STI Updates – [ Support & Resistance Levels]

14th March, 2020, 10:28 PM

STI Updates – [ Support & Resistance Levels]Straits Times Index - 14th March 2020

Chart Source: poemsview 14th March 2020

What a week right? A rough week would probably be an understatement! Oil crashed, Dow crashed, Yield crash, limit down, limit up and there is still no sign of Covid-19 letting up.

But hold steady and lets have faith that we’ll get through this together. By now, we’re sure Covid-19 is no stranger to the world. Its been grabbing headlines for all the wrong reason and markets are plunging due to fear of how this virus will impact the economy. We’ll still continue to look at our charts to find some clues on when the selling might subside or when a technical rebound might come.

For our STI, we have drawn some support and resistance levels and will be using it as a guide to try to navigate through this crazy times. The first support we see is at around 2510 level, the low of 2016. It had some rebound from there on friday and a good rebound might see STI to close to 2700. We’ll take things step by step for now and after 2700 then 2750 area. The support for us is at 2510 then 2415.  No one can tell when the market will bottom or where the top is therefore its important to have the right mentality when investing or trading.

Don’t fish for the bottom but plan your investment in batches.

Take care when trading and its always good to have an extra pair of eyes to look out for especially during this period.

Have you prepared your shopping list? Drop us a message and we can discuss more.

Yours

Humbly

Kelwin&Roy

 

 

Dow Jones – [ Covid-19 Hits Hard, 7 Days Drop Wiping out 7 months of gains, What’s our plan now? ]

2nd March, 2020, 8:39 AM

Dow Jones – [ Covid-19 Hits Hard, 7 Days Drop Wiping out 7 months of gains, What’s our plan now? ]

Chart Source: Poems2.0

Fear, anxiety, panic gripped the markets last week as traders and investor ran for the exit door.

It was the fiercest and fastest sell down since the 2008 financial crisis. 1000 points drop almost day after day which caused even the gutsiest of traders to flee. The week was just marked with panic selling just as Us markets made new high. Any rebound was met with even more selling and the market succumb nosedive of about 14% for the week.

South korea had the biggest jump of number of infected with over 3700 people infected in just over a week. This caused a huge alarm and panic as South Korea scrambled to contain the outbreak mostly in Daegu.

Italy also reported a surge in cases bringing the total number of cases to over 1100 the second largest infected outside China.

Iran also saw an increase in cases and what was puzzling was that Indonesia has so far not reported any cases. Has market priced in a potential case in Indonesia? US also warned of community spread in its country.

WHO ( World Health Organization) also raised its risk assessment to the highest level warning countries to get ready and be prepared!

All these mixtures of bad news made a perfect storm and reason for selling. And Selling it was!

The 10 year Treasury yield which is a key indicator in global finance also hit a record low on Friday , another sign that investors are fleeing equities for the safety of bonds.  The Cboe Volatility Index also known the VIX surged to its highest level since the Great Recession, warning  that there might be more volatility ahead.

Dow Jones went into correction territory just within the week plunging close to 5000 points from high. Selling was the order of the day even though Trump tried to calm the markets. We all know how bad this week was and so lets  take a deep breath and look ahead to the week. We have drew the chart for Dow Jones with the trendline support and resistance on the chart. Here’s our simplified game plan for the week.

  1. Looking for a rebound (Daring traders might look to long on reboud)
  2. If the rebound is strong and could reach our resistance we might consider to go short.
  3. Market could test the low or even break friday’s low after the rebound.

Stay nimble and watch the charts and news as things could escalate any moment or will Fed come in to rescue the markets?

It’s been a very tough week for all and if you’re feeling depressed and defeated by the market its perfectly understandable.

We’re always here just a message away if you need a second opinion.

 

Yours

Humbly

Kelwin&Roy

Rex Intl – [ Strong Resistance at $0.21, Will It Clear Soon? ]

19th February, 2020, 6:57 PM

Rex Intl – [ Strong Resistance at $0.21, Will It Clear Soon? ]Rex Intl 19th Feb 2020

Chart Source: Poemsview 19th Feb 2020

Rex intl just released some piece of news recently that their subsidiary achieves successful oil flow from Yumna 1 well in Oman. More can be read here.

After the news Rex saw a gap up to 0.189 and pushed up to 0.21. It is now at a strong resistance and testing it twice. It had previously tested the 0.21 five times and was unable to break. For this round, we’re quietly optimistic about a breakout and are looking for targets of 0.23 and 0.25. Some possible scenarios we’re looking at.

  1. Breakout of 0.21 and continue its move to 0.23 and 0.25
  2. Breakout of 0.21 and retest of 0.21 before moving up again
  3. Fail to break 0.21 and start retracing before another attempt.

We’re watching Rex closely.

Drop us a message if you like to know more about Rex.

Yours

Humbly

Kelwin&Roy

 

Frencken – [ Did You See Our Previous Post? Moved Up 4.5% Since Post]

17th February, 2020, 5:55 PM

Frencken – [ Did You See Our Previous Post? Moved Up 4.5% Since Post]Frencken 17th Feb 2020

Chart Source: Poemsview 17th Feb 2020

Frencken was a stock that we just blogged on last Wednesday and in a matter of a few days has risen 4.5% !

From our previous post we mentioned that Frencken was lagging behind the AEM, UMS which had a good run. It was finally Frencken’s turn to shine and shine it did. On a lacklustre monday, we saw some nice upwards movement for Frencken. Using technical analysis drawn on our chart we can see that it has hit our first resistance so some pullback might be expected. If it can overcome this resistance we might see it move higher to our upper trendline.

Drop us a message if you like to know more about Frencken.

Yours

Humbly

Kelwin&Roy

 

Frencken – [ Lagging Behind, Next To Move? ]

12th February, 2020, 5:21 PM

Frencken – [ Lagging Behind, Next To Move? ]Frencken 12th feb 2020

Chart source: Poemsview 12th Feb 2020

Frencken seems a little lagging behind its peers like AEM, Hi-p and UMS.  We drew up some simple trendline analysis to help us understand frencken more.

Could frencken play catch up very soon? Some nearby resistance for frencken at around 0.89. Can Frencken overcome that and move up higher to 0.95? Lets watch!

Drop us a message if you like to know more about Frencken.

Yours

Humbly

Kelwin&Roy

 

 

UMS – [ Here’s What We Did When The Market Turned Weak ]

3rd February, 2020, 7:03 PM

UMS – [ Here’s What We Did When The Market Turned Weak ]UMS 3rd Feb 2020

Chart Source: Poemsview 3rd feb 2020

UMS tumbled together with the broader market as electronic stocks sold off due to fears on how the wuhan virus might affect the economy.

With the banning of travel to in and out of China, this will affect the economy, consumption will slow down for this period as businesses brace for impact.

UMS also took a hit and hit our first target of $0.925 down 4% since our short entry. We alerted our CFD clients for those who have CFDs with us as we don’t encourage naked shorting.

Our next possible target is around $0.89 which we will continue to monitor and see how the wuhan virus is spreading.

We also like to remind everyone to continue to take precautions when heading out and to wash their hands with soap frequently. And to all the front line workers, Thank you for your selflessness and dedication.

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

SIA – [ Here’s What We Did!]

28th January, 2020, 9:02 PM

SIA – [ Here’s What We Did!]SIA 28th Jan 2020

Chart Source: Poemsview 28th Jan 2020

SIA or Singapore Airlines Ltd was a stock that got hit hard due to the spread of the wuhan virus around the world.

Tourism stocks and airlines stocks usually takes a hit as their bottom lines will be affected due to cancellations or postponing of trips.

Medical stocks on the other hand will likely see an uptick as in the recent case like medtecs, top glove, riverstone and a few others.

As for SIA, we felt that it will be negatively hit if wuhan virus continues to spread and we could still be in the beginning phase of this virus. Furthermore, the spread might magnify after the chinese new year visitation.

We alerted our CFD CLIENTS for them to take note of SIA being a short candidate just last Thursday before the cny holidays. As market opened today, SIA immediately gapped down and hit our second target of $8.58. We’re looking at the next downside target to be around $8.40

As the wuhan virus is spreading, do take extra precautions and wash your hands frequently with soap. We wish our readers a healthy and happy lunar new year.

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

Phillip Securities Appreciation Night 2020 – [Top Performing Trading Rep For The Fourth Consecutive Year]

16th January, 2020, 8:36 PM

Phillip Securities Appreciation Night 2020 – [Top Performing Trading Rep For The Fourth Consecutive Year]

 

It’s that time of the year again as Phillip’s Trading Representatives gather to celebrate their achievements, network and to let their hair down.

It is also a time where Phillip Securities recognizes the hard work put in by the various trading reps.

We are honoured to have clinched the Top Performing Trading Rep (CFD& Equities) for the fourth year running.

2019 was a tough year but we got through it, emerging stronger than when we entered.

It was no easy feat to emerge top and we want to give Glory to THE MAN ABOVE! This would not be possible without His providence.

We also like to take this time to thank all our clients who have stood by us through the ups and downs, without your unwavering support we wouldn’t have achieved this.

Our heartfelt gratitude for all the support from our family who have to stood in the gap whenever we’re out for meetings or seminars.

Though the markets might be tough, We believe with the right attitude and mindset we’ll be able to overcome the challenges together!

To end this, here’s a quote from one of our favourite books :

Two are better than one,
    because they have a good return for their labor:
 If either of them falls down,
    one can help the other up.
But pity anyone who falls
    and has no one to help them up.

We are in the midst of planning many exciting Seminars for this year like DLCs, trading in Hong Kong markets and many more.

Thank you once again and we look forward to another year of partnership. Wishing you a Blessed and Prosperous Year ahead!

Yours

Humbly

Kelwin&Roy

Breadtalk – [ Let’s Talk About The Next Target!]

16th January, 2020, 5:41 PM

Breadtalk – [ Let’s Talk About The Next Target!] Breadtalk 16th jan 2020

Chart Source: poemsview 16th Jan 2020

Breadtalk caught our attention back in November 2019 when there was a huge surge in volume. We alerted our EXCLUSIVE CLIENTS then and glad breadtalk went according to plan.

Then in December 2019 once again we saw breadtalk gaining some momentum and alerted our EXCLUSIVE CLIENTS at $0.625. Fast forward a month later and we see that breadtalk has performed  well up  11% and hitting three of our targets.

It has stayed above of target of 0.685 at close and if it manages to stay above this level we might see the next possible target to 0.725 another 5% upside.

Want to be informed of future development of breadtalk?

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

St Engineering – [ Closed Day High, Increased In Volume, What’s Next? ]

14th January, 2020, 6:54 PM

St Engineering – [ Closed Day High, Increased In Volume, What’s Next? ] St Engineering 14th Jan 2020

Chart Source: Poemsview 14th Jan 2020

St Engineering continues it move up after a retracement. It hit our second target of $4.11 from our previous post and closed day high at $4.12.

St Engineering is up 3.5% since our entry price of $3.97 in exactly a week. A very decent gain if you ask us. What  is interesting now is that there is an increased in volume which might help sustain the next up move.

We’re looking at $4.17 which is also the downtrend line resistance as the next target. Lets watch.

Want to be informed of future development of St Engineering?

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy