DBS – [ Inching Towards Our First Target, What Should We Do? ]

18th July, 2019, 9:40 PM

DBS – [ Inching Towards Our First Target, What Should We Do? ]DBS 18th July 2019

Chart Source: Poemsview 18th July 2019

DBS the strongest in terms of price movement amongst the three local banks. It has seen its price moved up over the last few days whereas OCBC and UOB were moving in a sideway pattern.

We’re glad we managed to catch this upswing and alerted our EXCLUSIVE CLIENTS on it on Monday when DBS was well supported by the 5ema.

It is now moving close to our first target of $26.40 which is just 5 cents away. As the market seems a little wobby to us we would want to protect profits at this point and not expect too much. It is better to make lesser profit then to have a profitable trade turn to loss. Blue Chips stocks like banks and property stocks are somewhat in a drifting phase and we’re monitoring for the next course of action.

We have drawn out our trade plan for DBS, do you have a trade plan?

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Yours

Humbly

Kelwin&Roy

 

ThaiBev – [ Broke Out And Up To Our First Resistance Point ]

10th July, 2019, 8:30 PM

ThaiBev – [ Broke Out And Up To Our First Resistance Point ] ThaiBev 10th July 2019

Chart Source: Poemsview 10th July 2019

Thaibev which we mentioned just last week has indeed moved up with the reasons which we pointed out in our previous post. It has seen a nice  2.5% upswing within contra period which is an added bonus. It is currently at a critical resistance of $0.88 as drawn.

So an entry at $0.865 might be valid as it manages to stay above the $0.88 resistance. For such a trade, one has to stay alert and nimble.

There is a gap resistance at $0.88 unless Thaibev manages to stay above that then there might be a chance to cover the gap. Volume should also come in in order to sustain the move.

Want to know more about our plans for ThaiBev?

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Yours

Humbly

Kelwin&Roy

 

 

 

ThaiBev – [ Broke Out? Real Or Fake? ]

5th July, 2019, 8:25 PM

ThaiBev – [ Broke Out? Real Or Fake? ]ThaiBev 5th July 2019

Chart Source: Poemsview 5th July 2019

The previous time we mentioned ThaiBev was in early May when it was trading around $0815 and we warned of further downside. True enough the downside came and it went down all the way to a low of $0.735. A very decent downside if you ask us.

Thaibev has caught our attention once again and this time we’re looking at it for some upside if possible. Don’t forget that ThaiBev is part of the STI component stock.

It has broken out of its horizontal resistance of $0.86.

1..It managed to stay above that at closing which is a good sign.

2. Volume is much more than previous days

3. Moving averages are sloping up.

What other points are you looking at?

Where would you place your stop loss or entry?

Want to know more about our plans for ThaiBev?

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Yours

Humbly

Kelwin&Roy

 

 

Capitaland – [ Rising On The Expectation Of Interest Rate Cut ]

20th June, 2019, 9:59 PM

Capitaland – [ Rising On The Expectation Of Interest Rate Cut ] Capitaland 20th June 2019

Chart Source: Poemsview 20th June 2019

Capitaland has seen a fierce rebound ever since market talk about rate cut in early june and with last night statement of the fed hinting that a possible rate cut might be coming in July.  With a potential rate cut that might mean borrowing for developers would be cheaper which would translate to higher profits. As such most property stocks moved up quite fiercely.

We missed out on the first run but its never too late to spot a good entry and as Capitaland bounce off its 5ema support at $3.44 that’s where we spotted an entry.We alerted our EXCLUSIVE CLIENTS  on Tuesday (18 June) for them to Plan, Prepare and Proceed as we’re glad in just two days, Capitaland moved up to our second target of $3.55 and is currently resisted.

A break above $3.55 might see it move up to $3.60.

As many blue chip property stocks have risen. We might want to take a look at second liners like Chip Eng Seng, KSH and lian beng.

CLICK HERE to see how you can learn how to plan a sound and actionable trade plan and to be part of this EXCLUSIVE COMMUNITY to enjoy such value added services.

Yours

Humbly

Kelwin&Roy

Sembcorp Industries – [ Catching Near The Support, Good Risk Reward]

20th June, 2019, 8:22 PM

Sembcorp Industries – [ Catching Near The Support, Good Risk Reward] Sembcorp Industries 20th June 2019

Chart Source: Poemsview 20th June 2019

Sembcorp Industries had a rebound of close to 5% since our alert to our EXCLUSIVE CLIENTS at $2.38.

Just a look back on this analysis where we found the risk reward to be pretty good. The horizontal support was at $2.32 where a little base was forming and it started to rebound. In addition, it also managed to break above its 5ema which we taught just last night during our workshop.

To boost the positive sentiment Sembcorp Industries was awarded the contract to install 15,000 rooftop solar panels. There were positive signs that helped in the recent rebound and we’re glad that our clients could prepare, plan and proceed.

Sembcorp Industries is currently being resisted at our second target of $2.47 and a break above that might see it move higher to $2.52.

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Yours

Humbly

Kelwin&Roy

OCBC – [ $10.90 Target Hit, Resisted After That, Time To Come Out? ]

17th June, 2019, 9:56 PM

OCBC – [ $10.90 Target Hit, Resisted After That, Time To Come Out? ] OCBC 17th June 2019

Chart Source: Poemsview 17th June 2019

OCBC together with UOB made an upwards movement this morning and closed positively while DBS didn’t manage a good closing.

OCBC has hit our third target of $10.90 as previously blogged and an alert was sent to our EXCLUSIVE CLIENTS to inform them that a significant resistance was hit. Of course final decision lies on the individual as we try our best to provide as much information as possible.

OCBC currently is facing some resistance and some consolidation around here might be a good thing and a break above $10.90 might signal more upside.

In such a volatile market we feel that booking profit fast might be one of the solutions to escape whipsaws. Don’t be too greedy at this  point , be nimble in order to survive the ride.

We’ll be conducting a workshop next Wednesday ( 19th June) at 7:30pm where we’ll go through things we learnt from the recent trade wars and how to better prepare ourselves for what is to come.

Sign up HERE if you don’t want to miss out on this great opportunity to learn and prepare yourself for the volatile market.

Yours

Humbly

Kelwin&Roy

 

OCBC – [ Two Targets Hit In A Day, Further Upside? ]

11th June, 2019, 10:04 PM

OCBC – [ Two Targets Hit In A Day, Further Upside? ]OCBC 11th June 2019

Chart Source : 11th june 2019

OCBC formed a nice base last week and rebound off its $10.50 support and continued to rally above its 5ema which gave us some confidence in looking at it.

It is a useful indicator for us and once it managed to break above that we alerted our EXCLUSIVE CLIENTS so that they could Prepare, Plan and Proceed.

We’re glad that OCBC managed to hit our two targets this morning and having some resistance at $10.82 now. A break above $10.82 might see it move higher to $10.90 where it might face some strong resistance. UOB is currently at the 20ema. So lets see if it can break which might be an indicator if OCBC can break that too.

It is also good to take a look at the STI component stocks which are your blue chips during rebound as these stocks are usually what fund managers might be looking at.

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Yours

Humbly

Kelwin&Roy

Wilmar – [ Sitting On Support, Will It Break? ]

23rd May, 2019, 7:42 AM

Wilmar – [ Sitting On Support, Will It Break? ]Wilmar 23rd May 2019

Chart Source:Poemsview 23rd May 2019

Wilmar reported a good set of results in its recent earnings release which surprisingly didn’t see its price move up much. Could the recent run up in priced in the the results? That might be a possibility. As for now Wilmar sits on our uptrend line support but in a long while has closed below the 50ema.

This might spell trouble for Wilmar if it breaks that uptrend line and closes below it.

We’re watching this closely for a short opportunity.

Is it critical to have a trade plan which includes the entry price, stop loss, profit target in order to ensure that your trade is of good quality. With that then will a trader have confident in entering a trade.

Want to know more about Wilmar? Drop us a message and we’ll be glad to discuss more.

Yours

Humbly

Kelwin&Roy

 

ST Engineering – [ Results Are Out, What’s Next? ]

15th May, 2019, 8:48 PM

ST Engineering – [ Results Are Out, What’s Next? ]ST Engineering 15th May 2019

Chart Source: Poemsview 15th May 2019

ST Engineering had a good run up despite the negative sentiment for the last few weeks. It managed to power through and hitting a 5 year high of $4.05. It reported a good set of results this morning but instead of moving up ST Engineering started to come down. Any reasons why?

Maybe we might shed some light into this, just sharing our views only.

  1. ST Engineering could have ran ahead of its results, with a good set of results being factored into the movement up already.
  2. Perhaps market was expecting an even better set of results
  3. Market might have lured unsuspecting buyers in while they took the chance to sell on the results.
  4. ST Engineering had a good run so some pull back is also good.

With that some pullback would be healthy as this might present an opportunity for an entry.

First support might be at $3.90 breaking this might see more downside to $3.80 . Let’s watch.

Want to know what we’re looking at next?

Drop us a message and we’ll be glad to discuss more.

Yours

Humbly

Kelwin&Roy

Yzj Shipbldg – [ 10% Downside Achieved, Let’s Take A Look How]

14th May, 2019, 10:11 PM

Yzj Shipbldg – [ 10% Downside Achieved, Let’s Take A Look How] Yzj Shipbldg 14th May 2019

Chart Source: Poemsview 14th May 2019

Yzj Shipbldg continue to fall and patience paid off as it hits our lower band of the uptrend support line we drew back on 12th April 2019.

Back then when Yzj Shipbldg was trading at around $1.62 we blogged and gave some possible scenarios. We’re glad that it went according to plan and achieved a 10% downside in one month.

Yzj Shipbldg has now hit a nice support of $1.45 and it might hover around this support for awhile before a next move. If $1.45 breaks then we might see the next downside target to $1.42 or even $1.38.

Remember, it is always important to have a sound and actionable trade plan.

Want to know what we’re looking at next?

Drop us a message and we’ll be glad to discuss more.

Yours

Humbly

Kelwin&Roy