GKE Corp- On Our Watchlist Again

GKE Corp- On Our Watchlist AgainGKE

GKE once again back in our watch list after a nice run up since we blogged last month. GKE as you can see it resisted by the downtrend line which we drew.

Possible scenarios that could play out. It could retrace a little to the second support line of around 0.174 which we might consider an entry Or if it can breakout from that resistance line of about 0.183.

Support would be at 0.173

Our concern is that the simple moving average is kind of closing in together so it might signal a change in trend but if the price starts moving up then the SMA would start moving apart.

On the other hand the EMAs are still apart. So let’s watch it closely the next few days.

Yours

Humbly

Kelwin&Roy

GKE Corp – Ran Up As Blogged Yesterday

GKE Corp – Ran Up As Blogged Yesterdaygke

GKE Corp ran up today after we mentioned it last night. Using simple technical analysis and a trendline  which we drew for all to see last night yield quite a positive result. It does take some time to learn to draw those trendline but we’re happy to teach..Volume came in around afternoon and it broke past the horizontal resistance of 0.185.

GKE Corp was up close to 5% intra day but we always like to go slow and steady. We’re still hopefully for our 0.194 target but will access the situation accordingly.  GKE Corp was the few stock that closed up despite the weak market sentiment.

Remember your trailing stop loss and have a great weekend .

Yours

Humbly

GKE Corp

gke

GKE has broken out of its downtrend line and is on our watchlist. The volume wasn’t as good as we hope for it to be hence we are watching it for the next few days to see if it can sustain above the downtrend line.

Our entry could be from 0.182 -0.183 with an upside target of 0.194. We can see that at 0.185 there is some resistance but it should be able to clear it if volume comes in.

Our stop loss would be about 0.170. So we would manage our trade size for this trade.

Yours

Humbly

Kelwin&Roy

Asiaphos- Up 10% and close to our target during intraday high

Asiaphos- Up 10% and close to our target during intraday high

Asiaphos 31 mar 2017

Asiaphos, which we shared on the blog just yesterday,  had more than a 10% run up today during its intraday high of 0.118 which was very close to our target of 0.120. We hope some profits were booked , it had a wide swing through the day closing at 0.103 which was slightly below yesterday close of 0.104, before Asiaphos asked for a trading halt.

Some News were released just this evening , more can be read here. The News does not seems that good so let us see how it trades on Monday where the trading halt will be lifted in the morning.

Remember we did say that trading such penny stock will be very volatile , hence ensure proper stop loss and appropriate position sizing is VERY Important for risk management.

Want to know more on how to trade such a stock. Do drop us an email and we’ll be glad to share like how we share with our clients.

As for its chart , if it breaks below the 0.105  resistance level now turned support level , the stock may fall back to the next support level of 0.095 follow by 0.086 and 0.079 as the next 2 possible support levels.

Yours

Humbly

Kelwin&Roy

Asiaphos – Surged Up With Volume

Asiaphos – Surged Up With Volumeasiaphos

Asiaphos is a company solely focused on exploring and mining phosphate in the PRC with the ability to manufacture and produce phosphate-based chemical products. More can be read over here .

Asiaphos has caught our attention because there was a huge surge in volume today and it has broken out of its long term trendline. The volume increased today was quite significant and such volume has never been since for a few years. Hence we are taking note of this stock.

There is just a horizontal resistance at 0.105and if it clears that we might see 0.12 eventually. How would we play such a stock at this point? We will either wait for a retracement to the downtrend line and if that supports around 0.095-0.098 region then we might consider an entry OR if it decides to break the 0.105 resistance.

As this is a micro penny stock , STOP LOSS is very important and we would manage our lot size accordingly too. Our stop loss would be 0.093-0.095. Also as a micro penny stock it can have wide swings too so do take note of that.

Yours

Humbly

Kelwin&Roy

Alliance Mineral – All Charged Up

Alliance Mineral – All Charged Up alliance

Alliance Mineral , a stock that we have been bullish on and previously mentioned in our post on 1st March when it was at 0.21 cents. In fact back in early Jan when we first covered it it was only 0.096.  Hope our readers have benefit from this sharing our idea greatly.

Today Alliance Mineral moved up to a high of 0.31 cents but closed at 0.28 and we could call this a shooting star. The volume is one of the biggest from the past few weeks but price did not move up accordingly. A pull back might happen which in our view is a good thing which also means we could enter at a lower price in future. We have drawn our support lines and will wait till and see how it goes.

Alliance Mineral is of the hottest topic in the market now so do be a little careful as those who entered earlier might be wanting to take profit. Plan your trade carefully. We’ll update once again when we feel it’s a better time to enter.

Yours

Humbly

Kelwin&Roy

 

Alliance Mineral – Lithium Charged

Alliance Mineral – Lithium Charged Allaince

Alliance Mineral was a stock we shared back in early January when it was around 0.096. It has since then ran up a lot to close at 21 cents.

Alliance Mineral does lithium mining and lithium has been in demand from usage in handphone batteries to batteries in electric cars. Recently Alliance Mineral has been running due to the recent finding in their western australian mine which is rich in lithium and tantalum having a significant value in today’s market. With Lithium being in demand this is one stock we want to look at for mid term .

We have drawn a few support and resistance zone The first resistance being 22 cents as it crossed 0.205 then after we might see 25 cents. We might want to look to enter on pullback and these are the support levels that we are seeing: 0.185 and0.167. This stock has crossed 20 cents so now each move up is significantly bigger so do take note of your risk.

Yours

Humbly

Kelwin&Roy

Artivision Tech – A Turn Around?

artivision

Artivision tech a micro penny stock listed on the catalyst has been gaining a lot of interest recently. The volume has been increasing the last few days and they would be holding an EGM this coming friday which could see some interest coming in too.

Mr Ching Chiat Kwong the boss of oxley increased his stake in the company through a placement of shares. With that many are wondering if he could turn the company around and inject new life into the business.

Will Artivision come to life and start a turn around? We’re looking at it and used the 200 exponential moving average and you can see that it’s acting as the resistance currently.

If Artivision manages to break above 0.025 we might see a further upside to about 0.0.29-0.03. This is a micro penny so do take note of it’s risk too ya. A stop loss for us would be around 0.017  If we believe in the turnaround then we might consider holding this stock and not trade it yet.

Yours

Humbly

Kelwin&Roy

Mermaid Maritime Swam Down

mermaid

Following up from yesterday’s post Mermaid took a dive this morning and to a low of 0.187. Once again we like to remind everyone that we like it slow and steady. =) So it’s a bonus that it went down abit more today. For now, mermaid is being supported by the 10 days exponential moving average which has been guiding mermaid. If it closes behind that in the next few days we could see mermaid hitting our target of 0.183. We can shift our trailing stop to 0.19 now.

There was an increased in volume today and it hit our middle trendline and recovered slightly. So let’s watch and see how it performs the next few days.

Yours

Humbly

Kelwin&Roy

Mermaid Maritime – Swimming to where?

mermaid

Mermaid Maritime had a nice run up to 0.205 recently but seems resisted by the trendlines we drew. It hit that upper trendline and started to retrace. We’re using the 10 days exponential moving average for this case, anyone wants to make a guess why?? Anyone wants to know why??

For now we feel that mermaid might need a rest. It is probably ranging from here to about 0.205.

It’s horizontal support is at 0.193 and if that breaks we might see it move to 0.19 then 0.183. If we’re shorting we would use Poems CFD and not do a naked short. Our stop loss will be 0.210 Do also take note of the risk in shorting a penny stock from our post sometime back. Do take a look ya.

Yours

Humbly

Kelwin&Roy