DBS – [ Inching Towards Our First Target, What Should We Do? ]

18th July, 2019, 9:40 PM

DBS – [ Inching Towards Our First Target, What Should We Do? ]DBS 18th July 2019

Chart Source: Poemsview 18th July 2019

DBS the strongest in terms of price movement amongst the three local banks. It has seen its price moved up over the last few days whereas OCBC and UOB were moving in a sideway pattern.

We’re glad we managed to catch this upswing and alerted our EXCLUSIVE CLIENTS on it on Monday when DBS was well supported by the 5ema.

It is now moving close to our first target of $26.40 which is just 5 cents away. As the market seems a little wobby to us we would want to protect profits at this point and not expect too much. It is better to make lesser profit then to have a profitable trade turn to loss. Blue Chips stocks like banks and property stocks are somewhat in a drifting phase and we’re monitoring for the next course of action.

We have drawn out our trade plan for DBS, do you have a trade plan?

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Yours

Humbly

Kelwin&Roy

 

ThaiBev – [ Broke Out And Up To Our First Resistance Point ]

10th July, 2019, 8:30 PM

ThaiBev – [ Broke Out And Up To Our First Resistance Point ] ThaiBev 10th July 2019

Chart Source: Poemsview 10th July 2019

Thaibev which we mentioned just last week has indeed moved up with the reasons which we pointed out in our previous post. It has seen a nice  2.5% upswing within contra period which is an added bonus. It is currently at a critical resistance of $0.88 as drawn.

So an entry at $0.865 might be valid as it manages to stay above the $0.88 resistance. For such a trade, one has to stay alert and nimble.

There is a gap resistance at $0.88 unless Thaibev manages to stay above that then there might be a chance to cover the gap. Volume should also come in in order to sustain the move.

Want to know more about our plans for ThaiBev?

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Yours

Humbly

Kelwin&Roy

 

 

 

ThaiBev – [ Broke Out? Real Or Fake? ]

5th July, 2019, 8:25 PM

ThaiBev – [ Broke Out? Real Or Fake? ]ThaiBev 5th July 2019

Chart Source: Poemsview 5th July 2019

The previous time we mentioned ThaiBev was in early May when it was trading around $0815 and we warned of further downside. True enough the downside came and it went down all the way to a low of $0.735. A very decent downside if you ask us.

Thaibev has caught our attention once again and this time we’re looking at it for some upside if possible. Don’t forget that ThaiBev is part of the STI component stock.

It has broken out of its horizontal resistance of $0.86.

1..It managed to stay above that at closing which is a good sign.

2. Volume is much more than previous days

3. Moving averages are sloping up.

What other points are you looking at?

Where would you place your stop loss or entry?

Want to know more about our plans for ThaiBev?

CLICK HERE to see how you can learn how to plan a sound and actionable trade plan and to be part of this EXCLUSIVE COMMUNITY to enjoy such value added services.

Yours

Humbly

Kelwin&Roy

 

 

Apac Realty -[ Watching For The Break, What’s Your Trade Plan Like?]

3rd July, 2019, 3:02 PM

Apac Realty -[ Watching For The Break, What’s Your Trade Plan Like?]

Chart Source: Poemsview 3rd July 2019

Apac Realty has seen a nice base forming recently and is also being supported by the 5ema which we talked about in our seminars. It is also supported by the uptrend line which adds to another positive sign.

Apac Realty is currently at the horizontal resistance of $0.56. We’re keeping a lookout for it as property counters like Capitaland is still moving today.

Want to know more about our plans for Apac Realty?

CLICK HERE to see how you can learn how to plan a sound and actionable trade plan and to be part of this EXCLUSIVE COMMUNITY to enjoy such value added services.

Yours

Humbly

Kelwin&Roy

Straits Times Index – [ Rebound Rebound Rebound! Updates Updates!]

1st July, 2019, 9:09 PM

Straits Times Index – [ Rebound Rebound Rebound! Updates Updates!]

Chart Source: Poemsview 1st July 2019

Straits Times index or STI along with regional markets saw a nice upside after the G20 meeting. A positive outcome where US and China are ‘back on track‘ with no further trade tariffs in the near term as leaders will resume trade talks.

As for our STI, ever since we alerted our readers of the potential rebound on 5th June, STI has made a V shape recovery which is rather impressive in our humble opinion. STI is up close to 7% which in less than on month which is very good according to us. Many blue chips counter like Wilmar, Capitaland, UOL, our three local banks have seen a nice rebound.

If we take  a look at the chart now we can see that STI is nearing its resistance but if the bullish sentiments continues we might see it breakout of that and retest the previous high of 3400 area. We’re using the 5ema for now as a guide for the support as that has been supporting the index for the last few weeks.

Lets keep watch. Fed meeting is at the end of the month, could the market run ahead of it with a possibility of a rate cut?

Do CONTACT US if you want to know more.

Yours

Humbly

Kelwin&Roy