Month: July 2016

AUSGROUP, Capitaland

Kelwin & Roy Ausgroup, Capitaland , ,
25th July, 2016, 2:09 PM
Ausgroup july 2016
Ausgroup july 2016

AusGroup operates in the LNG, oil & gas, minerals & metals, petrochemical and process sectors. We have established relationships with our clients in these sectors to build, maintain and upgrade some of the region’s most challenging development projects. ( Taken from their website) is related to the oil&gas sector which is currently weak now. It broke its support of 0.056 and closed at  0.055 today. With that we might see it test the next support at 0.047 if oil continues to be weak. Short entry could be at current price at 0.055 with stop loss at 0.06. This is a micro penny stock which will raise a few concern for us if we’re shorting it.

  1. It may be suspended. In event it does you might lose your full amount that you are shorting
  2. Micro pennies can have very erratic movement too. Its depth might be thin so if you’re shorting in big quantity you might have problem covering.

In conclusion, we wouldn’t short very huge for this and would go small only just to ride it down and would be willing to lose full capital if this stock were to suspend.

On the other hand, looking at the blue chips (more stable) capitaland which we pointed out last week had a nice move towards our resistance level of 3.19  and closed at 3.18. Congrats to those who made in this. Most property stock today had some run up which would be a little strange given current market condition. We would continue to be bullish as long as capitaland stays above the 200ma or if it can stay above the resistance of 3.19 which might take it to 3.25 first.

Have a great week ahead. 4 more days to the weekend =)

Yours

Humbly

Apple- Still Apple of Investors’ Eyes ?

Kelwin & Roy Apple ,
24th July, 2016, 1:50 PM
Apple July 2016
Apple July 2016

Since July 2015,  Apple has been on a well define downtrend channel , touching the downtrend line upper channel resistance for the next 3 times,  but came down each time it rally to the downtrend line upper channel resistance ( in mid April 2016, it attempted to break above the downtrend line upper channel resistance but fail to stay above it and came down again ). If Apple continues to rise, the downtrend line upper channel may be where its next rally target level is and act as a resistance again around the price region of $102.59.

If it reach the downtrend line upper channel resistance and start to weaken again , it may signal price action weakness in the stock , and a short position may be initiated with a stop loss above $104 . It’s upcoming results will out on 26 July.

Will the stock continue to be the apple of investors’ eyes or start to show weakness soon ? Lets stay tune .

Yours Humbly.

Sembcorp Industry

Kelwin & Roy Sembcorp Ind ,
24th July, 2016, 1:24 PM
Sembcorp Industry July 2016
Sembcorp Industry July 2016

Sembcorp trading in a range hit the resistance and it might come down to test the 2.8 support and if it remains weak we might eventually show 2.6 in the coming weeks. Stop loss will be above the resistance of $3

STI came very close to our resistance of 2964 and it retraced from there. But friday’s closing was strong on the upside so lets watch to see if market will break that resistance and maybe test 3000. We could still plant some shorts on weaker stocks which does not move up with the index.

Yours

Humbly

 

Keppel Corp

Kelwin & Roy Keppel Corp ,
24th July, 2016, 1:12 PM
Keppel Corp July 2016
Keppel Corp July 2016

Keppel Corp posted 2Q 2016 Net Profit down 48% to S$205 million, compared to S$397 million for 2Q 2015 just last week which sent the stock down. Some support seen at 5.42 area and if that  doesn’t hold then it come down to 5.35 then 5.20. We are looking at more downside for keppel corp

Yours

Humbly

 

Sembcorp Marine

Kelwin & Roy sembcorp marine ,
22nd July, 2016, 4:10 AM
Sembcorp Marine Jul 2016
Sembcorp Marine Jul 2016

Sembcorp mar , it pushed below its major support of 1.505 level and currently still below. it was testing 1.505 level a couple of times and finally cracked below. This signal weakness and with that we would a short position could be made at 1.485 with a stop loss at 1.52. It’s results will be out on 28july will it suffer the same fate as keppel corp? Lets stay tune. For now sembcorp mar is weak to us.

Yours

Humbly

Capitaland

Kelwin & Roy Capitaland ,
20th July, 2016, 2:09 PM
Capitaland July 2016
Capitaland July 2016

Capitaland is above its 200ma and now above its downtrend line too . With that we might see more upside in the coming days and if sti were to break above 2964 good chance capitaland could go to 3.19 first. Our stop loss can be one pip below the 200ma or 3.03

CAO (China aviation which we post earlier went to a low of 1.39 yesterday but it rebounded strongly today with an increase in volume. One should be careful if you got a short position either reduce position or wait till it hits stop loss at 1.52 and may even consider to go long then. =)

Yours

Humbly

Wilmar, what now?

Kelwin & Roy Wilmar ,
20th July, 2016, 2:01 PM
Wilmar July 2016
Wilmar July 2016

WHAT a MASSIVE gap down for wilmar today due to profit warning of 230mil. Wow if you shorted it which we spotted on our blog.

In our previous post we mentioned that the resistance was at 3.37 and stop loss at 3.38 . Well wilmar broke 3.37 and tested 3.38 but came back down after that and didn’t manage to recover ever since which showed a sign of weakness. Congrats if you re short it and now where to for wilmar? It could try to move back up to about 3.24 range which is the next resistance and after that we might see more downside . As the  results are expected to be bad it might be tough for wilmar to rally back to 3.38 level hence we are still looking to short it.

On the other note, STI is coming very close to our target of 2964 off by just 10 points. If momentum is good we might see it come close to 3000 and once there we might be looking for short opportunities. Stay tune =)

Yours

Humbly

 

China Aviation

Kelwin & Roy China Aviation ,
18th July, 2016, 2:49 PM
China Aviation Oil July 2016
China Aviation Oil July 2016

China Aviation or CAO which many are used had a good run so far and is now met with some major resistance at 1.50 and since then it was unable to break through the last few days. We might be looking at some downside in the coming days to that lower uptrend line which we drew at about 1.30. Our entry would be when it breaks the support of 1.42 and stop loss at 1.52.  We will be using CFD for our shorts.

Btw, innovalues got stopped out last week and it had a heavy sell down that is why having a stop loss and proper trade plan is very important.

GLP on the other hand had a further run to 1.95 today =)

Yours

Humbly

 

Wilmar

Kelwin & Roy Wilmar ,
17th July, 2016, 3:52 PM
wilmar July 2016
wilmar July 2016

Wilmar failed to break the 3.37 horizontal resistance which was the previous gap down area too. Market rallied on friday but Wilamr didn’t couldn’t break this resistance. We might see some near term downside probably back to 3.24 and then 3.17. Our stop loss would be 3.38.

Yours

Humbly

STI

Kelwin & Roy STI ,
17th July, 2016, 3:38 PM
STI July 2016
STI July 2016

Just an update, STI hit a day high of 2939 about 20 points away from our target. We were mentioning about the upside since 2834 and its good to take some profit along the way and now that its nearing our target its good to a little cautious now as market might have some profit taking even before it reaches the target. So our humble stance is always to take profit along the way and not to aim at the high and take all profit.

Yours

Humbly