Straits Times Index – [ In The Midst Of A Pullback And Here’s What We Did Last Week!]

29th January, 2021, 7:14 AM

Straits Times Index – [ In The Midst Of A Pullback And Here’s What We Did Last Week!] Straits Times Index 29th Jan 2021

Chart Source: Poemsview 29th Jan 2021

Straits Times Index currently having a pullback from a high 3017 which might have come as a surprise for some but we’re thankful that our EXCLUSIVE CLIENTS were warned of this pullback last week. STI had moved up over 5% since the start of Jan and along with other  markets it looked tired and was tough to push higher. True enough some pullback came which is healthy in our view.

We have drawn some support levels for the STI with the 50ema of around 2866 being our major support. Support levels might present chance to scale in for long term stocks.

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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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Humbly

Japfa – [ Late Day Break Out, All Time High In Sight]

18th January, 2021, 6:50 PM

Japfa – [ Late Day Break Out, All Time High In Sight]
Japfa 18th Jan 2021

Chart Source: Poemsview 18th Jan 2021

Japfa saw some action creeping in after lunch break and at around 3pm some heavy buying started appearing. We’re glad we didn’t need to chase or do much as our EXCLUSIVE CLIENTS were alerted last Tuesday when we saw a break of the horizontal resistance as shown above in the message.

So we were just waiting for it to hit our first target right at the previous high of $0.96. A nice hit and it continued to push on breaking this resistance. Volume also started and its higher than the past few days which is a positive sign for us. Its closing is also above the resistance of $0.96 another positive sign. Will Japfa be able to challenge the all time high of $1.05? This might be on the cards with the healthy volume but we’re aiming for $1 first as there might be some profit taking around that area. Fingers crossed!

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Kelwin&Roy

Sembcorp Industries – [ Pushing Upwards, Looking For A Further Break ]

13th January, 2021, 7:05 AM

Sembcorp Industries – [ Pushing Upwards, Looking For A Further Break ]Sembcorp Industries 13th Jan 2021

Chart Source: Poemsview 13th Jan 2021

Sembcorp Industries bucking the overall down day in the STI to come up as one of the top gainers yesterday.

Will the trend continue? Lets take a look from a technical perspective. Sembcorp Industries had a month long consolidation from Dec till Jan and started to show sign of bullishness . In fact when it broke above the 20ema together with an increase in volume just last Wednesday we saw it as a bullish sign and alerted our EXCLUSIVE CLIENTS. The breakout was at $1.74 and since then  we saw a nice upside of over 5% in a week. Does it still have legs to move up? We think its possible for it to test the $1.88 resistance then maybe a short break and try to push further to the $1.94 level which you’ll need to zoom out of the chart to have a better look. We’ve been covering Sembcorp Industries since last Oct so take a read over here to gain more knowledge about it.

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Yours

Humbly

Kelwin&Roy

 

 

Keppel Corp – [ Run Just Started Or Late In The Run? ]

10th January, 2021, 8:10 AM

Keppel Corp – [ Run Just Started Or Late In The Run? ]Keppel Corp 10th Jan 2021

Chart Source: : Poemsview 10th Jan 2021

Keppel Corp is part of the STI component stock and it broke out of its long term downtrend line last Wednesday which was a bullish price action for us. We alerted our EXCLUSIVE CLIENTS on this breakout and we’re glad it started to move up the next few days.

From the chart this move could have further legs as it has consolidated for around a month and we can see volume coming in the last few days too. We could use poems CFD to swing this trade to around $5.77 and if market continues its bullish we might see Keppel Corp push to $6 in the coming weeks. With Keppel Corp trying to monetise some of its $17.5 billion of assets over time might be a catalyst for further upside. It has also laid out its 2030 blueprint back in may2020 which could boost its longer term horizon. We prefer to swing this trade using poems CFD which you can learn more over HERE.

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Kelwin&Roy

 

Wilmar – [ Anymore Room For Upside After Such A Strong Run?]

9th January, 2021, 6:42 PM

Wilmar – [ Anymore Room For Upside After Such A Strong Run?]Wilmar 9th Jan 2021

chart source: Poemsview 9th Jan 2021

Wilmar had a nice upside of over 20% since its base was formed around $4.2 in early December. We alerted our EXCLUSIVE CLIENTS back in late Nov when Wilmar started to show some signs of interest. Holding on to this trade saw a saw eventual upside of over 15%. In order to hold on to this trade, one could either pay up fully or consider using some leverage instrument like CFD. This enables the trader to hold on to the trade for a longer time if one feels that the stock has more upside potential.

For now lets take a look at Wilmar’s chart and see if there is more room for upside. Wilmar had been having share buy back around Nov 2020 to even in Jan which could be a reason for the recent spike in price. It has risen about 20% from December and the next potential target might be around $5.20 level.  The risk reward for now isn’t favourable in our view and would prefer for a pullback to the 5, 10ema or the uptrend support line. If we missed this trade we would prefer to wait and not chase or maybe look at another stock rather than trying to buy high and try to sell higher.

Want to learn more about CFD? We made some videos on it so just click HERE to learn more and of course if you have questions feel free to drop us a message.

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Yours

Humbly

Kelwin&Roy

UMS – [ Powerful Breakout Yesterday, Able To Sustain? ]

5th January, 2021, 7:00 AM

UMS – [ Powerful Breakout Yesterday, Able To Sustain? ]UMS 5th Jan 2021

Chart Source: Poemsview 5th Jan 2021

UMS a stock that we alerted our EXCLUSIVE CLIENTS back in Nov came into motion and even hit both targets in a day!

Electronics stocks like AEM, frencken all saw some movement yesterday with UMS having the biggest gain in terms of percentage. Looking at the chart, it broke out of its $1.09 horizontal resistance and power through to close at the day high of $1.15. The volume that came in yesterday is one of the biggest for the last three months something that we should take note of. With such an increase in volume we might see the uptrend resume moving towards the previous high of $1.19 and maybe even $1.25.  UMS has also been consolidating for the last 4 months so we’re hoping for more upside for this counter.

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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.

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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

Straits Times Index – [ Advanced Warning Given, Were You Prepared? ]

30th November, 2020, 7:49 PM

Straits Times Index – [ Advanced Warning Given, Were You Prepared? ]Straits Times Index 30th Nov 2020

Chart source: Poemsview 30th Nov 2020

Our Straits Times Index (STI) had an impressive run for the month of Nov up close to 20%! It is probably one of the most amazing month for our index in a long while. But as the saying goes, what goes up, must come down!

With such a steep upside we suspected a pullback would be on the cards very soon. So we sent a message warning our clients of a pullback and sharing our thoughts. We also attached a chart so that they’ll understanding it better.

The Straits Times Index saw a massive profit today after such a huge run up. The initial support at the 5ema gave way and the the downside started coming in. This took the index down over 2% to about the 10ema of about 2810. We’re glad we alerted our clients last week of a potential downside. A pullback like this is considered healthy to us if the market wants to sustain its upside move.

So what’s next for our index? Let’s see the charts and from it we might continue seeing some selling pressure if STI can’t stay above this 10ema support and might see it move down to even test the 20ema.

Be alert!

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Humbly

Kelwin&Roy