OCBC – [ 3rd Target Met, Next Resistance At The Gap?]

19th March, 2019, 7:05 PM

OCBC – [ 3rd Target Met, Next Resistance At The Gap?]OCBC 19th March 2019

Chart Source: Poemsview 19th March 2019

OCBC along with the other two banking stocks continue it run up today edging up 0.6% before a slight retracement.

With the run up today OCBC  hits our third target of $11.29 for this round up 2% since our ALERT

With the $11.29 resistance as mentioned yesterday on the blog overcoming that might see OCBC move up to $11.41 at the Gap resistance.

The gap resistance might be a tough resistance to overcome so it might be wise to take some profit off the table since our ALERT using the simple moving indicator spotted it at $11.06.

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Kelwin&Roy

 

OCBC – [ Catching The Rebound Using Moving Average, Second Target Met!]

18th March, 2019, 12:07 PM

OCBC – [ Catching The Rebound Using Moving Average, Second Target Met!] OCBC 18th March 2019

Chart Source : Poemsview 18th March 2019

OCBC started the Monday morning with a nice upside following Dow Jones lead on friday night. Singapore banks were generally up with OCBC taking the lead up close to 1% before lunch time.

A break above the 5ema at $11.06 for OCBC gave a clue and our EXCLUSIVE CLIENTS were alerted on it.  Just within a day and two of our targets were met with $11.20 being the latest target to be hit.

OCBC might see more upside if it can hold above the 20ema which is at $11.20. The next possible upside might be $11.29.

Want to know how to use a simple indicator like the moving average to strengthen your analysis?

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Kelwin&Roy

Capitaland – [ Second Upside Target Met On A Good Set Of Results, Saw The Signs Before That?]

20th February, 2019, 4:08 PM

Capitaland – [ Second Upside Target Met On A Good Set Of Results, Saw The Signs Before That?] Capitaland 20th Feb 2019

Chart Source: Poemsview 20th Feb 2019

Capitaland released their results this morning before market open. A set of stronger results resulted in a nice gap up for Capitaland which also meant that our second target was met!

Just a week ago before Capitaland showed some strength when it broke above its 5ema a short terming moving average.

With that strength came some volume which was higher than the previous and of course our EXCLUSIVE CLIENTS were alerted on it. An  entry at $3.34 saw a nice 3% upside in a week to $3.44. 

Capitaland currently at its horizontal resistance of $3.44 and a break above might see it move to the previous high of $3.46 which could be a strong resistance there.

It is important to have a sound and tradable plan especially trading near results.

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Kelwin&Roy

OCBC – [ Second Target Met, The Importance of Taking Profit]

19th February, 2019, 10:29 PM

OCBC – [ Second Target Met, The Importance of Taking Profit]OCBC 19th Feb 2019

Chart Source : Poemsview 19th Feb 2019

OCBC continued it move up today meeting our second target of $11.80 as blogged last night. What was interesting is that at around that point ($11.80) OCBC started showing weakness. The resistance at $11.80 proved strong and OCBC couldn’t break above that and succumb to profit taking.

Once again we’re glad that we alerted our EXCLUSIVE CLIENTS to also take some profit off the table since our second target has been met. Our EXCLUSIVE CLIENTS were alerted when OCBC was trading at $11.60 just LAST WEEK with an impending breakout and we’re glad our second target was met.

Reminder that OCBC results will be coming out very soon. Will this retracement be a chance for entry?

It is important to manage your trade and let your winning trade run while protecting the downside. Ever wonder how to come up with a sound and actionable trade plan?

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Kelwin&Roy

OCBC- [ First Target Hit, Running Ahead Of Results, What Should We Do Now?]

18th February, 2019, 4:15 PM

OCBC- [ First Target Hit, Running Ahead Of Results, What Should We Do Now?]OCBC 18th feb 2019

Chart Source: Poemsview 18th Feb 2019

OCBC continues it move up as DBS released its set of results that was slight below analyst expectation. Despite the slightly lower expectation DBS managed to move up with some gains.

Focus is now on OCBC and UOB as they are slated to report their results on 22nd Feb before market open.

OCBC moved up this morning to our first target of $11.71 up from our entry at $11.59. A nice upside for our first target. Our second target is at $11.79. As results are coming out soon there are a few things to note.

  1. Be careful when trading near results as any surprise could mean an unexpected move in price
  2. Near Term resistance at $11.79-11.80
  3. Support at $11.35
  4. Forward statement of CEO would be crucial as a bleak outlook might cause a turn in trend.

Our EXCLUSIVE CLIENTS were alerted early in advanced in order for them to PLAN, PREPARE and PROCEED with ease. We’re glad that our first target has been met and we can be clear headed going into results.

What’s your trade plan for OCBC like?

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SIA Engineering – [ At Support Now, What Does The Chart Says? ]

28th January, 2019, 10:25 PM

SIA Engineering – [ At Support Now, What Does The Chart Says? ]SIA Engineering 28th Jan 2019

Chart Source: Poemsview 28th Jan 2019

SIA Engineering seen an increased in volume today and closed at its horizontal support of $2.50. A break below it might see more downside.

It is also currently supported by its short term uptrend which kind of coincides with the horizontal support. So if these break we’ll be watching for a short.

Want to learn how to short using Poems CFD? Instead of trying to bottom pick, a trader could use the downside to his advantage by shorting.

We’ll be having a CFD workshop to go through the usefulness of using this  instrument and how critical it is in the coming months.

It’ll be held this coming Wednesday (30th) Jan and more details can be found in the link below.

https://www.eventbrite.sg/e/skillfully-long-or-short-the-market-using-cfds-in-any-market-condition-tickets-55063997900

See you all there!

Yours

Humbly

Kelwin&Roy

Sembcorp Industries – [ A Quick Short After Breaking Down, At The Support Now? ]

24th January, 2019, 3:10 PM

Sembcorp Industries – [ A Quick Short After Breaking Down, At The Support Now? ] Sembcorp Industries 24th Jan 2019

Chart Source: Poemsview 24th Jan 2019

Sembcorp Industries currently one of the top losers in the STI component had some retracement after moving up since December.

In fact, looking back we’re glad we managed to catch that upside.

And for now as Sembcorp Industries hit some resistance it started to retrace and has now hit our first downside target of $2.62.

Our EXCLUSIVE CLIENTS were informed of this trade analysis for them to Plan, Prepare and Proceed.  Sembcorp Industries currently is at our short term uptrend line support, breaking it might see more downside.

What would your trade plan be?

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Venture – [ Hitting Resistance? What Does The Chart Say?]

23rd January, 2019, 3:21 PM

Venture – [ Hitting Resistance? What Does The Chart Say?]Venture 23rd Jan 2019

Chart Source: Poemsview 23rd Jan 2019

Venture part of the STI component stock moved up this morning but hit a roadblock at the $15.64 area. It didn’t manage to break that and started retracing.

Venture is on our watchlist as it might start to pullback since it can’t break the resistance.

Our uptrend line is drawn too as a support and if that breaks we might also see a pullback. Only thing about Venture is that its a relatively thin stock. So it can be quite volatile at times.

What’s trade plan for Venture?

Want to know more about Venture? And what we’re

SATS – [ Hitting Our Downtrend Line, Biggest Loser Of The STI Component, Lets See The Chart]

18th January, 2019, 5:34 PM

SATS – [ Hitting Our Downtrend Line, Biggest Loser Of The STI Component, Lets See The Chart]SATS 18th Jan 2019

Chart Source : Poemsview 18th Jan 2019

SATS is part of the STI component stock and is the leading provider of gateway services and food solutions in the region.

SATS had a nice rebound from around $4.56 to a high of $4.97 which also coincides with our downtrend line that we drew. After moving up that much it was time for a break for SATS and true enough the pullback came.

Our EXCLUSIVE CLIENTS were alerted, so that they could plan, prepare and proceed.

SATS came sliding down today and was the top loser despite STI closing positive. What a way to end the week. For now our first target $4.80 has been hit and if it closes below $4.80 we might see further downside to our second target as drawn on the chart.

Were you alerted of this trade analysis?

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DBS – [ Up Over 4% And Retraced After Hitting Our Resistance, Next Stop?]

14th January, 2019, 5:38 PM

DBS – [ Up Over 4% And Retraced After Hitting Our Resistance, Next Stop?]DBS 14th Jan 2019

Chart Source: Poemsview 14th Jan 2019

DBS part of the 30 STI component stocks saw a nice upswing over the past week.

We’re glad we managed to catch this upswing to a nice tune of 4% within the week from $23.84 to $24.89

Our *EXCLUSIVE CLIENTS* were alerted of this trade analysis with the chart attached for easier reference.

DBS has hit our resistance of $24.89 and started retracing to a low of $24.50. Further retracement might be seen to $24.40 level and if that can’t hold more downside might be seen.

What’s your trade plan for DBS?

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Kelwin&Roy