Keppel Corp – Down To Our Target, Rebound Next?

16th March, 2017, 12:57 AM

Keppel Corp –  Down To Our Target, Rebound Next?Keppel Corp

Keppel Corp has been down for the last two weeks since we were blogged it .It was at $7.22 when we mentioned that it was a little high and needed to pull back. It has now reached our lower uptrend line and looks supported.

We’re hoping for it to have some rebound from here and if it doesn’t it could signal more downside .

Our upside entry would be at current spot price of around 6.65 with a stop loss of 6.53-6.55. Our first upside target might be 6.85

Some factors to take note would be oil prices. Oil has been falling for the last week and if it continues to fall then Keppel Corp might be dragged down.  The next factor would be the interest rate decision but more importantly janet yellen’s tone and speech going forward. The number of times interest rate will hike also will play a role.

So if our support breaks we might be prepared to go the other way.

Yours

Humbly

Kelwin&Roy

Keppel Corp – Oil Down So Is Keppel Corp

9th March, 2017, 11:34 PM

Keppel Corp – Oil Down So Is Keppel CorpKC

Keppel Corp was a stock we blogged exactly a week back mentioning that it was high and needed a break. It hit our upper trend line and started to pull back. It was at around $7.22 when we spotted it and hit a day low of $6.77. A nice downside for a singapore blue chip. We hope our readers managed to benefit from our sharing once again.

So where to now as some of you have asked. The immediate support for Keppel Corp is around 6.76-6.78.It is also around the 20 days moving average.So it’s a double support for us.  If there is further weakness and breaking that support, we could see it hit our lower uptrend line of 6.65-6.70. Oil in the recent days have been taking a beating hence our oil related counters are not spared.

What could happen is that either Keppel Corp goes for a rebound and starts turning down and that’s where we would consider another short entry. Or if it breaks 6.76 then we might consider entry. Remember we’re using Poems CFD to hold our shorts and not naked short

Yours

Humbly

Kelwin&Roy.

Sembcorp Marine – Our warrior is up 20%

23rd February, 2017, 10:18 PM

Sembcorp Marine – Our warrior is up 20% smm

Sembcorp Marine had a wonderful run today after releasing its results. It has swing to a profit in Q4 which probably helped in lifting the price up. A future squeeze on short sellers also helped the price moved up sharply. In fact sembcorp marine is up 20% since our first post in just two weeks. Solid gains and we hope our readers managed to learn something through this.

If you have been following us for a while, Sembcorp Marine broke through our uptrend line which could be another possible entry. We have drawn a few possible resistance in the near term so don’t forget to shift up your trailing stop now.

Yours

Humbly

Kelwin&Roy

China Aviation – Where to now?

18th January, 2017, 9:22 PM

CAO

Following up from our previous post on China Aviation as it took off from 1.44 and now at 1.54.

Some of you have been asking how trade a stock like this as this run has exceeded the contra period and may we suggest using CFD. Poems CFD has a wide range of stocks and china aviation is one of them. With that you simply have to pledge a certain percentage of margin and you’ll be able to hold your position for a longer time in order to swing for a potentially higher profit.

So where might CAO move to? We are looking at a retest of the high of 1.58 and if that breaks convincingly then one can look to add position. Remember to move up your trailing stop loss to 1.52

Yours

Humbly