Aztech – [Bottomed Out? Potential Rebound?]

24th August, 2021, 7:31 PM

Aztech – [Bottomed Out? Potential Rebound?]Aztech 24th Aug 2021

Chart Source: AdvisorXs 24th Aug 2021

Aztech one of Singapore’s leading design and electronics manufacturer. Its equipped with state-of-the-art equipment, driven by 4 R&D centres, with expertise in design, manufacturing and packaging to deliver a seamless, unified experience. Each and every time.

It recently reported a good set of results but despite that its price came down due to analysts remaining cautious amid operational risks arising from component shortages. Local brokerage houses has lowered their target price to an average of $1.78. The current price looks depressed as its down 30% since the high of $1.56.

Taking a look at the chart and from a technical analysis perspective, $1 would be a good psychological support and a good level to scale in or look for a trade. But what’s interesting for now is that it broke the $1.05 support, had a fake breakdown but recovered over the last few days. Interesting set up if you ask us. A good rebound might be seen over the couple of days if $1.05 manages to hold and the volume yesterday was also promising. Some upside resistance might be $1.15 then $1.18. Some resistance also could be at that downtrend resistance line.

Keeping a lookout for Aztech.

Yours

Humbly

Kelwin&Roy

 

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Amazon.com, Inc (AMZN) – [Technical Outlook]

24th August, 2021, 5:09 PM

Amazon.com, Inc (AMZN) – [Technical Outlook]

Amazon 24th Aug 2021

Chart Source: Tradingview.com 24th Aug 2021

Everyone should be familiar with the name Amazon and probably ordered something via them before. It had a gap down due to its results and saw further downside after that.

There seems to be a nice support of around $3175 where the price shows some rejection to the downside. It climbed yesterday but is currently resisted by that downtrend line we drew. More upside can be seen if it can break above $3266 which is that downtrend line. A rest towards the 20ema first of around $3330 then around the gap resistance of $3390 which is also around the 50ema.

Next level of support at $3127.

Yours

Humbly

Kelwin&Roy

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Nanofilm- [ First Upside Resistance Hit Among All The Noise]

23rd August, 2021, 7:49 PM

Nanofilm- [ First Upside Resistance Hit Among All The Noise]Nanofilm 23rd aug 2021

Chart Source: AdvisorXs 23rd aug 2021

Nanofilm fell over 40% over the last week due to its bad results and the leaving of its CEO and COO. This has caused quite a big stir in the company and the share price took a plunge. Analyst has been downgrading Nanofilm and investors are fleeing. But for us, we saw this as an opportunity. Nanofilm has been good to us over the last few months and we were waiting patiently for a good set up. We finally saw it last Wednesday as a nice base was being built around the $3.80 area and the company started its share buyback. We informed our clients from the message below as we found some it time to bargain hunt.

Nanofilm staged a come back over the last two days as it hang on to the support. The upwards swing in price caused some short covering as traders who shorted probably covered and took some profits. It has hit our first upside resistance target of 10%  and taking some profits might be wise. There is still some volatility around so taking it step by step.

We have drawn our next few upside target on the chart and remembering to take profit along the way. When the next downside comes then it’ll be another opportunity to go in.

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Yours

Humbly

Kelwin&Roy

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PropNex -[ Selling Pressure Coming In? Here’s What We Did ]

20th August, 2021, 5:08 PM

PropNex -[ Selling Pressure Coming In? Here’s What We Did ]

Chart Source :AdvisorXs 20th Aug 2021

We had a good run with PropNex over the last few months but as the property market continues to heat, the stock price didn’t show that much excitement. It couldn’t break above the moving averages and closed with a red bar with volume. And after analyzing the chart and seeing the price movement we decided that a small cut for PropNex might be the wise thing to do. With that we decided to alert our EXCLUSIVE CLIENTS to inform that about the market conditions and a move to cut if possible.

It was a re-entry for PropNex but when things don’t seem to go your way we have to cut. Part of trading is the ability to cut when one is wrong and not be emotional about it. It gapped down today due to an xd of $0.055 and continued to head down south and we’re glad we sent that message to warn our clients. The immediate support is at $1.80

If you want an extra pair of eyes to help keep a look out for potential pitfalls and not shy away from wrong, do drop us a message.

Yours

Humbly

Kelwin&Roy

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ComfortDelgro – [ Are You Riding The Recovery Wave? What Else is Causing A Spike? ]

16th August, 2021, 4:04 PM

ComfortDelgro – [ Are You Riding The Recovery Wave? What Else is Causing A Spike? ]

Just last Friday Evening ( 13th Aug) ComfortDelgro reported its earnings of $91 million, versus a net loss of $6.6 million the previous year. Revenue in the same period was up 13.6% y-o-y to $1.74 billion, with growth seen across its various segments ranging from taxis to bus operations.

The pandemic took a toll on many sectors like transport, hospitality , retail reits but as we continue to adapt these stocks are slowly coming back. With Singapore vaccine rate at 75% now, more and more areas are being open up and our economy is starting to get back on track.

Not only that, ComfortDelgro is seeking an IPO listing in Australia for its Australian subsidiary which also gave the stock price a boost hitting our first target price in just 2 trading days. Where to now? From the chart below , our resistance is drawn at $1.71 then 1.76, will update more if those targets are hit. Volume is one of the biggest for the past few months and this might help sustain an up move in the coming days.

ComfortDelgro 16th Aug2021

Chart Source: AdvisorXs 16th Aug 2021

ComfortDelgro as been kind to us for the last few months as we caught a nice up wave for it.

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Yours

Humbly

Kelwin&Roy

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Why This Stock Went Against Market Sentiments , Should You Chase It?

13th August, 2021, 7:57 PM

Why This Stock Went Against Market Sentiments , Should You Chase It? Apac Realty 13th Aug 2021

Chart source: AdvisorXs 13th Aug 2021

This property stock went against the general market sentiments and even went up 10% today!

APAC REALTY went against all odds and closed up despite negative sentiments around. Even its counterpart Propnex didn’t manage to close up and went down instead. So why did Apac Realty move up that much and should one chase it now?

For one, it had a good set of results. Fueled by strong demand from local buyers, revenue jumped 121% y-o-y to $358.4 million, while earnings surged 107.4% in the same period to hit just over $17 million. Earnings per share stood at 4.8 Singapore cents, while net asset value per share stood at 46.6 cents, as at June 30, 2021.

The group declared an interim dividend of 3.5 Singapore cents, representing a payout ratio of 73 per cent, and a one-off special dividend of 3cents per share. This brings the total dividend to 6.5 cents. As a dividend hungry Nation, this  probably caused a spike in price as investors chased the dividend.  We saw a gap up in the morning and for those who didn’t enter this trade started to chase. This also helped us in achieving our first profit target of $0.875

Singapore’s housing market continues to remain strong for the past year due to the delay in new built and BTOs. Developers have sold 7,601 private residential units (including executive condominium units) in H1 FY2021, up 68.1 per cent from 4,532 units sold in H1 FY2020, figures from the Urban Redevelopment Authority showed. Some analysts have suggested that sales volume in the primary market could climb as high as 12,000 units this year. This could be a driver for an increased in the stock price BUT we are rather cautious now as prices has risen for APAC Realty.

Our community of traders have received an earlier alert this week as shown from the message above and as traders pile in, we were looking to take profits instead. We wouldn’t want to add or chase the price now but prefer to take some profits off the table as prices rise. So what is key is getting in a trade and not chasing it as this doesn’t put you in a favourable stance.

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Yours

Humbly

Kelwin&Roy

 

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Pinterest (PINS) : [ Technical Outlook]

12th August, 2021, 6:09 PM

Pinterest (PINS) : [ Technical Outlook]

Chart Source: Tradingview.com 12th aug 2021

Pinterest (PINS) is an American image sharing and social media service designed to enable saving and discovery of information on the internet using images and, on a smaller scale, animated GIFs and videos, in the form of pinboards. During the pandemic, as more people was forced to stay home, Pinterest along with many other stock home stocks all saw a vey good run up but as the economy starts to open up these once loved stay home stocks are taking a beating.

PINS saw about a 27% drop in their share price since the high in Feb and the recent gap down in late July was due to a disappointing results. It was more of their user growth that disappointed  falling 5% year over year to 91 million but weakness in this area was expected as the economy was reopening. However, Pinterest had guided for U.S. MAUs (Monthly activate users to be roughly flat with the year-ago period but the 5% was worse than what investors expected hence a sell down

Moving into the next quarter, the company didn’t provide an outlook for third-quarter MAUs, citing uncertainties surrounding the pandemic. However, in the earnings release, it said: “Engagement headwinds on Pinterest have continued in July.

Technical Perspective :

So lets take a look at the chart and see what might happen to Pins. We can see support at around the $55.60 level where it bounced off last night and regained from footing at the $56.80 level. The previous support in May was also around the $56 level and after consolidating there it started to move up. We might see some similarity now, so some consolidation and a move up to $60 first. There is the gap resistance and if momentum manages to push through we might start seeing it move to $65. This is more of a rebound trade and possible some short squeeze if the price starts to bounce back. The next support level is at $52.

What’s your thoughts on Pinterest? Share it with us, we’ll love to hear it.

Yours

Humbly

Kelwin&Roy

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IFast – [ Why Did It Move Up So Fast? Renewed Interest? ]

11th August, 2021, 7:14 PM

IFast – [ Why Did It Move Up So Fast? Renewed Interest? ]IFast 11th Aug 2021

Chart Source: AdvisorXs 11th Aug 2021

From the above message we can see the speed and momentum of IFast in the morning! What a jump in price as IFast finally broke its 20ema  at $8.56 this morning and never looked back after. It’s probably one of our fastest trade that we seen, hitting our first target price of $8.84 in under an hour! The overall market was lackluster despite Dow having a good finish. The importance of choosing the correct stock can give one the mental confidence and boost your clarity in the next trade.

So lets take a look at IFast chart and analyze it from a technical perspective. From the chart, we can see it has broken above its downtrend line and also its 20ema, volume has also increased and its the highest for the week so far. These are bullish signal to us and we might likely see it move up to our second target of $9.12. Immediate resistance might be around $9 as there is a gap resistance over there too. So do note that prices might start pulling back there first.

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Yours

Humbly

Kelwin&Roy

 

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Sinostar Pec – [ Start Of A New Uptrend Wave? ]

10th August, 2021, 7:30 PM

Sinostar Pec – [ Start Of A New Uptrend Wave? ]Sinostar Pec 10th Aug 2021

Chart Source: AdvisorXs 10th Aug 2021

Sinostar Pec is one of the largest producers and suppliers of downstream petrochemical products within 400km radius of is production facilities within the Dongming Petrochem Industrial Zone in Dongming County of Shandong Province, PRC.

It had some movement just over a week ago when we first spotted it and finally it started to show its true colours today!

A nice consolidation for the past few weeks led to a nice breakout with volume which resulted in a 8% upswing from our entry! With such a move , a new uptrend might be forming and 0.425 target is within sight now. With an increased in volume we might even see $0.45. Watch out for the break and momentum!

If you would like to know how to receive such trade alerts sent to your handphone, just drop us a message and we’ll walk you through it

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Be our EXCLUSIVE CLIENT and be alerted earlier to not miss out!

Yours

Humbly

Kelwin&Roy

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