Capitaland – [ Landed On Our First Target, Next Target? ]

2nd June, 2020, 6:55 PM

Capitaland – [ Landed On Our First Target, Next Target? ]

Capitaland 2nd June 2020

Chart Source: Poemsview 2nd June 2020

Capitaland came in the top 3 in terms of percentage gain.  It trailed slightly behind SATS and SIA which both also had a good showing and finished up 5.72%. Market was strong overall partly due to the end of circuit breaker and gradually opening up the economy.

From the chart we can see that Capitaland had about two months of consolidation and it finally broke out yesterday. We’re glad we managed to catch this move up and ALERTED our clients of this trade analysis.

Capitaland broke above the 50ema and saw a nice run up to $3.15 closing at $3.14. Our first target of $3.12 was met, a nice upside of over 3% in a day. As the consolidation was for awhile, we’re hoping for the next target to be met. Fingers cross.

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Yours

Humbly

Kelwin&Roy

Sembcorp Industries – [ Continue To Slide Down As Per Blog, Some Learning Points]

29th May, 2020, 7:09 PM

Sembcorp Industries – [ Continue To Slide Down As Per Blog, Some Learning Points] Sembcorp Industries 29th May 2020

Chart Source: Poemsview 29th May 2020

Sembcorp Industries lost its footing and fell close to 10% today. It was the second top loser in percentage for the STI component stock . Part of this fall might be attributed to the removal of Sembcorp Industries from the MSCI Singapore Index. Other stocks like SPH, Comfort and SATS also saw a fall for today.

Let’s re-look and see if we can learn anything from this. As from the blog, we posted in the MORNING when Sembcorp Industries was trading at around 1.46 and gave a warning sign that it might continue to fall. As it was consolidating for a few weeks, a breakout or breakdown might set the tone for the stock in the coming days. True enough Sembcorp Industries broke down and headed south .  Another explanation could be investors/traders buying near the support might cut loss as it broke their support, this also might invite shortist to come in to short as has broke down .

Hope our readers have learnt a thing or two from our trading blog.  We look forward to sharing more with you.

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Yours

Humbly

Kelwin&Roy

 

Mapletree Log – [ Inclusion In MSCI Singapore Index Sparks Joy! ]

29th May, 2020, 2:35 PM

Mapletree Log – [ Inclusion In MSCI Singapore Index Sparks Joy! ] Mapletree Log Trust 29th May 2020

Chart Source: Poemsview 29th May 2020

Mapletree Log Trust will be included in the MSCI Singapore Index at the end of today ( 29th May ) and this could probably explain the upwards move it was experiencing the last few days. SATS, Comfortdelgro, SPH and Sembcorp Industries will be removed from the MSCI Singapore Index.

We can see that Mapletree Log was consolidating for a few weeks. It finally broke out on 26th May which was also the day we ALERTED our Clients of the breakout. Mapletree Log continued trading up hitting our first target of 1.92 and just a cent shy of our second target 1.98.

Some might be asking, can we chase now? As Mapletree Log has moved up for a couple of day, we prefer some pullback first and maybe aiming for $2.03.

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Kelwin&Roy

 

Sembcorp Industries – [ Breaking Support? How Does The Chart Look? ]

29th May, 2020, 11:24 AM

Sembcorp Industries – [ Breaking Support? How Does The Chart Look? ]Sembcorp Industries 29th May 2020

Chart Source: Poemsview 29th May 2020

Sembcorp Industries a STI component stock has largely seen a sideways consolidation since March. The range it was trading is around $1.47-$1.64.

What caught our attention is that Sembcorp industries seems to have broke its horizontal support of $1.47. If  it doesn’t regain this footing, we might see it move lower in the coming days and weeks. The downtrend line acts as a resistance and until it manages to break above that, Sembcorp Industries might continue to be weak.

It’s already at its 10 years low, so how low can it go?? What’s your trade plan like? $1.40 might be on the cards if it does stay below $1.47 in the coming days.

Yours

Humbly

Kelwin&Roy

 

City Dev – [ Developing A Bearish Trend? ]

24th May, 2020, 7:27 PM

City Dev – [ Developing A Bearish Trend? ] City Dev 24th May 2020

Chart Source: Poemsview 24th May 2020

City Dev part of the STI component and a leading global real estate property developer. It saw some heavy selling last friday due to the unrest in Hong kong.

Now is City Dev in bearish terrority? From the technical charts we can see that it is below the 200ema. A stock that is below this long term indicator is considered bearish from a chartist point of view. With that and also breaking the short term uptrend line we drew we ALERTED our CFD Clients on a potential short.

CFD Clients were alerted on 13 May when City Dev broke the uptrend line and also below its 20ema. City dev continue to slide down to our first target of $7.56 and is now just 2 cents to our second target of $7.36. City dev was trading at $7.37 at close.

The volume traded last friday was rather high and this might signal more downside if it breaks the horizontal support of 7.34. The next downside target might be 7.03!

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

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Yours

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Kelwin&Roy

Straits Times Index – [ Where Is The Support At? What’s The Game Plan Now? ]

22nd May, 2020, 3:55 PM

Straits Times Index – [ Where Is The Support At? What’s The Game Plan Now? ]Straits Times Index - 22nd may 2020

Chart Source : poemsview 22nd May 2020

Its close to 4pm now and the Straits Times Index is down over 50 points due to China tightening its grip on HK.

Hong Kong index is down over 1000 points or 5%, something which we haven’t seen in awhile. Due to the regional unrest, our Straits Times Index or STI also is affected . We’re down about 2% at the time of writing.

So what’s our game plan? If you noticed we’ve been rather bearish on the markets and continue to remain so until we see more convincing signs of rebound. With every rebound in the STI it seems to be making a Lower High despite US side having massive gains. This to us shows some weakness. STI is currently on its horizontal support of around 2500.

What could happen from here? Some possible scenarios:

  1. STI could have a rebound to cover the gap and test the downtrend again. Failure to break that might see more downside. If STI manages to break that downtrend line then our stand might change.
  2. STI could break the horizontal support level and might take us to around 2387 levels.
  3. STI could possibly hover around here and form a sideways consolidation before another move comes.

So stay alert! We’re eyeing more downside as you can see STI is below the moving averages but are flexible to react as market remains volatile and remembering the saying, Don’t Fight The Feds!

Want a  quick discussion on the market direction?

Feel free to drop us a line!

Yours

Humbly

Kelwin&Roy

S&P 500 – [ Sideways Consolidation, Stay Alert! ]

19th May, 2020, 7:31 PM

S&P 500 – [ Sideways Consolidation, Stay Alert! ]S&P 500 19th May 2020

Chart Source : Poems2.0

It was a very strong finish over in the USA as stocks surge on positive news of a vaccine by moderna. 

That surge took the S&P past its 200ema on its daily chart which is a positive sign if you’re on the long side. On the daily chart we can see its on a bigger sideways consolidation from about 2760 to around 2968 levels.

If S&P 500 does break above the 2968 level we might see it move to the next possible level of  3100. Many have been skeptical of the rally so far and to be fair we have been too. S&P 500 have rebound about 30%  since the low and is just about 13% off from the high. Its quite hard to imagine that given all the bad economic data that has been coming out. With unemployment data at its all time high, people calling this worse than the great depression. But one thing that  other traders are mentioning is ‘don’t fight the feds’ . They have been quick to respond to the crisis, printing and pumping trillions into the markets.

Though we have caught some downside, we would have wished for a lot more but if market at this point in time is not going down, let’s follow the trend and see where that takes us to. It could be a false breakout at this level so stay alert! Don’t give up yet!

If you like to have a discussion on the markets feel free to drop us a line. 

Yours

Humbly

Kelwin&roy

Yzj Shipbldg – [ At Support, Will It Break? ]

6th May, 2020, 8:56 AM

Yzj Shipbldg – [ At Support, Will It Break? ]Yzj Shipbldg 6th May 2020

Chart Source: Poemsview 6th May 2020

Yzj shipbldg is sitting on its uptrend support line and the 20ema. A break of that might see it move lower to the next support level which we have drawn.

It is currently also resisted by the downtrend resistance line. Which camp are you on? The bulls or the bears?

We’re more inclined towards the downside. Lets watch in the coming days.

If you want to learn how to use Poems CFD to short the markets feel free to drop us a message.

A trader who only knows how to go long and now short has lost half the battle already! So picking up a new skill during this period is critical!

Yours

Humbly

Kelwin&Roy

S&P 500 – [What Now After Hitting Our Resistance]

4th May, 2020, 8:05 AM

S&P 500 – [What Now After Hitting Our Resistance]

S&P 500

Chart Source: Poems2.0 3rd May 2020

It was a week where the bulls were seemingly in control and a string of good news with some not so bad earnings coming out from the big tech companies. But towards the end of the week, the S&P started to have some profit taking.

From our previous blog regarding the S&P 500, it has  actually gone up to the weekly 50ema which we highlighted, the area where we will turn cautious and will be looking out for short opportunities. As the S&P 500 roared through the weekly 50ema, traders were turning bullish and started piling up their longs thinking that market will continue to trend higher. Sadly, S&P 500 made an intra day high of 2972 and started to fall back down.

We are continuing to look for short opportunities and S&P 500 might fall to about 2725 area first in the coming days – weeks and breaking that support might see more downside.

We will update more as time comes. Hope you learnt something from our post and if you’re interested in learning how to use Poems CFD to short the market, do drop us a message.

A trader who only knows how to go long and now short has lost half the battle already! So picking up a new skill during this period is critical!

We also shared a video analysis on the S&P 500 previously, so do head over to our facebook page to check it out!

Yours

Humbly

Kelwin&Roy

 

DBS – [ Rebound or Down? ]

23rd April, 2020, 7:07 PM

DBS – [ Rebound or Down? ] DBS 23rd April 2020

Chart Source: Poemsview 23rd April 2020

DBS has been seeing selling in its shares for the past week. It broke down from our uptrend line and also the 5ema which gave us some conviction to alert our CFD clients on this potential analysis.  To add further pressure to the already stressed up system, news came out regarding Hin Leong Trading.  Many banks were involved in this high profile cases now.

As DBS broke its uptrend line of 19.12, the downward pressure came in and took it down to our first target of $18.50. We saw a slight rebound and a test of the 5ema but DBS failed to gain footing above it.

If DBS can’t close above this in the next few days we might see more downside. Which camp will you be on?

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

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Humbly

Kelwin&Roy