St Engineering – [ Just As Blogged, Resisted At $3.55 For Now, What’s Our Trade Plan?]

6th November, 2018, 9:22 PM

St Engineering – [ Just As Blogged, Resisted At $3.55 For Now, What’s Our Trade Plan?]

St Engineering 6th Nov 2018

Chart Source: Poemsview 6th Nov 2018

St Engineering couldn’t break the $3.55 resistance which we drew from our previous post. 

It had a nice run from $3.46 where we alerted our EXCLUSIVE CLIENTS to $3.55 and started to come down.

Failing to break that resulted in some profit taking in which is normal as part of the market movement.

Our near term support might be at around $3.42-3.44. Holding that might see another bounce up. Currently the downtrend line is still resisting St Engineering, breaking which might take it break to $3.55 then $3.60.

What’s your trade plan like?

What’s your trade plan like?

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Yours

Humbly

Kelwin&Roy

 

 

St Engineering – [ Up Over 4% In A Day, Closed At Day High, Our Next Target? ]

1st November, 2018, 7:44 AM

St Engineering – [ Up Over 4% In A Day, Closed At Day

High, Our Next Target? ]St Engineering 1st Oct 2018

Chart Source: Poemsview: 1st Nov 2018

St Engineering had a powerful rebound yesterday and was the second top gainer within the STI component. We’re glad that our EXCLUSIVE CLIENTS were informed of this trade analysis and managed to capture a 2.5% upside swing. An entry at $3.46 saw ST Engineering moving up to $3.55 through the day which came on the back of some good news too.

A nice overall bounce for the general market which lifted the STI up 52 points which we were anticipating from our previous post.

While everyone was in panic mode it was probably a good time to do some bargain hunting as most stocks were heavily. But this might not be the time to be heavily invested rather for us we prefer to be trading a little more. Making use of the rebound to do some scalping.

St Engineering was one such stock as we got our shopping list ready.

Its currently resisted at $3.55 and if it manages to stay above that  then we might see $3.60 as our next target.

What’s on our shopping list? Have you gotten ready your shopping list?

Still clueless on the market direction? Not sure of which stock to look out for during a rebound?

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Yours

Humbly

Kelwin&Roy

 

 

ST Engineering – [ Closed At Day High ]

1st April, 2018, 9:49 PM

ST Engineering – [ Closed At Day High ] 

St engineering 1st april 2018

Chart Source: Poemsview :1st April 2018

St Engineering closed at the day high on friday and also above its 200ma.

Volume for St Engineering also came in and it was the highest in the last two weeks.

St Engineer is also part of the 30 STI Component Stocks.

We like that the volume is bigger than the last few days which might mean that the upswing could continue. Our next possible upside target might be $3.62 first then $3.66.

As always, our exclusive clients were informed of this trade analysis earlier on at $3.56.

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Yours

Humbly

Kelwin&Roy

St Engineering – [ Engineering An Upside? ]

24th January, 2018, 7:23 PM

St Engineering – [ Engineering An Upside? ]

Chart Source : Poemsview 24th Jan 18

St Engineering a STI component stock, has seen some healthy volume coming in during the week .It broke out of our horizontal resistance of 3.37 and continued its march up towards our targets.

It has also broken above our 3.45 horizontal resistance and staying above that might see next few possible targets of 3.50 then 3.55.

The 20 has cut above the 50ma which is a good sign to us but of course protective stops are always in place.

St Engineering has just bagged some contracts recently and more can be read HERE.

Another interesting fact, do take a look at the past few years. See what happens during the first quarter of the last few years. =). Lets hope history repeats itself this year.

We would use Poems CFD to swing this trade!

Lastly, want to be informed earlier on ST Engineering move like our exclusive clients did?

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Yours

Humbly

Kelwin&Roy

Singapore Budget 2017 – What Now?

5th March, 2017, 9:33 PM

Singapore Budget 2017 was delivered by our Finance Minster Mr Heng Swee Keat  on Feb20 and we’ll just cover it briefly and what are some stocks that we are looking at. More can be read on the budget over here.

There were no major surprises for the Budget 2017 and some of the focus was on the smart Nation or digital economy, accelerating infrastructure projects and helping sectors facing cyclical headwinds.  Our markets didn’t react too much after the budget was announced so markets were not expecting too much to begin with.

With a 4.5 billion dollar programme to promote growth and competitiveness , the Committee on Future Economy (CFE) continues to emphasize the need to build skills and capabilities and to develop an innovative and connected economy. Digital Disruption continues to the buzz word and firm will have to adapt to that. St Engineering subsidiary St Eng Electronics could be a beneficiary of this as their Smart City solves city challenges and integrates systems that sustain future growth.

St Eng

Just some technical levels we’re looking at: 3.60-3.62 as the immediate support. If it breaks lower could see 3.45 levels in which we might consider entering. Currently its a little high now. Would prefer for a pull back .IF it breaks the 3.70 resistance we might see it eventually test 3.82.

 

Construction spending : The Singapore government will bring forward $700 million of spending  on public- sector projects in the next two fiscal years . Some firms we are looking at would be Hock Lian Seng which has jumped close to 10% since budget day. They boast over 45 years of experience in civil Engineering & Construction. They have been carrying out civil engineering works for bridges, expressways, tunnels and MRT with a few of these being awarded ‘construction excellence’

 

Hock lian

Hock lian seng hitting 60 cents which is the all time high. Some pullback would be good to levels  of 56 or 53 or even 50 cents and over there we might consider an entry. If it breaks 60 cents we might probably see 68 cents first. 

Another company we’re looking at would be ISO Team. Having been around for 19 years they are an established player in the building maintenance and estate upgrading industry in Singapore. They are also the exclusive applicator of paint works for both SKK and Nippon Paint in the public housing sector in Singapore. Major customers include town councils and government bodies.

Iso

Iso Team usually consolidate for awhile and breaks out then consolidate again. Would probably have to buy and hold rather then to time the break out. Around 0.375-0.395 would be a good be good entry point. If it goes lower then we’ll have to wait and see. 

The offshore and marine sector continue to remain weak and even with the foreign workers levy hike deferring for another year this will probably benefit SMEs a little more.Keppel Corp and Sembcorp Marine would be our picks for the O&M sector.

This is not all but of course as said we’ll briefly cover some points of the budget and do email us if you would like more ideas on the Singapore budget 2017.

Yours

Humbly

Kelwin&Roy