Alibaba (9988.HK) – [Support/Resistance, Looking For A Breakout! ]

12th April, 2021, 5:02 PM

Alibaba (9988.HK) – [Support/Resistance, Looking For A Breakout! ]Alibaba 12th April 2021

Chart Source: Poemsview 12th April 2021

Image source: www.bbc.com

Alibaba has been fined 18.2b yuan last Saturday one of the biggest fine ever in the antitrust penalties globally. This fine amounts to about 4% of the company’s 2019 domestic revenue.

Alibaba said it accepted the penalty and will ensure its compliance with determination. “We’re happy to get the matter behind us, but the tendency is that regulators will be keen to look at some of the areas where you might have unfair competition,” he told an investor call on Monday. The company added that it was not aware of any further anti-monopoly investigations by Chinese regulators, though it signalled that Alibaba and its competitors would remain under review in China over mergers and acquisitions.

This fine signals a new era after years of laissez-faire approach as the Chinese govt clamps down on such practices.

So what will the future hold for Alibaba? Well, now that the penalty is determined, the market uncertainty about Alibaba will be reduced and analyst are positive about this move. With JP Morgan restated its overweight with a price target of $320. Hopefully with this market will get getting interested about Alibaba again as we witnessed an upside despite the fine. But stocks like Tencent, meituan fell as they are vulnerable to Chian’s regulatory policy.

 From a technical analysis perspective, Alibaba has been in a side way consolidation for the one month plus. The support is around $217 and $208 while the immediate resistance at $239 area. A break above that might see it move to the downtrend line of around $249 then the next resistance of $265. We’re bullish on Alibaba’s prospects. 

What’s your take on Alibaba? Drop us a line as we would like to know your thoughts.

Yours

Humbly

Kelwin&Roy

 

Straits Times Index -[ Time For Pullback? Here’s Why]

9th April, 2021, 7:07 AM

Straits Times Index -[ Time For Pullback? Here’s Why]Straits Times Index 9th April 2021

Chart Source: Poemsview 9th April 2021

The Straits Times Index (STI) finished Q1 2021 with about 11% gain and its the strongest first quarter of calendar year since 2012. Best of all, our Straits Times Index which was the worst performing index in Asia last year have actually came in as the second best performer amongst the 18 global stocks index! WE got a fighting spirit eh!

The key driver for STI’s performance was mainly due to the banks which takes up about 40% of our STI.

From a technical analysis point of view our STI actually closed below the 5ema which it has been closing above for the past few weeks. Well, its not panic mode for us but this might signal some pullback that is to come in the next few days or so. A healthy pullback is also welcomed as investors now complain everything being overvalued or expensive.

Some healthy levels to pullback to might be the 20ema or even that uptrend line of around 3119. If STI manages to punch above the 5ema again and break out of the current 3220 zone then it might signal the continuation of the uptrend.

Yours

Humbly

Kelwin&Roy

ISDN Holdings- [ On The Look Out ]

6th April, 2021, 7:07 AM

ISDN Holdings- [ On The Look Out ]

Chart Source: Poemsview 6th April 2021

ISDN has been consolidating for awhile now. Other electronic stocks have been running while ISDN Holdings is still in consolidation phase. Could this be the next move? Using technical analysis, current resistance is at $0.645 . If it manages to break that and stay above that we might we it move higher to our next resistance point of $0.685.

The support for us is at 60 cents then $0.56.

What are your thoughts on ISDN Holdings?

Do share it with us.

Yours

Humbly

Kelwin&Roy

Comfort Delgro – [Shifting Gears! Accelerating Forward With Vaccine Rollout]

5th April, 2021, 6:18 PM

Comfort Delgro – [Shifting Gears! Accelerating Forward With Vaccine Rollout]

Chart Source: Poemsview 5th April 2021

🚘Comfort Delgro has been steadily moving up ever since it crossed its 20ema. With vaccine roll out in UK, Singapore and Australia and more people going back to office the demand for taxis should see an uptick. With Singapore now allowing more workers to return to office and no longer have work from home as the default, this would mean more travel to the office and with that a pick up in transportation rides.

It was back in Feb when Comfort Delgro broke above the 20ema catching our attention and they say the rest is history. A nice 10% upside can be seen when Comfort hits $1.80.🚀🚀

In fact we spotted another re-entry as it consolidated around the $1.70 level and broke out! A nice 5% upside seen just within a week since our alert to our EXCLUSIVE CLIENTS at $1.72.  Interest is building up as we can see volume picking up for this counter. A push towards the $1.89 level could be on the cards as the recovery theme continues to be in play.

Want to be the First to receive our trade alert sent straight to your handphone before the stock moves?

Then be our EXCLUSIVE CLIENT and find out how much value is waiting for you!👍

See you onboard soon!

Yours

Humbly

Kelwin&Roy

 

IFast – [ Hitting Our Target, Nice End To Q1]

31st March, 2021, 7:48 PM

IFast – [ Hitting Our Target, Nice End To Q1] IFast 31st March 2021

Chart Source:Poemsview 31st March 2021

IFast has been consolidating for the past month and just on 16th March we saw it tried to break the downtrend line which we drew and with some increase in volume too . With that we decided to alert our EXCLUSIVE CLIENTS on IFast’s happening. Soon after they released news on the launch of its stock and exchange traded funds brokerage service on FSMOne.com in Malaysia. This helped the stock to move up and achieve our first upside of over 3%

IFast closed well to end the first quarter nicely. Our next possible target from the message above is $6.26 and in the mid term we might see IFast challenge its all time high again.

It has been a good March for us and we hope it has been the same for you. Despite US market especially Nasdaq going through a correction, our Singapore market emerged stronger and proved to the world that our STI still can shine. =) If you’re looking for guidance or an extra pair of eyes during market hours, feel free to drop us a message!

Want to be the First to receive our trade alert sent straight to your handphone before the stock moves?

Then be our EXCLUSIVE CLIENT and find out how much value is waiting for you!

See you onboard soon!

Yours

Humbly

Kelwin&Roy

Wilmar – [ Nice End To The Week, Here’s Why ]

26th March, 2021, 4:21 PM

Wilmar – [ Nice End To The Week, Here’s Why ] Wilmar 26th March 2021

Chart Source: Poemsview 26th March 2021

Wilmar has been consolidating for over 3 weeks and has finally made a move up. Volume has started to come in which is a positive sign for us. With that Wilmar manage to hit our first upside target of $5.47. It’s a nice end to the week in addition to Capitaland’s  20% gap up!

Various brokerage houses has been positive on Wilmar which could have led to the increase in price.

We might see Wilmar hitting our next target of $5.56 in the coming days in momentum remains strong. If Wilmar can’t close above $5.45 in the next few days then it might take longer to reach our target.

Want to be the First to receive our trade alert sent straight to your handphone before the stock moves?

Then be our EXCLUSIVE CLIENT and find out how much value is waiting for you!

See you onboard soon!

Yours

Humbly

Kelwin&Roy

UMS – [ Breaking Out After A Rest, Where Next? ]

24th March, 2021, 7:04 PM

UMS – [ Breaking Out After A Rest, Where Next? ]UMS 27th March 2021

Chart Source: Poemsview 24th March 2021

From our previous post on UMS , it took a short break after moving up for 7 trading days. It broke out from its $1.28 resistance and closed above it which is a good sign. Volume also increased which might suggest that the next move up might be in place.

If UMS manages to stay above $1.28 then some upside target we are looking at are $1.32 then $1.38.

Want to cut through the noise and get such trade alerts straight to your handphone?

Want such consistent follow up for such trade alerts?

Then be our EXCLUSIVE CLIENT and find out how much value is waiting for you!

See you onboard soon!

Yours

Humbly

Kelwin&Roy

Capitaland – [ Big News, Big Move In Price? ]

23rd March, 2021, 7:00 AM

Capitaland – [ Big News, Big Move In Price? ]Capitaland

Image source: Capitaland.com

By now most of you should have heard the news of Capitaland restructuring and the planned listing of Capitaland Investment Management (CLIM). The propose of this overhaul is meant to sharpen the group’s focus on strategic growth and create shareholder value.

The real estate behemoth is looking to split itself into two: the real estate development business will be placed under private ownership, while the investment management platforms and lodging arm will be consolidated into a newly created entity called Capitaland Investment Management . (CLIM)

CLIM will hold the managers of all the group’s listed real estate investment trusts (Reits) and business trusts, as well as selected unlisted funds currently managed by CapitaLand. The lodging business, including the serviced-residence management platform under The Ascott Limited, will also become a part of CLIM.

The focus on the new entity is on growth so it might be tough to expect both growth and dividend. Finer details are still being worked out.

This restructuring will separate the capital-intensive and longer gestation property development business and assets.

Capitaland will be privatized and this will make it better able to ride the property development cycles to optimize the returns while CLIM will have the flexibility to choose they type of projects to participate in.

CLIM’s investement portfolio will include over $10.1 billion worth of high-quality income generating properties.

Analyst are generally positive on the proposal.

So now for Shareholders of Capitaland, what do you get? 

Well, if you remember just over a week ago we posted on Capitaland breaking out and  a potential recovery play. If you managed to get in then then here’s what in it for you.

For every 1 share of CapitaLand you have, you would get

  • 1 CapitaLand Investment Management (CLIM) share worth a book value of $2.823
  • 0.155 CapitaLand Integrated Commercial Trust (CICT) units worth $0.328
  • $0.951 in cash

Well, Capitaland’s price looks like it might gap up to around $3.60-3.80 range. Fingers cross and hoping that those who entered at $3.23 might see a nice upside.

Want to cut through the noise and get such trade alerts straight to your handphone?

Then be our EXCLUSIVE CLIENT and find out how much value is waiting for you!

See you onboard soon!

Yours

Humbly

Kelwin&Roy

UMS – [ 7 Green Bars, Time To Take Profits? ]

18th March, 2021, 7:07 AM

UMS – [ 7 Green Bars, Time To Take Profits? ]UMS 18th March 2021

Chart source: Poemsview 18th March 2021

UMS has been up for the last 7 trading days and its up about 14% since our alert to our EXCLUSIVE CLIENTS. 

Venture the last of the electronic stocks finally saw some action after not moving for the last few days. Electronic stocks has seen a good rebound so is it time to book some profits? We have also suggested to our clients that taking some profits at this level might be a good thing from the message above.

Well, its up quite a bit after all and taking some profit off the table especially if you’re trading might be a wise thing to do. This way, you can free up some capital and move into another stock to stretch your dollar. Remember to always have a plan and if it hits your  target, take some profit and rotate your capital. Taking half or 3/4 profit at this stage is what we might do.

Our next potential resistance might be around $1.31

Want to cut through the noise and get such trade alerts straight to your handphone?

Want such consistent follow up for such trade alerts?

Then be our EXCLUSIVE CLIENT and find out how much value is waiting for you!

See you onboard soon!

Yours

Humbly

 

HKEX (388.HK) – [Is The Sell Off Over?]

17th March, 2021, 7:15 AM

HKEX (388.HK) – [Is The Sell Off Over?] HKEX(388.HK) 17th March 2021

Chart Source: Poemsview 17th March 2021

The Hong Kong Stock Exchange is the exchange base in Hong Kong and its the world’s largest bourse in terms of market capitalization surpassing Chicago-based CME. As of end 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is also one of the fastest growing stock exchanges in Asia.

This stock exchange is owned by the Hong Kong Exchanges and Clearing Limited ( 388.hk). The Hong Kong Government is the single largest shareholder in HKEX, and has the right to appoint six of the thirteen directors to the board.

Just a while back Hong Kong’s government increased its stamp duty on equity transactions on the city’s stock exchange for the first time in almost three decades which caused a knee jerk reaction despite posting three straight years of record profit.

Now, is the selling done? Has the selling been a bit too much?

Lets take a look from a technical perspective. 

HKSE(388.HK) has corrected about 26% from its peak and its a healthy correction to us. It has found some support at around HK$437 and its starting to build a base around there. The 5ema is current its immediate resistance . It tried to break that yesterday but didn’t managed to. A break above that might see a test to the 10eam then the 20ema of around $476. For long term investors, this might present a good opportunity to scale in at this level. The next support we might see is around $415 if the horizontal support doesn’t hold. The mid term upside target might be $508.

Will update more as time goes by. We’re bullish on HKSE in the longer run and such a fall present us with a good chance to scale in.

Yours

Humbly

Kelwin&Roy