Month: July 2016

BlackBerry- Potential change of fortune coming?

Kelwin & Roy BlackBerry ,
31st July, 2016, 3:38 PM
BlackBerry Jul 2016
BlackBerry Jul 2016

Blackberry, once the darling of the Techworld and Wall Street, has been in a long term downtrend for the past few years.

From the chart, we can see since 2013 , it attempted to break out of the downtrend line twice only to drop below into the downtrend line again. However, we also note that Blackberry has formed a series of higher low since 2013,  and it recently it broke out of the downtrend line again for the 3rd time since 2013. But Volume is not high for this recent breakout so it would be prudent to observe more to validate the breakout validity.

We shall observe its price action and if it pullback and stay above the downtrend line, it could be a encouraging sign, signalling  a potential change of trend in blackberry. If its rally can be sustainable,  the first resistance could be 8.26 follow by 8.71 .

Meanwhile we shall observe its  price action first and shall share again if there are any interesting entry setups for it .

Yours

Humbly

 

STI

Kelwin & Roy STI ,
31st July, 2016, 11:33 AM
STI July 2016
STI July 2016

STI came very close to our target of 2964 and started to retrace which we warned off in our blog. What will happen next? We drew some lines and  will share more of our humble view of the market  this coming thursday night with our lovely clients =) Hope to see you there.

Yours

Humbly

City Dev, Capitaland updates

Kelwin & Roy Capitaland ,
31st July, 2016, 11:26 AM

City dev did have a pull back ever since we mentioned it on 26 july it broke its horizontal support and 8.76 and closed at 8.51 a good 25 cents profit if you had shorted. Over here at the humble stock we advocate taking profit along the way and not try to aim for the highest and lowest and take profit. Taking profit along the way helps in your mental strength or phycology too. In case anything goes wrong at least u got some profit. So we would take some profit at this level as its at its horizontal support of 8.51 if that breaks hopefully we’ll see 8.35

Capitaland July 2016
Capitaland July 2016

Capitaland, also had some movement up to 3.21 since we blogged on 20 july tried to break out of its resistancce of 3.20 but failed and closed below its resistance. We’re now watching to see if the 3.16 support holds if not it might come down to the 200ma. Or will it attempt to break if resistance again.

 

Yours

Humbly

 

Dow Jones

Kelwin & Roy Dow Jones ,
28th July, 2016, 3:58 PM
Dow Jones July 2016
Dow Jones July 2016

DJ30 Industrial Avg Index Zoom In Chart

Dow Jones Index  is currently on the middle channel of the uptrend line (First chart)  , which could act as the resistance as it recently tried to break above this channel line but start to pullback again ( Second Chart ) ,  if price do not rally and stay above this uptrend line channel soon, it could signal  a correction  for the Dow Jones after the recent strong rally ,  with support at 18190 follow by 17124  ( in the event of a heavy pullback )

Yours

Humbly

Local Banks

Kelwin & Roy dbs, OCBC , , ,
28th July, 2016, 2:02 PM
DBS July 2016
DBS July 2016

DBS, slammed down today due to exposure of swiber (http://www.straitstimes.com/business/dbs-exposure-to-swiber-group-at-700-million-expects-to-recover-half)

This might just be the start has it might have other exposure to the O&G sector and debts that will be hard to recover. We’re using the 200ma as the first support at 15.67 and if that breaks then eventual target to 15. Entry to short at 15.8 with a stop loss at 16 or 16.15.

OCBC July 2016
OCBC July 2016

OCBC currently at its horizontal suppport of 8.71 it hit there and rebound. But if this breaks then we might see more downside towards its 200ma at 8.63 then 8.55. Our short entry would be 8.7 with a stop loss at 8.90. Of course we don’t naked short, we use our CFD DMA to short.  The risk reward for now could be 1-1

Yours

Humbly

First res, Wilmar

Kelwin & Roy First Resources, Wilmar ,
28th July, 2016, 1:43 PM
First Res July 2016
First Res July 2016

First Res had a surge today despite market being down, It broke its mid term downtrend line today and moved up quite nicely. It came as a bit fast so if we’re unable to catch this first up wave then lets wait for either a retracement or when it breaks 1.64 and play a break out trade. Our eventual target would hopefully be 1.785

Wilmar July 2016
Wilmar July 2016

Our dear wilmar played punk with us, it went below 3.05 but recovered at the end of the day. Currently very near the resistance of 3.12 and our stop loss but if you are more generous then perhaps a stop loss of 3.18 could be possible too. Wilmar on the back on a possible bad results is due to report on 11 Aug so we are hoping that it should going back to 3.30 level. If it does we might take another short at it =)

Yours

Humbly

Updates : Sembcorp, Sembmar, Keppel Corp

Kelwin & Roy Keppel Corp, Sembcorp Ind, sembcorp marine , , ,
28th July, 2016, 1:24 PM

Sembcorp ever since our previous post on 24th jul has been coming down and finally close at 2.85 today. We’re hoping it test then 2.8 support then head to 2.6. Still looking bearish for us.

Sembcorp Marine Jul 2016
Sembcorp Marine Jul 2016

Sembmar ( SMM for short) since last friday as it broke the 150 support started to come off and down to 1.435 today. It reported its result this evening (http://www.sembmarine.com/scm2016/wp-content/uploads/2016/07/SCM2Q2016-PressRelease-28July2016-1.pdf) . Results wasn’t fantastic Q2 profits down 90% from the same period a year ago. We’re looking at 1.40 then 1.30 eventually.

Keppel Corp also down from when we posted, though alittle late but better late than never right? On track for 5.20 target

Yours

Humbly

 

Ausgroup

Kelwin & Roy Ausgroup ,
28th July, 2016, 9:40 AM

As posted on on monday night, ausgroup broke its horizontal support of 56 and came down to 47 the level that we were watching and rebound after that. (Congrats to those who shorted )

The market took a hit after swiber declared that its winding up its operation. A hit to the O&G sector. vallianz took a hit too as swiber has some stake in it. This could just be the start.

We’ll update more tonight on the banks as banks would have some exposure to this sector.

Yours

Humbly

City Dev

Kelwin & Roy City Dev ,
26th July, 2016, 3:39 PM
City Dev Jul 2016
City Dev Jul 2016

City Dev had a nice run up recently and hit its major resistance of $9.It is currently sitting on its horizontal support of 8.76 but if that breaks then we might start to see further downside and profit taking to an eventual target of about 8.35. For a tight stop loss it can be at 8.90 if not at 9.02.

Yours

Humbly

Wilmar

Kelwin & Roy Wilmar ,
26th July, 2016, 10:04 AM
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Wilmar July 2016

Wilmar, one of the weaker stock for today, the banks rebounded and some of the blue chips closed quite well .  It didn’t manage to rally much in the last few days as we would like(so that we can short at a higher price) and is currently sitting on the 3.05 horizontal support. With that if 3.05 breaks we might see if head down to test 2.96 as the previous low. Our stop loss would be at 3.13.

Yours

Humbly