Month: April 2017

Ezion – Floating Where Now?

Kelwin & Roy Ezion , , , , , , , , ,
27th April, 2017, 11:25 PM

Ezion – Floating Where Now? ezion

Ezion can be seen as a down trend stock and is below the 20 and 50 days moving average too.

It is currently sitting on the 0.32 horizontal support which is also around the downtrend line lower channel support. If the 0.32 horizontal support doesn’t hold again we might see further downside to 0.29 first . After which 0.265 might seem possible.

Oil prices are currently down so let’s see how it will affect our oil stocks and ezion  tomorrow.  Our stop loss could be at 0.35 or 0.36 which is above the 50 days moving average.

Yours

Humbly

Kelwin&Roy

 

Sembcorp Marine – Down Today

Kelwin & Roy sembcorp marine , , , , , , , ,
19th April, 2017, 11:54 PM

Sembcorp Marine – Down TodaySMM

Sembcorp Marine been down 6% since it broke our support line of 1.83. It went to a low of 1.72 and rebound back to 1.74 just in a day after our post. Wow, that was fast. We hope our readers managed to learn something from this. =)

Sembcorp Marine saw an increased in volume today so we might see it trend lower in the coming days. It won’t be a in straight line and some rebound here might be expected with the downtrend line acting as the resistance.

We drew further support lines as our eventual targets and will update more when the time comes.

Congrats, you made it through mid week. Two more days to the weekend.

Yours

Humbly

Kelwin&Roy

STI- The Start Of A Correction?

Kelwin & Roy STI , , , , , , ,
19th April, 2017, 12:11 AM

STI- The Start Of A Correction?sTI

The Straits Time Index or STI for short has once again fallen below the 20days moving average. From our previous post on STI about a month back it broke the 20ma but managed to recover soon after. This time round things might look a little different.

From a technical perspective, the 20ma and 50ma looks like its getting closer (which is not a good sign) and the 20ma looks like its sloping down too. It is currently at around the 50ma and the horizontal support and if those break we might see if slowly fall towards 3070 area.

Geopolitical issues between North korea and US are taking headlines. But could there be more issues than that? We’re watching and ready for the next move to come.  Goldman Sachs had an earning miss what would happen if more companies start to miss their earnings?

May is also round the corner and there is a saying sell and Go Away in May. Will that come true for this year? No one knows so let the chart tell us.

Our stop loss would be 3163 or 3190. Will update more when the time comes.

Yours

Humbly

Kelwin&Roy

SembCorp Marine – Being Flexible and Turning Short

Kelwin & Roy sembcorp marine , , , , , , , ,
18th April, 2017, 11:56 PM

SembCorp Marine – Being Flexible and Turning Short

SMM

Following up from our previous post on Sembcorp Marine . We were waiting and hoping for it to break the downtrend line we drew but it never came.  It broke the horizontal support line of 1.83 instead and went down to a low of 1.80

In our post we mentioned if the support of 1.83 broke we would be turning the other way which is to go short. A lesson learnt here is to let the market tell you what it wants to do and not try to second guess it. Be flexible and go with the trend.  Sembcorp Marine went to a day low of 1.80 which is nearing the 50 days moving average. Our first support would be around there and if it can’t stay above that then we might see 1.74.

We would use Poems CFD to short and not do a naked short as we would like to hold our shorts for awhile.  Stop loss are in place.

Yours

Humbly

Kelwin&Roy

Singapore Results Announcement – The importance of it

Kelwin & Roy Singapore results announcement , , ,
16th April, 2017, 11:38 PM

Companies will be releasing their 1st Quarter results very soon. Companies like Keppel Corp will release their results on 20 april, Keppel Reit 19 april. And many more.

In our view it’s good to know when the results will be released so that we can plan and not be surprised the day after when the results are announced. We would usually be a little cautious and might not be wanting to trade the stock near the announcement date as there can be some volatility. We also don’t want to trade and hold and experience a gap down in case of a bad result.

Do email us if you want the list of the companies that we have that will be reporting their results very soon.

Yours

Humbly

Kelwin&  Roy

SembCorp Marine – Holding Up Well

Kelwin & Roy sembcorp marine , , , , , , , ,
9th April, 2017, 11:31 PM

SembCorp Marine – Holding Up WellSMM

Sembcorp Marine is now on our radar and is a stock that we’ll be watching for the coming week. It’s been holding up well for the past week at around the horizontal support of 1.83.  It is currently being resisted by the downtrend line and nearing the end of it. We’re keeping track of it to see if it can breakout of it.

We’re hoping for a breakout in the coming days but if the support of the 1.83 doesn’t hold then we might turn the opposite direction. Our entry point would be above the downtrend line.

It will be a shorter week this week with only 4 trading days  as friday is Good Friday. Have a blessed week ahead.

Yours

Humbly

Kelwin&Roy

 

 

GKE Corp – Ran Up As Blogged Yesterday

Kelwin & Roy GKE Corp , , , , , , , , ,
6th April, 2017, 10:41 PM

GKE Corp – Ran Up As Blogged Yesterdaygke

GKE Corp ran up today after we mentioned it last night. Using simple technical analysis and a trendline  which we drew for all to see last night yield quite a positive result. It does take some time to learn to draw those trendline but we’re happy to teach..Volume came in around afternoon and it broke past the horizontal resistance of 0.185.

GKE Corp was up close to 5% intra day but we always like to go slow and steady. We’re still hopefully for our 0.194 target but will access the situation accordingly.  GKE Corp was the few stock that closed up despite the weak market sentiment.

Remember your trailing stop loss and have a great weekend .

Yours

Humbly

GKE Corp

Kelwin & Roy GKE Corp , , , , , , , , ,
6th April, 2017, 12:14 AM

gke

GKE has broken out of its downtrend line and is on our watchlist. The volume wasn’t as good as we hope for it to be hence we are watching it for the next few days to see if it can sustain above the downtrend line.

Our entry could be from 0.182 -0.183 with an upside target of 0.194. We can see that at 0.185 there is some resistance but it should be able to clear it if volume comes in.

Our stop loss would be about 0.170. So we would manage our trade size for this trade.

Yours

Humbly

Kelwin&Roy

Asiaphos- Up 10% and close to our target during intraday high

Kelwin & Roy Asiaphos , , , , , , , , ,
1st April, 2017, 12:59 AM

Asiaphos- Up 10% and close to our target during intraday high

Asiaphos 31 mar 2017

Asiaphos, which we shared on the blog just yesterday,  had more than a 10% run up today during its intraday high of 0.118 which was very close to our target of 0.120. We hope some profits were booked , it had a wide swing through the day closing at 0.103 which was slightly below yesterday close of 0.104, before Asiaphos asked for a trading halt.

Some News were released just this evening , more can be read here. The News does not seems that good so let us see how it trades on Monday where the trading halt will be lifted in the morning.

Remember we did say that trading such penny stock will be very volatile , hence ensure proper stop loss and appropriate position sizing is VERY Important for risk management.

Want to know more on how to trade such a stock. Do drop us an email and we’ll be glad to share like how we share with our clients.

As for its chart , if it breaks below the 0.105  resistance level now turned support level , the stock may fall back to the next support level of 0.095 follow by 0.086 and 0.079 as the next 2 possible support levels.

Yours

Humbly

Kelwin&Roy