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!

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Yours

Humbly

Kelwin&Roy

IFast -[ Broke The All Time High, Reviewing This Trade And How To Trail Your Profit Levels

19th January, 2021, 7:15 AM

IFast -[ Broke The All Time High, Reviewing This Trade And How To Trail Your Profit Levels IFast 19th Jan 2021

Chart Source: Poemsview 19th Jan 2021

It’s a very good start for IFast as it has seen its price rocketed over 50% since its opening price of $3.06 and a closing of $4.67 as of 17th Jan. Unbelievable and rare to find in the Singapore stock market. We’re just glad that we managed to catch this stock from the start of this year and starting the year on the right foot.

Many have asked what’s the outlook for IFast, how much further can it go? Can still enter? We’ll try to share as much so hopefully you’ll have a better perspective on how we look at the markets.

For a start, we’ll be honest and admit that we didn’t expect IFast to run that much and that fast. That I think most people wouldn’t be able to tell. But what we can share if how we can go about tackling such trades. Firstly, a look at the company’s fundaments to see if such a stock might be worth trading or even holding. IFast had an impressive track record so far and is a growing company with a growing asset under its arm. Something which we mentioned in our blog post. 

Secondly as we enter a trade and as it hits our target, one can either take profit or start placing a stop loss at the entry point once the stock has hit our second target. If it has moved further set it to the second target as ur trailing stop loss. One might also consider using the 5ema as a guide when a stock starts displaying a powerful uptrend like IFast. It is an illusion to think that one can always take profit at the top. Sorry to burst your bubble, even after more than 10 years of trading we still can’t take profit at the top of the top. =)

Thirdly, decide if you’re trading or investing. If you can’t decide why you’re entering the trade or the answer is I don’t know or I everything then you’re probably going to end up with very mixed results. Trading and investing are two very different things and mixing it up usually will result in very mixed results. When you’re suppose to hold you sell, when you’re suppose to sell you hold. So make up your mind, be clear in your actions.

We hope we shed some light for trading such stock . From the chart, we can see that IFast touched the 5ema and started having some rebound. If it closes below the 5ema for more than two -three days then it might signal more downside if not continue to enjoy the trend.

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See you onboard soon!

Yours

Humbly

IFast – [ Fast Recovery, Covered Gap, Can It Break The All Time High? ]

11th January, 2021, 6:47 PM

IFast – [ Fast Recovery, Covered Gap, Can It Break The All Time High? ]IFast 11th Jan 2021

Chart Source: Poemsview 11th Jan 2021

IFast’s share price has been on a road to recovery even though it didn’t managed to win the digital banking license. The massive selloff was unjustified as we mentioned in our previous blog post. Ever since then, IFast started to make a recovery and amazingly it recovered back close to its 4th Dec price just before the announcement was made.

We’re glad we follow through this stock and informed clients of our new targets  along the way as you can see from the messages. IFast has risen 25% since our initial alert but is this the end of the road for IFast? Well, we received a research report from Jefferies which could be one of the reason for the fierce upside today.

Research report by jefferies. Report is not a buy or sell call.

Is the rebound over? We feel that a short break might be good as traders/investors who got in at the high previously might be wanting to sell out after a rollercoaster ride which could provide some resistance. Pullbacks to support might be a good re-entry if you missed the boat. The increased in volume today signed confidence for us and in the longer term we’re looking at IFast to move past the all time high. Fingers crossed!

Want to cut through the noise and get such trade alerts sent straight to your handphone? In addition, have such a detailed follow up?

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See you onboard soon!

Yours

Humbly

Kelwin&Roy

 

IFast – [ Covering Gap? Were You Fast Enough? ]

4th January, 2021, 10:10 PM

IFast – [ Covering Gap? Were You Fast Enough? ]IFast 4th Jan 2021

Chart Source: Poemsview 4th Jan 2021

What a good start to the year as IFast which we were eyeing in Dec after the brutal sell down made a nice move up today. You can read more about our thoughts on IFast over HERE.  We have not given up on this counter even though it didn’t win the digital banking license as that was just one upside component for this counter.  It had consolidated for the last three weeks or so and finally today when it crossed the 20ema that was when we alerted our EXCLUSIVE CLIENTS.

After crossing  the 20ema of around $3.10 it didn’t look back and charged forward towards our targets. A nice upside of over 4.5% was seen intraday hitting our initial target of $3.21. From the technical perspective, our next potential target is $3.33. Also if you have read our previous post on IFast there was some potential entry point back when it was trading at $2.90 for a longer term view.

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

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See you onboard soon!

Yours

Humbly

Kelwin&Roy

Happy New Year 2021! We Started Off With A Blast!

4th January, 2021, 6:22 PM

Happy New Year 2021! We Started Off With A Blast!

Image source: freepik.com

Blessed New Year from us and what a blast it was! The first day of 2021 started well for us and we hope the same for you all too.

Image source: SGX.com

Image source: stocksbnb.com

UMS 4th Jan 2021

Image source: sginvestors.io

We’re thankful that stocks like UMS, SGX, Frencken and Ifast all moved up nicely hitting our targets. Eletronic stocks saw some interest with UMS moving up the most as compared to the usual suspect like frencken and AEM.

Will provide more updates on some of the stocks in our next few post with some technical points to look out for so keep a look out for it.

Yours

Humbly

Kelwin&Roy

IFast – [ Brutal 35% Sell Down, It Is Over Done?? ]

8th December, 2020, 2:49 PM

IFast – [ Brutal 35% Sell Down, It Is Over Done?? ]Ifast 8th Dec 2020

Chart Source : Poemsview 8th Dec 2020

Ifast didn’t manage to win the digital wholesale banking license announced last friday(4th Dec) evening and saw its stock HAMMERED down over 35% yesterday. What was interesting was that on Friday, Ifast saw a move up in price probably anticipating some sort of announcement and maybe even hopes of winning it. But who knows……It failed to win and eventually saw a MASSIVE GAP DOWN and would probably have trapped many retailers who chased on Friday.

So what’s our game plan now? Should we panic and sell out? These are some of our thoughts.

  1. Ifast said in their announcement that MAS is still reviewing whether to grant more of the DWB licences in the future and IFast is still committed in its pursuit of a digital banking licence. ” The Group will continue to work on improving its range of solutions and services to further add value to global investors, wealth advisers
    and corporates using its Business-to-Consumer (“B2C”), Business-to-Business and Fintech Solutions. ” This sounds positive to us and if MAS were to issue out new licences, Ifast could be a good potential winner next round.
  2. IFast together with PCCW is also a candidate to digitize the HK pension system. A win for this could boost Ifast bottom line. Of course if they fail to win this, it’ll be another set back. Dates for the results for this is still unknown. We’re neutral on this.
  3. A 35% sell down might not really be justifiable. A massive sell down of 35% might be overreacting to not winning the licence.
  4. Approval for securities dealing in Malaysia could boost its revenue growth. It is also continuing to grow its AUA from its hard work from the past few years. Positive for us

Lets take a look at the chart. We can see that there is a support at around $2.67 follow by $2.48. The resistance is around $2.95 then the 5ema of around $3.24. If you’re looking at a longer time frame, a scale in at various levels of around the range of $2.70- 2.90 might be a good opportunity. Our target in the longer run is for the price to cover the gap with $3.35 , 3.63 then $3.9 as our upside target. Don’t go all in at once but scale in your investment in 3-4 batches.

We’re hopefully of IFast longer term  price and this might be a good opportunity to take advantage of the drop in price.

Share with us your views too! Just contact us here!

Yours

Humbly

Kelwin&Roy

IFast – [ Up 16% Since $0.945 Entry, One Thing To Do Now]

5th June, 2018, 5:06 PM

IFast – [ Up 16% Since $0.945 Entry, One Thing To Do Now] IFast 5th June 2018

Chart Source: Poemsview 5th June 2018

IFast a stock that we covered back in May has seen it moved up over 16% in less than a month.

Since our entry of $0.945 we have seen IFast moving up slow and steadily to hit our targets.

The One Thing to do now is to ensure that we have our proper trailing stop in place.

Suggested trailing stop could be $1.02 in order for the for to have some breathing space.

Uptrend looks in tact for now.

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Kelwin&Roy

IFast – [ Fast Enough To Catch It? 3 Simple Reasons For The Run ]

15th May, 2018, 8:32 AM

IFast – [ Fast Enough To Catch It? , 3 Simple Reasons For The Run ] Ifast 14th May 2018

Chart Source: Poemsview 14th May 2018

IFast provides investment solutions to financial advisers, financial institutions, insurance companies, pension fund managers, retail and accredited investors, and multi-national companies had a fantastic two days run up with close to 8% upside since our entry price.

More info about IFast HERE.

3 Simple Reasons for the possible run up

  1. IFast Broke above our long term downtrend line which we drew starting from june last year.
  2. IFast Broke above the 200 days moving average which is a respectable moving average that investors looks at
  3.  Volume started coming in on last Friday which was the HIGHEST for the year until Today.

With that we sent out our trade analysis to our exclusive clients informing them this  potential set up at $0.945

We are glad that is has hit our second target of $1.02 before some profit taking came in.

A huge volume today with a closing like this is not that ideal for now, we will like to see IFast close above $1.02 in the coming days in order for it to move higher if not more profit taking might drag it down.

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Yours

Humbly

Kelwin&Roy