Chip Eng Seng – [ Chipping Away Its Resistance]

20th March, 2018, 9:32 PM

Chip Eng Seng – [ Chipping Away Its Resistance] Chip Eng Seng 20th March 2018

Chart Source: Poemsview: 20th March 2018

Chip Eng Seng has been holding up well over the last few days despite markets being choppy. It has held above its 20ma and had a fake breakdown of its horizontal support of 0.935. It could have attracted shortist which was then forced to cover as Chip Eng Seng started heading south.

Chip Eng Seng also saw an increased in volume coming in today which is higher than the last month’s daily volume. It slowly took out its resistance during the day and closed above its 0.955 resistance.

Chip Eng Seng next resistance might be 0.975 then $1. And of course our Exclusive clients were informed of our trade analysis when Chip Eng Seng was at 0.940.

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Chip Eng Seng – [ Another One To Hit Our Target ]

19th February, 2018, 10:53 PM

Chip Eng Seng – [ Another One To Hit Our Target ] 

Chip Eng Seng 19th Feb 2018

Chart Source: Poemsview 19th Feb 2018

Chip Eng Seng came roaring up today hitting our first target of 0.98.Ever since it broke the horizontal resistance of 0.935 as drawn there was no turning back.

It was on our TOP5 shopping list which we sent to our exclusive clients that has hit our target. Third in a row. =) Well, actually we have another stock that has hit our target but will share later on.

Chip Eng Seng it currently being resisted at the 20 days moving average. An increased in volume today is healthy and we might see it break that resistance.

Our next possible target might be 1.04. Our support would be 0.88

Its been a week since we sent out of TOP5 shopping list to our exclusive clients and we’re in the midst of consolidating another 5 more.

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Humbly

Kelwin&Roy

 

STI – A Special Edition & Stocks Updates

4th February, 2018, 9:02 PM

STI – A Special Edition

Chart Source: Poemsview 4th Feb 2018

As Dow Jones took a nosedive of 666 points on friday night we would expect some negative sentiments to follow through to Asia side.

As such we have come up with a few charts and drawn some support levels that might hold.  We know that traders might panic as the sell down on friday night was about 2.54% which could trigger some margin calls too.

Remember to remain calm and as usual and as naggy as we might sound always have your stop loss in place , that way you won’t be taken by surprise losses. Our protective stops are always in place too.

So looking at our Straits Times Index (STI) it has actually broken down from our short term uptrend support line and we might see a pullback to 3472 then 3440 area. We find a healthy pullback is good as it allows investors to come back to the market. So be patient and wait for the dusk to settle before considering long positions.

Cosco after having a nice uptrend and capturing it since 0.425 might also start seeing a pullback. It has also broken down from our uptrend support line and could see a pullback to 0.46 first.

YZJ Shipbldg has been trying to break back into its uptrend support line but doesn’t seem to be able to. Since its Stellar performance from 1.51 a pull back would be deemed healthy for us.  The support at 1.57 might not hold and we could see 1.50 as our first support and then 1.48 we’ll see how it goes from there.

Sembcorp had a very good run on Friday but negative sentiments could flow through and some pullback to 3.48 then to 3.43 could be on the cards.

Chip Eng Seng had a nice run up since 0.955 when we mentioned it and hitting a high of 1.07. Since then it  can’t seem to move higher and it could test the  first uptrend support which might not hold so we’ll be using the 50 days moving average as our good support.

We hope all have your trade plans in place. Have a blessed week ahead.

Yours

Humbly

Kelwin&Roy

 

 

Chip Eng Seng – [ Continuing Its March Towards All Time High]

2nd January, 2018, 11:36 PM

Chip Eng Seng – [ Continuing Its March Towards All Time High]

ChartSource: Poemsview (2nd Jan 18)

A very good start to the year as Chip Eng Seng surged up this morning and over 6% since our last blog post. We hope everyone learnt something from this and maybe even rode this nice wave up just under a week.

As Chip Eng Seng broke out of its previous resistance at 0.995 we might see it move high to its all time high 1.10 in the coming days. Volume came in stronger as traders pounce on the breakout level.

Good thing for our exclusive clients as they were informed of this trade analysis earlier at 0.955.

Want to be part of this exclusive client list that was alerted earlier on trade analysis? Given such a market condition, it is always good to stay ahead and be alerted!

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Yours

Humbly

Kelwin&Roy

Chip Eng Seng – [Moving Towards All Time High ]

29th December, 2017, 12:17 AM

Chip Eng Seng – [Moving Towards All Time High ]

Chart Source: Poemsview,  Date(28 december 17) 

Chip Eng Seng along with other construction/property developers counters had some movement yesterday and today.  These counters were moving and we were glad to have caught them.

It has broken out of the downtrend line we drew and continue its charged up.

In fact our exclusive clients were informed earlier this morning right before Chip Eng Seng moved at 0.955 and would have ride the nice wave up.

Want to be part of this exclusive client list that was alerted earlier on trade analysis? Given such a market condition, it is always good to stay ahead and be alerted!

Open A Trading Account With Us and don’t miss out anymore. We got a team of top tier remisiers waiting to serve you.

Yours

Humbly

Kelwin&Roy

Property Cooling Measures Tweaked – What Shall We Do Next?

12th March, 2017, 12:00 AM

Property Cooling Measures Tweaked – What Shall We Do Next?

On Friday just before noon, Singapore government announced some targeted tweaks to the property market cooling measures.

These are some of the main ones:

A reduction of existing  Seller’s Stamp Duty (SSD) rates for residential properties

  • Changes will see the SSD holding period cut from four years to three years
  • SSD rates will also be lowered by four percentage points for each tier
  • The rates apply to all homes bought on or after March 11

Current framework for the Total Debt Servicing Ratio (TDSR) will be relaxed. The 60% TDSR threshold will no longer apply to mortgage equity withdrawal loans with loan-tovalue ratios of 50% and below.

A new stamp Duty called the Additional Conveyance Duties (ACD) was introduced.

More of the tweaked cooling measures can be read here .

When the news was announced , you can just imagine what happened to our property counters in Singapore.

The FTSE ST Real Estate Holding and Development Index was up 2.5 per cent to 827.74 at 1.50pm.

CapitaLand jumped as much as 6.2 per cent to a high of S$3.79 each before closing at S$3.70, or a 3.6 per cent gain on the day.

City Developments shares soared to a high of S$10.59, or a 10.2 per cent rise, before ending with a 5.6 per cent gain at S$10.15.

Wing Tai was up 8.8 per cent to S$1.96 before closing at $1.935

It was a crazy afternoon instead and if you chased property counters immediately you would have some decent returns . We’ll just cover some counters over here and see how it plays out on monday.  News is out and now people are taking time to understand how much impact would this easing really be and could there be more easing coming along? Has the market overreacted on friday?  Did our property counters run before even the news came out?

We’ll take a look at a few charts and let you decide.

Capitaland 

cland

Capitaland resistance can be seen at 3.69-3.71 . If that breaks we could see potential upside to 3.90 . The swings could be wild as traders might be taking profit for those who bought earlier. Support or stop loss : 3.66 or 3.52

Wing Tai 

Wingtai

Wing tai surged a lot too and reached resistance too. Resistance at 1.935 then 1.96. If those break we might see $2 or even $2.06. The support would be 1.86 or the resistance turn support of 1.935. Always remember your stop loss.

Chip Eng Seng

CES

Chip Eng Seng closed above its previous day high of 0.745. If it manage to stay above that next potential target could be 0.765 then 0.78. The support is at 0.73.

Guocoland 

Guoc

Guocoland at least managed to break above it’s mid term downtrend line but couldn’t close above it horizontal resistance of 1.90. A close above that might see it move to 1.945 and if momentum continues could see it cover gap to 1.985. Support or stop loss would be 1.865.

Do remember your risk and comfort level in chasing or even shorting on monday. For those who prefer a little less volatility you could wait for the dust to settle before deciding on a direction .

Yours

Humbly

Kelwin&Roy