Month: November 2016

STI

Kelwin & Roy STI ,
29th November, 2016, 12:50 PM
STI Nov 2016
STI Nov 2016

Many have been asking about the direction of the STI. So we decided to share our humble inputs. As you can see STI is currently being tested by that downtrend line we drew for the third time and at the same time was also resisted by that short term uptrend line. What might happen is that it could retrace back alittle to test the middle band and from there we got to see if the support holds or break. We’ll only take position to go long if the longer term downtrend line is broken.

Will give more updates on STI in the coming days.

Yours

Humbly

Noble

Kelwin & Roy Noble Group ,
29th November, 2016, 12:33 PM
Noble Nov 2016
Noble Nov 2016

Following up from our previous post on the 16th nov (http://singaporehumblestock.com/2016/11/noble-4/)

Noble continues to fall and now has reached our target. Support is currently at 0.17-0.172 and if that breaks and stay below we could possibly see 0.161 level. As this is a later short, we would scale down our entry. Stop loss would be at 0.181

 

Yours

Humbly

Keppel Corp

Kelwin & Roy Keppel Corp ,
28th November, 2016, 1:52 AM
Keppel Corp Nov 2016
Keppel Corp Nov 2016

Over the weekend there was some stir in the oil price as Saudi wanted to leave the talks. Oil took a tumble and one might be expecting our oil counters to fall too. But instead our oil counters held and keppel corp is currently above the 200ma . Opec meeting starts on 30th nov so we’re keeping an eye on that to.

We’re looking for it to clear the horizontal resistance line at 5.50 before considering an entry. Our stop loss would be 5.39.

 

Yours

Humbly

Starhub

Kelwin & Roy Starhub ,
23rd November, 2016, 3:43 PM
Starhub nov 2016
Starhub nov 2016

Our telcos took a heavy beating recently when news our the 4th telco will be coming online next year.

Starhub after selling down on tuesday had an exceptionally high vol and selling didn’t continue today .Could it be a climatic sell and some rebound in sight? Well, resistance is at 2.82 and if that breaks possible to cover gap to 2.90 and maybe even to 2.95. Cut loss would be at 2.71 below the horizontal support.

Yours

Humbly

OCBC

Kelwin & Roy OCBC ,
23rd November, 2016, 3:33 PM
OCBC Nov 2016
OCBC Nov 2016

OCBC has also hit our target of 8.88 and did a fake breakout and came back down.Hope you all managed to learned something from it. =)

It is now within the band of 8.70 and 8.88. We’ll now observe and see how the banks are doing. IF strength continues in the banks then once OCBC breaks 8.86 and stay above we might consider going long with a tight stop loss at 8.83 or 8.69

Yours

Humbly

Thaibev

Kelwin & Roy Thaibev ,
23rd November, 2016, 3:22 PM
Thaibev Nov 2016
Thaibev Nov 2016

Thaibev came down to our target of 0.87 =) Hope you all managed to learn something from the lines we drew and maybe even ride it down too

It has started it rebound and we added the middle band which is also near the 20ma, it could possibly rebound to there and start turning down or maybe to 0.95 and then start turning down. Remember these two levels. =)

Yours

Humbly

OLAM

Kelwin & Roy Olam ,
20th November, 2016, 1:39 PM
OLAM Nov 2016
OLAM Nov 2016

Olam, just broke its major $2 support and came down to its $1.945support. The chart looks a little like yoma to us. It has about 2 months consolidation and started to come down.

Friday’s volume was rather huge so its good to take note of it. The horizontal support is at 1.945 and if that breaks we might see it head towards the 200ma at about 1.86 in the coming days.  Stop loss can be placed at 2.02

Yours

Humbly

CNMC

Kelwin & Roy CNMC Goldmine ,
20th November, 2016, 12:37 PM
CNMC Nov 2016
CNMC Nov 2016

Gold had a big spike on the day of the US election but once news settled Gold started its decline. Reason could be many, like market settling down, USD up due to trump spending on infrastructure and interest up potentially moving up in Dec

Cnmc a gold mining stock could also offer with the lower gold prices. It is currently sitting on the lower downtrend line which we drew . IF gold continues to fall we could see that downtrend line of 0.45 cents being broken and it might take us down to the 200m which is at 0.38 cents. But if gold rebounds then it could potentially rebound to 50 cents. Which side are you hoping for?

We’re slightly more on the bearish side.

Yours

Humbly