 5G play.

Yours

Humbly

Kelwin&Roy

 

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Paypal – [ Why It Made All Time High]

5th February, 2021, 9:32 PM

Paypal – [ Why It Made All Time High]paypal 5th Feb 2021

Chart source: Poemsview2.0

PayPal surged last night(Thursday) over 7% following the release of its excellent fourth-quarter results.

What was amazing is that it added 16 million net new active accounts during the quarter, bringing its total customer count to 377 million. Quite an amazing growth number if you ask us. This rapid increase in active users helped to fuel a 39% year-over-year surge in total payment volume, to $277 billion, and a 23% jump in revenue, to $6.1 billion.

It posted a greater-than-expected profit of $1.08 per share on 23% revenue growth to $6.12 billion. The company benefited from its standing as a COVID-19 beneficiary in 2020, posting a phenomenal 116% annual return. The stock has added another 15% so far in 2021.

From the chart, we pointed out our trade plan for Paypal just a month ago in January detailing how we would trade a stock like this. We’re glad it turned out the way we planned it to be. As always it is always important to have a trade plan. That might be more room for the upside to around $300 which is around the upper band of the trendline resistance. $300 is also a round number so profit taking might start to come in around there. Remember to protect your profits.

Always have a trade plan before doing any trades!

Yours

Humbly

Kelwin&Roy

 

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Square (SQ) – [Watching For The Break]

2nd February, 2021, 10:23 PM

Square (SQ) – [Watching For The Break]Square 2nd Feb 2021

Chart source: Tradingview.com

Square Inc (SQ) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

Square has recently corrected about 20% since the high and is currently at the downtrend resistance line. We’re looking at the break of that resistance of around $224. A break above that might see it move up to $242 in the coming weeks. Square is looking good to us.  The support is the uptrend support line drawn on the chart.

Investors angered by Robinhood’s decision to block them from buying shares of Gamestop, AMC fled to other online brokerage and Square was the beneficiary. Some traders switched over to square which is a mobile payment platform that allows users to transfer money to one another, as well as invest in stocks and bitcoin.

Yours

Humbly

Kelwin&Roy

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January Went Very Well Until This Happened!

1st February, 2021, 7:18 AM

January Went Very Well Until This Happened!

We hoped the month of January went well for everyone as market saw a nice up movement from the start of Jan.

Jan started off well as market was hopefully that vaccines are starting to roll over in the world and hopefully we’ll be one step closer in defeating this virus. Market was also looking forward to a change in President as Joe Biden took office in hopes that he’ll be not so crazy as Trump and having a more moderate approach towards China. All these  led to a good three weeks for Jan then this happened. This translated into a nice rally for the global markets with stocks like IFAST even making a new high.

But as they say all good things have to come to an end. We saw market showing signs of weakness from the third week of January and alerted our EXCLUSIVE CLIENTS to be cautions moving forward. Check it out over HERE! As market started to pullback we also had to cut loss. Nothing to hide here and we don’t want to paint a picture perfect scenario where its all win and no loss! IMPOSSIBLE!

No shame as we alert our EXCLUSIVE CLIENTS regarding the stop loss so that they are aware of the stock’s movement. It is always crucial to have a trade plan, knowing the entry price, your stop loss and target price so you won’t be taken a back if things go south. You’re mentally prepared which would translate to a better and more positive results.

Want be have such a reliable remisier? Want such updates sent to your handphone straight so that you can trade with ease and peace?

Then be our EXCLUSIVE CLIENT and find out how you can be included in our whatsapp broadcast list.

See you onboard soon!

Yours

Humbly

Kelwin&Roy

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Straits Times Index – [ In The Midst Of A Pullback And Here’s What We Did Last Week!]

29th January, 2021, 7:14 AM

Straits Times Index – [ In The Midst Of A Pullback And Here’s What We Did Last Week!] Straits Times Index 29th Jan 2021

Chart Source: Poemsview 29th Jan 2021

Straits Times Index currently having a pullback from a high 3017 which might have come as a surprise for some but we’re thankful that our EXCLUSIVE CLIENTS were warned of this pullback last week. STI had moved up over 5% since the start of Jan and along with other  markets it looked tired and was tough to push higher. True enough some pullback came which is healthy in our view.

We have drawn some support levels for the STI with the 50ema of around 2866 being our major support. Support levels might present chance to scale in for long term stocks.

Want to have such updates sent to your handphone straight?

Then be our EXCLUSIVE CLIENT and find out how you can be included in our trading community.

See you onboard soon!

Yours

Humbly

Kelwin&Roy

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Xiaomi (1810.HK) – [Will It Break From Its Downtrend Line? ]

26th January, 2021, 7:15 AM

Xiaomi (1810.HK) – [Will It Break From Its Downtrend Line? ]Xiaomi 26th Jan2021

Chart Source: Poemsview 26th Jan 2021

Xiaomi(1810.HK) has recently found itself in the US blacklist which bans Americans form investing in companies that are in this blacklist. Naturally on such news we saw xiaomi nosedive over 10% and as everyone panic we saw possible opportunities. So we sent out a message to our clients the next day informing them of some potential support points to look out for. After touching the 50ema Xiaomi did a 10% rebound which actually hit the downtrend line, a good profit for those short term traders.

So what is our trade plan now? Xiaomi is currently near the downtrend resistance line and a break above that might see more bullish action coming in which might take it to around $33.70 levels. If it breaks during the day and doesn’t close above the resistance then we would want to be more cautious as this might signal weakness.

For longer term investors, scaling in at support levels is a strategy we deploy and scaling in in batches too and not going all in at a time is also our preference. We have drawn some support levels so do take a look.

Want to have such updates sent to your handphone straight?

Then be our EXCLUSIVE CLIENT and find out how you can be included in our trading community.

See you onboard soon!

Yours

Humbly

Kelwin&Roy

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