Singapore Local Banks – [ Low Enough For A Rebound? ]

24th September, 2020, 8:09 AM

Singapore Local Banks – [ Low Enough For A Rebound? ]DBS 24th Sept 2020

Chart Source: Poemsview 24th Sept 2020

Our three local banks has been on a downtrend for awhile due to the weaker economic data, bleak outlook and a low interest rate environment too. The downward pressure has been rather strong and the question is, is the end in sight? Also, as the three banks take up a rather big weightage in the STI, how the STI moves depends quite a bit on how these banks move too.

Let’s take a look at our first bank DBS.

From the chart, we MIGHT see a temporary short term support at around $19.50 area which is our horizontal support. A nice strong candle appeared yesterday and this bounce might take us to our downtrend line or maybe even to $20.60-20.80. From there on, downwards pressure might start to come back in.  A good level to start considering scaling in might be around $19.

 

OCBC 24th Sept 2020

OCBC similar to DBS has also seen some support at the horizontal support of around $8.38. If this bullish momentum can carry on we might see OCBC break out from that downtrend line and maybe even to $8.7 and $8.9 if market remains well. After that we might see downwards pressure coming  in. A good strong support might be at around $8.

 

UOB 24th Sept 2020

UOB is rather interesting. It actually broke the downtrend line, hover a few days and came down and actually tested the downtrend which became a support. The near term resistance might be $19.34 breaking which we might see $19.74 and maybe even $20.30. A good strong support is around $18.19.

Want to know more about our three local banks?

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Yours

Humbly

Kelwin&Roy

BYD Company (1211.HK) – [ $95 Target Met, What’s Next?? ]

15th September, 2020, 11:00 AM

BYD Company (1211.HK) – [ $95 Target Met, What’s Next?? ]BYD Company 15th Sept 2020

Chart Source: Poemsview 15th Sept 2020

BYD Company ( 1211.HK) one of the first few Hong Kong  stocks which we started to share with our client as we continue to  give value to our clients. It remained relatively strong despite the recent pullback and not even touching our support of $68.35.

Just a couple weeks back when we shared, BYD Company was $75 and in less than a month it has climbed to our target of $95. Up over 25%! That’s the wonder of the Hong Kong stock market. Of course  the reverse is true that is why having a stop loss and sticking to it is important!

As for now , the next possible target might be around $100, a nice round whole number. But of course, nearing there we might see some resistance.

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Yours

Humbly

Kelwin&Roy

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ]

2nd September, 2020, 3:59 PM

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ] Frasers Cpt Tr 2nd Sept 2020

Chart Source : poemsview 2nd sept 2020

Frasers Cpt Tr is currently up after having a run up since its consolidation for the last two months. A first sign of turing up came when we saw Frasers Cpt Tr started to break above its mid-term downtrend line. It was just a week ago that we alerted our EXCLUSIVE CLIENTS of this trade set up when it was trading at $2.46 for them to prepare and plan.

Since then it has moved up over 7% since our entry and we are glad of the results.  Suburban malls looks better set for recovery as this is usually served by residences more than tourist. As tourist are not allowed for now, malls in orchard would suffer the most as lesser tourist visit. Mapletree com is also another counter for the recovery story.

As for now, Frasers Cpt Tr might see a push towards $2.72 which is closing the gap and after that a rest might be good. Will update more once again.

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Yours

Humbly

Kelwin&Roy

 

BYD Company (HK) – Check Out Our New Service To Our Clients, Giving More Value

2nd September, 2020, 7:41 AM

BYD Company (HK) – Check Out Our New Service To Our Clients, Giving More ValueBYD company 2nd Sept 2020

Chart Source: Poemsview 2nd Sept 2020

BYD Company Ltd is a chinese manufacturer of automobiles, rechargeable batteries etc with its corporate headquarters in Shenzhen. It is listed on the Shenzhen Stock Exchange and on the HK stock exchange. More about BYD Company can be read Here.

For this case, we’ll be looking at the one listed on the HKSE. Are we continue to give and add value we have started to look into the Hong Kong markets. We wish to create more value for our clients and slowly exposing them to HK markets.

BYD company had some brokerage upgrade too which can be read here. It might continue to move up in the coming days and test the resistance of HKD$90 which a bit of rest might be good for a further run. Next target we might look at is  HKD$95.

Some benefits in trading in the HK market.

  1. Asia hours! From 9:30am – 4pm
  2. Larger liquidity, more movement.
  3. More market participants
  4. More exposure to tech stocks.
  5. Greater mix of counters and diversity

Of course, we advise clients to steer clear of gem stocks!

Want to know more about the Hong Kong market? Want to receive such information sent straight to your handphone?

Drop us a message, and we’ll be glad to guide you along!

Yours

Humbly

Kelwin

SATS – [ Let’s Review This Set Up Just Two Weeks Back]

25th August, 2020, 5:51 PM

SATS – [ Let’s Review This Set Up Just Two Weeks Back] SATS 25th aug 2020

Chart source: Poemsview 25th Aug 2020

SATS had some upside despite its net loss of $43.7m in 1Q20/21. This loss could be widely anticipated and it was in line with what analyst predicted. What was interesting again was that despite the negative news, SATS still climbed up yesterday.

It challenged the 50ema this morning, broke it and went to the next resistance. It has a nice upside of over 10%  since we spotted this 2 weeks back at $2.84

For now, analyst are mixed over SATS and most are anticipating some recovery with opening of some borders.

If you want to know how to swing your trade without having to go in and out. You may consider using Phillip CFD as one will not be pressured by time to sell off your position.

We use CFD in our trades to help us to swing our trade in order to ride the trend.

 

SATS – [ Moving Up From Yesterday’s Blog]

13th August, 2020, 7:00 PM

SATS – [ Moving Up From Yesterday’s Blog] SATS 13th Aug 2020

Chart Source: Poemsview 13th Aug 2020

SATS continued its movement seeing close to a 3% upside move from yesterday’s close. This is higher than the movement of the STI. It reached the 50ema of around $2.90 which was a resistance we mentioned just yesterday! SATS couldn’t break above it which we kind of expected as this could be a strong resistance.

If it can consolidate around this range then it might be ready to take on the next level at $3.01.

We hope you learnt something from our sharing yesterday! 

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Yours

Humbly

Kelwin&Roy

SATS – [ Spot Anything Interesting In The Chart? ]

12th August, 2020, 7:05 PM

SATS – [ Spot Anything Interesting In The Chart? ] SATS 12th Aug 2020

Chart Source: Poemsview 12th Aug 2020

Let’s take a look at SATS, part of the STI component stock. It has once again caught our attention as it has form a small base and started to climb up. The hospitality  and aviation sector as we all know it is the weakest of all sector currently. So these plays are more suited for a rebound until a credible vaccine is found.

It tried to cross that downtrend line yesterday but failed to do so. Today it tried once again and it managed to cross and stay above the downtrend line. SATS also managed to stay above its 20ema another interesting point to take note.

The next resistance might be at the 50ema at around $2.90 first. From the chart we can see that the 50ema acts as a strong resistance and if SATS can break above this we might see some good upside.

Let’s keep watching it.

Yours

Humbly

Kelwin&roy

Hi-P – [ High Enough? ]

5th August, 2020, 7:05 PM

Hi-P – [ High Enough? ]Hi-p 5th Aug 2020

Chart Source: Poemsview 5th Aug 2020

Hi-P finally moved today after a week’s consolidation. It was slightly lagging behind some of the Electronic play like UMS and AEM and when the time came we finally rotated to it.

From a technical analysis point of view,  we saw it being well supported by the 5ema and the uptrend line A nice consolidation was taking place too. It was holding well at support and hence we alerted our EXCLUSIVE CLIENTS on this analysis.

We’re glad Hi-P hit our first target of $1.37 up over 3.7%  intraday and even continued up to $1.40. It closed right at our resistance point and now if Hi-P can close above this we might see our next upside target of $1.42 in the next few days.

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Yours

Humbly

Kelwin&Roy

UMS -[ Mid-Day Updates ]

4th August, 2020, 2:14 PM

UMS -[ Mid-Day Updates ]UMS 4th Aug 2020

Chart Source : Poemsview 4th Aug 2020

UMS finally broke out of the $1.02 horizontal resistance. Using technical analysis if UMS manages to stay above this level we might see $1.06 then $1.10 at the previous high which is drawn on the chart above.

We have seen a nice upside of over 10% for UMS since our alert to our EXCLUSIVE CLIENTS back in late July. It consolidated for the past and with an increased in volume today we might see higher upside in the coming days to weeks. Electronics stocks are also having some upside due to AEM’s blowout results and forward guidance.

Continue to stay alert!

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Yours

Humbly

Kelwin&Roy

Capitaland – [ Landing On Our First Target, More Downside With Results Around the Corner? ]

3rd August, 2020, 6:40 PM

Capitaland – [ Landing On Our First Target, More Downside With Results Around the Corner? ]Capitaland 3rd Aug 2020

 

Chart Source: Poemsview 3rd Aug 2020

Capitaland together with the other big property counters like UOL and CityDev like we mentioned this morning took a dive today and closed down to near day low.

Property counters and bank counters being part of the STI component, were mainly beaten down bringing the STI down today. Capitaland actually broke its horizontal support back last week of $2.80 and did not have enough strength to regain its footing. We saw weakness when it broke its horizontal and hence alerted our CFD clients for short last week.

We’re glad that Capitaland went according to plan and hit our downside target of $2.70 a nice 3% downside in less than a week.  $2.70 might provide some support as its a round number support and also a horizontal support. Failing to hold this we might see our second target of $2.63. Continue watching it!

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Yours

Humbly

Kelwin&Roy