sti component stocks

Capitaland – [ Recovery Play, Broke Out, Where Next? ]

Kelwin & Roy Capitaland , , , , , , , , ,
16th March, 2021, 7:33 PM

Capitaland – [ Recovery Play, Broke Out, Where Next? ]Capitaland 16th March 2021

Chart Source: Poemsview 16th March 2021

Capitaland saw a nice push in its price as the recovery theme continues to be in play. Even some reits saw a rebound in their prices. It was about a week ago when Capitaland caught our eyes as it started to break above its downtrend resistance line. Upon this break, we alerted our EXCLUSIVE CLIENTS and soon enough Capitaland started its move. Another stock hongkong land had made a move earlier on and now its Capitaland’s turn!

It has hit our first target of $3.32 with a short term resistance of around $3.36 and then our second target of $3.41.

Volume also started to increase which could help sustain this rebound to our targets.

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SATS – [ Recovery In Sight, Able To Break the $4.54 Resistance? ]

Kelwin & Roy SATS , , , , , , , , ,
15th March, 2021, 7:38 PM

SATS – [ Recovery In Sight, Able To Break the $4.54 Resistance? ]Sats 15th March 2021

Chart Source: Poemsview 15th March 2021

Just less than a week ago, we spotted SATS sitting nicely on its 20ema support and with the recovery theme in the background we decided to alert our EXCLUSIVE CLIENTS when it was trading at $4.38. SATS together with SIA saw a nice recovery in their stock price as more good news about reopening air travel starts to make its way around. Vaccine rollout is moving on and with that, government around the world are planning to see how to have travel bubbles or vaccine passport so that leisure travel can restart.

With that, SATS looks like its in a good position to capture the recovery but it might not be a fast and strong one as countries around the world has to be on equally vaccine footing before anything major can really happen. From the chart, SATS looks likely to break the previous peak of $4.54 which it tested today and is also our second target. Volume also started to come in.

A break above $4.54 might see our third target of around $4.67!

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

Kelwin & Roy Sembcorp Industries , , , , , , , , , ,
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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Keppel Corp – [ Run Just Started Or Late In The Run? ]

Kelwin & Roy Keppel Corp , , , , , , , , ,
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?]

Kelwin & Roy Wilmar , , , , , , , ,
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

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Kelwin&Roy

DBS – [ Momentum Slowing Down? Time To Take Some Profits? ]

Kelwin & Roy dbs , , , , , , , , ,
26th November, 2020, 7:00 AM

DBS – [ Momentum Slowing Down? Time To Take Some Profits? ]

Chart Source: Poemsview 26th Nov 2020

DBS named the best bank in the world in 2018 was a stock that has been on our watchlist for a long time!

Back in late Sept when we posted on DBS it was just trading slightly below $20. We continued to update our clients in mid  OCT (see above for a snap shot)  and an update again in late Oct. Since then, DBS has rocketed over 25% and we hope you managed to catch a ride on this rocket!

So the question is, is it time to take profits? Well, the answer really lies on your objective for entering. If this trade has met your objective price target, then it’s wise to sell or at least take some profits.

If your objective was to invest in the banks for dividends for the long haul, then selling now and putting your funds back in the bank might not be the best thing. Banks interest rates as we all know are rock bottom *psst* its 0.05% the last we checked. Just check out the rates HERE! So leaving it in the stock might be a wiser thing to do unless you have somewhere else you want to deploy your funds too. At current price, DBS yield is around 4% still decent as compared to leaving it in the bank.

So now lets take a look at the chart to get some sense of direction. From the technical perspective, DBS saw an increase in volume today but the candle didn’t show a full body one and it actually closed slightly below its opening price. Short term wise, we feel DBS might be over extended and a pullback to the 5ema first would be healthy and a pullback to 10ema would be even better! We have drawn the support and resistance for reference too. Common indicators are also showing signs of overbought region. We would prefer a pullback before an entry!

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Yours

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Kelwin&Roy

Keppel Corp – [ Up 10% Since Alert, Next Stop?]

Kelwin & Roy Keppel Corp , , , , , , , , , , ,
23rd November, 2020, 7:17 AM

Keppel Corp – [ Up 10% Since Alert, Next Stop?]

Image source: Keppelcorp.com

Keppel Corp 23rd Nov 2020

Image Source: Poemsview 23rd Nov 2020

Keppel Corp one of Singapore’s stock darling has been on a downtrend for awhile before finding some footing at the double bottom of around $4.08. It was only after it released its recent set of results that actually saw some buying interest. It’s also part of the STI component stock hence we can see why STI has been moving up.

The bullish engulfing candle on 30th Oct came with volume which caught our attention but as there was a downtrend line and the 50ema nearby we waited for confirmation. So as Keppel Corp gathered strength we alerted our clients on 5th Nov of this trade analysis. Letting them in on how we analyze our stocks as seen from above. We’re glad it hit our second target of $5.10 up 10% since our alert. So what’s next for Keppel Corp?

As usual, let’s take a look at the chart to see it from a technical perspective. As Keppel Corp has risen a fair bit from the bottom, a break or pullback would be healthy in order for it to continue its upwards move. A pullback to the 5ema of around $4.80 might be an opportunity to scale in if you missed the first round. An eventual target we might see could be the longer term downtrend line of around $5.40+.

Continue  to keep watch!

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SATS – [ Time To Take A Breather? ]

Kelwin & Roy SATS , , , , , , , , ,
20th November, 2020, 7:10 AM

SATS – [ Time To Take A Breather? ]

Image source: Sats.com

Sats 20th Nov 2020

Chart Source: Poemsview 20th Nov 2020

With news of a potential vaccine coming out, transport, airline, hospitality all saw a nice recovery. Sats is one of them that benefited from this news. As Sats is part of the STI component stock, it has also pushed the STI up for the last few days.

Way back in Aug Sats was already mentioned here in our Blog and in late Oct we updated once more when  Sats was trading around $3.14. A month later and it’s now trading at $4.14 a very nice upside of over 30% since oct.  Now with all the optimism in the air and with prices running up quite a bit, the question is is it time to rest?

To answer that, let’s take a look at the charts. Firstly, we noticed that as the price increases, the volume actually starts decreasing, not the most positive sign for a strong uptrend. Also common indicators would show it being in the overbought region too. Lastly, it had an eight day move up ever since the gap up so some rest or pullback is not much to ask for. Current resistance is around $4.18 – $4.20 and some pullback to $4 which is around the 5ema or slightly lower would be healthy for SATS.

Keep a lookout!

Yours

Humbly

Kelwin&Roy

ComfortDelgro – [ Riding The Recovery Wave, Is It Time To Take Profits? ]

Kelwin & Roy Stock Market , , , , , ,
18th November, 2020, 7:17 AM

ComfortDelgro – [ Riding The Recovery Wave, Is It Time To Take Profits? ]

ComfortDelgro 18th nov 2020

Chart Source: Poemsview 18th Nov 2020

Hard hit stocks relating to tourism like SATS, SIA and even Comfortdelgro saw a nice rebound in the last few session as news of potential vaccine crowded the headlines. Transport, hospitality, airline stocks all had some nice gains as investors started to rotate to these stocks on hopes of recovery.

Comfortdelgro part of the STI component was a stock that we were eyeing for a recovery when a vaccine is found as demand for taxi would start increasing as people start to travel more and tourist starts to come back too. We saw some positive price action at around $1.49 just last Wednesday and alerted our EXCLUSIVE CLIENTS as shown above!

We’re glad Comfortdelgro had a positive move up reaching our 2nd price target of $1.61 gaining 8% in a week! It is currently at the 200ema and given its a long term resistance, we won’t be surprised if it takes a break first before continuing on its journey to $1.68 and maybe even $1.79. So taking some profits here is not wrong to us. =)

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Kelwin&Roy

OCBC – [ Sector Rotation, Cyclical Sectors Benefiting]

Kelwin & Roy OCBC , , , , , , , , ,
11th November, 2020, 5:49 PM

OCBC – [ Sector Rotation, Cyclical Sectors Benefiting]OCBC 11th nov 2020

Chart Source: Poemsview 11th Nov 2020

OCBC along with the other two banks saw a surge in price over the last few days and even before the election results were out. As these three banks make up quite a heavy component of the STI, it was no surprise that we saw the STI trending up the last few days too.

We wanted to be prudent and wait for results to be out before entering the market as we never know what may happen and anticipating results could result in being a hero or zero! As OCBC showed signs of interest and life on monday we alerted our EXCLUSIVE CLIENTS on this trade analysis and we’re glad OCBC gave us a favourable run. From our alert of $9, it has ran up to $9.58 which is more than 6% in three days!

From a technical perspective , OCBC has ran up for about 5 days and today’s volume has started to decrease. Some possible scenarios, we might see it push higher to our next target of around $9.84 which is also the gap resistance in the next couple of days. Optimism on vaccine news has funds flowing to the more cyclical sectors on hopes of recovery. It could also take a break as it ran up quite a bit so having a break is a positive thing. We’ll prefer for a retracement before looking at it again.

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Yours

Humbly

Kelwin&Roy