Straits Times Index – [ In The Midst Of A Pullback And Here’s What We Did Last Week!]

29th January, 2021, 7:14 AM

Straits Times Index – [ In The Midst Of A Pullback And Here’s What We Did Last Week!] Straits Times Index 29th Jan 2021

Chart Source: Poemsview 29th Jan 2021

Straits Times Index currently having a pullback from a high 3017 which might have come as a surprise for some but we’re thankful that our EXCLUSIVE CLIENTS were warned of this pullback last week. STI had moved up over 5% since the start of Jan and along with other  markets it looked tired and was tough to push higher. True enough some pullback came which is healthy in our view.

We have drawn some support levels for the STI with the 50ema of around 2866 being our major support. Support levels might present chance to scale in for long term stocks.

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Kelwin&Roy

Xiaomi (1810.HK) – [Will It Break From Its Downtrend Line? ]

26th January, 2021, 7:15 AM

Xiaomi (1810.HK) – [Will It Break From Its Downtrend Line? ]Xiaomi 26th Jan2021

Chart Source: Poemsview 26th Jan 2021

Xiaomi(1810.HK) has recently found itself in the US blacklist which bans Americans form investing in companies that are in this blacklist. Naturally on such news we saw xiaomi nosedive over 10% and as everyone panic we saw possible opportunities. So we sent out a message to our clients the next day informing them of some potential support points to look out for. After touching the 50ema Xiaomi did a 10% rebound which actually hit the downtrend line, a good profit for those short term traders.

So what is our trade plan now? Xiaomi is currently near the downtrend resistance line and a break above that might see more bullish action coming in which might take it to around $33.70 levels. If it breaks during the day and doesn’t close above the resistance then we would want to be more cautious as this might signal weakness.

For longer term investors, scaling in at support levels is a strategy we deploy and scaling in in batches too and not going all in at a time is also our preference. We have drawn some support levels so do take a look.

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Salesforce (CRM) – [Consolidating For A Move Up?]

25th January, 2021, 7:33 PM

Salesforce (CRM) – [Consolidating For A Move Up?]salesforce 25th Jan 2021

Chart Source: Poems2.0.com

Salesforce (CRM) is currently in a sideway consolidation for the past month or so. Using technical analysis, the horizontal resistance is around $233 and nearby short term downtrend line is around $236. So if these key levels are taken out we might see a push towards $250 or even higher in the mid term. Volume is also coming in

It has test the horizontal support of around $214 and started to bounce up. If market sentiments continue to remain strong we might see more bullish action from salesforce!

Keeping a look out for this counter!

Yours

Humbly

Kelwin&Roy

Paypal ( PYPL ) – [ Our Trade Plan ]

11th January, 2021, 7:36 PM

Paypal ( PYPL ) – [ Our Trade Plan ]Paypal 11th Jan2021

Chart source: poems2.0 11th Jan 2021

Paypal (PYPL) is the largest digital platform that provides money transfer services. PayPal boasts a consistent track record of earnings and sales growth, stretching back to at least 2010. PayPal has also gone into the cryptocurrency space battling it out with Square (Sq). The two payment companies are marketing apps that let shoppers get discounts, make installments and buy cryptocurrencies. These companies allow investors into a little space of the cryptocurrency.

Lets take a look at the chart and use some trendlines to help us. If PayPal manages to break above that horizontal resistance of around $244.30 and staying above that with volume we might see it move higher in the coming days. If it can’t then a then it looks a like little double top and a healthy retracement would be good too. The first support would be that uptrend support of around $234 then around $225. Buying at support would be more ideal but lets keep a close watch on it.

Yours

Humbly

Kelwin&Roy

IFast – [ Fast Recovery, Covered Gap, Can It Break The All Time High? ]

11th January, 2021, 6:47 PM

IFast – [ Fast Recovery, Covered Gap, Can It Break The All Time High? ]IFast 11th Jan 2021

Chart Source: Poemsview 11th Jan 2021

IFast’s share price has been on a road to recovery even though it didn’t managed to win the digital banking license. The massive selloff was unjustified as we mentioned in our previous blog post. Ever since then, IFast started to make a recovery and amazingly it recovered back close to its 4th Dec price just before the announcement was made.

We’re glad we follow through this stock and informed clients of our new targets  along the way as you can see from the messages. IFast has risen 25% since our initial alert but is this the end of the road for IFast? Well, we received a research report from Jefferies which could be one of the reason for the fierce upside today.

Research report by jefferies. Report is not a buy or sell call.

Is the rebound over? We feel that a short break might be good as traders/investors who got in at the high previously might be wanting to sell out after a rollercoaster ride which could provide some resistance. Pullbacks to support might be a good re-entry if you missed the boat. The increased in volume today signed confidence for us and in the longer term we’re looking at IFast to move past the all time high. Fingers crossed!

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Kelwin&Roy

 

Keppel Corp – [ Run Just Started Or Late In The Run? ]

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.

Missed the breakout for Keppel Corp? Want such trade alerts sent to your handphone straight?

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Yours

Humbly

Kelwin&Roy

 

Wilmar – [ Anymore Room For Upside After Such A Strong Run?]

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

Humbly

Kelwin&Roy

UMS – [ Powerful Breakout Yesterday, Able To Sustain? ]

5th January, 2021, 7:00 AM

UMS – [ Powerful Breakout Yesterday, Able To Sustain? ]UMS 5th Jan 2021

Chart Source: Poemsview 5th Jan 2021

UMS a stock that we alerted our EXCLUSIVE CLIENTS back in Nov came into motion and even hit both targets in a day!

Electronics stocks like AEM, frencken all saw some movement yesterday with UMS having the biggest gain in terms of percentage. Looking at the chart, it broke out of its $1.09 horizontal resistance and power through to close at the day high of $1.15. The volume that came in yesterday is one of the biggest for the last three months something that we should take note of. With such an increase in volume we might see the uptrend resume moving towards the previous high of $1.19 and maybe even $1.25.  UMS has also been consolidating for the last 4 months so we’re hoping for more upside for this counter.

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Yours

Humbly

Kelwin&Roy

IFast – [ Covering Gap? Were You Fast Enough? ]

4th January, 2021, 10:10 PM

IFast – [ Covering Gap? Were You Fast Enough? ]IFast 4th Jan 2021

Chart Source: Poemsview 4th Jan 2021

What a good start to the year as IFast which we were eyeing in Dec after the brutal sell down made a nice move up today. You can read more about our thoughts on IFast over HERE.  We have not given up on this counter even though it didn’t win the digital banking license as that was just one upside component for this counter.  It had consolidated for the last three weeks or so and finally today when it crossed the 20ema that was when we alerted our EXCLUSIVE CLIENTS.

After crossing  the 20ema of around $3.10 it didn’t look back and charged forward towards our targets. A nice upside of over 4.5% was seen intraday hitting our initial target of $3.21. From the technical perspective, our next potential target is $3.33. Also if you have read our previous post on IFast there was some potential entry point back when it was trading at $2.90 for a longer term view.

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Yours

Humbly

Kelwin&Roy

Frencken – [ Move Up Came As Mentioned Last Week, Next Target?]

2nd December, 2020, 7:02 AM

Frencken – [ Move Up Came As Mentioned Last Week, Next Target?]Frencken 2nd Dec 2020

Chart source: Poemsview 2nd Dec 2020

Frencken has been moving up steadily and being supported by the 5ema whenever it pulls back. We mentioned last week that volume started coming in and we might see Frencken move higher, true enough this came true. It has climbed up to our $1.18 target up over 12% in just over 2 weeks and taking some profits is always good.

So where are we targeting next? With some volume coming in today we might see it move higher to challenge the $1.24 close and then the previous high at $1.26. Our first support would be the 5ema then the uptrend line.

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Yours

Humbly

Kelwin&Roy