Month: June 2018

Straits Times Index – [ Is the Rebound Coming? ]

Kelwin & Roy Straits times index , , , , , , ,
29th June, 2018, 8:36 AM

Straits Times Index – [ Is the Rebound Coming? ]Straits Times Index 29th June 2018

Chart Source : Poemsview 29th June 2018

Straits Times Index has dropped about 10% from a high of  3641 to a low of 3237 a healthy correction in a bull market.

Our previous support didn’t hold at 3295 which then came down to a low of 3237. If this support doesn’t hold then 3199 could be on the cards.

We are now watching to see if this support holds before making any move. The immediate resistance might be 3267 breaking above that might see it test the near term resistance at 3295 . If market continues to rebound then we might see 3340 area.

We’re watching closely for a rebound and Banks like ocbc, dbs might be a sector that might lead the rebound.

Yours

Humbly

Kelwin&Roy

 

 

Valuetronics – [ Rebound Came Exactly After Hitting Our Target of $0.64, Close to 20% Downside]

Kelwin & Roy Valuetronics , , , , , , , ,
28th June, 2018, 8:26 AM

Valuetronics – [ Rebound Came Exactly After Hitting Our Target of $0.64, Close to 20% Downside] Valuetronics 28th June 2018

Chart source : Poemsview 28th June 2018

Valuetronics a shorting candidate we spotted just one month back which came down close to 20% to our support of $0.64.

Valuetronics rebound from our support of $0.64 to a high of $0.685 but closed not as nice today due to the market sentiments.

For now we might see the price hovering in a range which we might not attempt to catch yet as market still remains volatile.

A retest of $0.64 might be good to see if the support is valid.

Two ways we’ll play this. If valuetronics test $0.64 and breaks we might continue shorting. If it doesn’t and starts to form a base then we might consider going long for a rebound.

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Sembcorp Marine – [ Reaching Our First Target Of $2.07, Next Target? ]

Kelwin & Roy sembcorp marine , , , , , , , , , ,
27th June, 2018, 9:30 PM

Sembcorp Marine – [ Reaching Our First Target Of $2.07, Next Target? ]Sembcorp Marine 27th June 2018

Chart Source: Poemsview 27th June 2018

Sembcorp Marine was one of the counter we highlighted just TWO DAYS BACK as oil started to turn up due to OPEC less than expected output increase.

We mentioned a break above $2 might see it move higher and indeed we’re glad it moved up to our first target of $2.07. Needless to say our EXCLUSIVE CLIENTS were informed of the break and managed to ride the wave to $2.07.

So where is our next target? As Sembcorp Marine hit our resistance and pulled back also due to market sentiments if it manages to stay above $2 we are still optimistic.

If Sembcorp Marine closes below $2 then we might see further downside from there.

Keeping watching.

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Keppel Corp – [ Oil Jumps, Will Keppel Corp Be Next?]

Kelwin & Roy Keppel Corp , , , , , , , , ,
24th June, 2018, 10:14 PM

Keppel Corp – [ Oil Jumps, Will Keppel Corp Be Next?] Keppel Corp 24th June 2018

Chart Source: Poemsview 24th June 2018

Oil Jumped the most since nov 2016. Opec agreed to a modest increase in oil production but was unclear on how much they might increase by.

“OPEC’s decision confused some in the market as the producers gave opaque targets for the increase, making it difficult to understand precisely how much more it will pump. The expectation that the increase will fall short of the 1 million bpd figure boosted the market. ” (Quoted from CNBC). Due to that, oil jumped and set a bullish tone for the oil market. Read HERE for more.

Keppel Corp seems to be a range for the last week with $7 area being a critical support. The resistance for Keppel Corp might be at $7.17

A break above that might see it move up to $7.26 first and then $7.32. $7.42 might even be possible if oil remains bullish.

Sembcorp Marine is another oil counter that  we’re looking at. A break above $2 and staying above that might indicator more upside.

Yours

Humbly

Kelwin&Roy

 

Straits Times Index – [ Rebound In Sight? ]

Kelwin & Roy Straits times index , , , , , , , ,
21st June, 2018, 8:43 AM

Straits Times Index – [ Rebound In Sight? ]Straits Times Index 21st June 2018

Chart Source : Poemsview 21st June 2018

Straits Times Index have fallen to our 3313 region which we previously mentioned and seems to be forming a base around that area.

If the support continues to hold we might see a rebound coming soon as trade war news might have overplayed for now and market might have absorbed some of the bad news.

We’re looking at 3340 as a resistance and a break above that might see us up towards 3378 area first. We’re looking at certain stocks to rebound too as we round up some of our shorts for now.

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Japfa – [ Achieved Upside Of 10% Since In Less Than Three Weeks, Our Next Target? ]

Kelwin & Roy Japfa , , , , , , ,
20th June, 2018, 12:24 PM

Japfa – [ Achieved Upside Of 10% Since In Less Than Three Weeks, Our Next Target? ] Japfa 20th June 2018

Chart Source : poemsview 20th June 2018

Japfa as we mentioned before on our blog post previously has reached our target of $0.625 which translates to an upside gain of 10%.

In less than three weeks we saw Japfa moving from $0.565 to a high of $0.63 today. A very nice swing long if you ask us despite such market condition.

Our EXCLUSIVE CLIENTS were alerted on this trade analysis and were kept informed of Japfa’s latest movement.

As Japfa has climbed quite a fair bit, a pause would be fair before it might move up to $0.66. The volume coming in today is healthy and more than the previous day which might suggest further upside is possible.

Lets continue watching.

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Valuetronics – [ 10% Downside Achieved In Just Three Weeks, Our Next Target? ]

Kelwin & Roy Valuetronics , , , , , , , , , ,
19th June, 2018, 7:35 PM

Valuetronics – [ 10% Downside Achieved In Just Three Weeks, Our Next Target? ] Valuetronics 19th June 2018

Chart Source : Poemsview : 19th June 2018

Valuetronics was an electronic stock which we alerted our EXCLUSIVE CLIENTS on just three weeks back.  When valuetronics failed to hold above $0.785 we knew that it might be in trouble. Furthermore, its peers were also being sold down hence that gave us more conviction in our shorting target.

The moment it broke $0.785 we Alerted our EXCLUSIVE CLIENTS informing them about our trade analysis. We’re glad that valuetronics started to peel away although it tried to rebound but the overall sector remained weak and it couldn’t fight gravity.

We’re happy to see that after our spotting UMS for shorting, valuetronics continues to give us a very nice return of more than 10%

Where might our next target be? We’re looking at $0.68 then $0.64 where a rebound might happen. Let’s continue to monitor and see where this trade takes us.

Don’t forget your trailing stops.

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MapleTree Ind Trust – [ Below $1.91 Triple Support, Be Alert!]

Kelwin & Roy Mapletree Indu Trust , , , , , , ,
19th June, 2018, 8:18 AM

MapleTree Ind Trust – [ Below $1.91 Triple Support, Be Alert!]

Mapletree Ind Trust 19th June 2018

Chart Source : Poemsview 18th June 2018

Mapletree Ind Trust closed below its triple support of $1.91 which isn’t good if you ask us.

It is also below the 200ma which adds further downside pressure.

It might hit the $1.87 first and failing to hold that we might see further downside pressure to $1.81 area.

We might consider a swing short on this counter as long as it doesn’t close firmly above the 200ma

Lets keep a look out for this.

Yours

Humbly

Kelwin&Roy

Sembcorp Marine – [ Two Downside Target Hit In A Day, Next Target? ]

Kelwin & Roy sembcorp marine , , , , , , , ,
18th June, 2018, 5:10 PM

Sembcorp Marine – [ Two Downside Target Hit In A Day, Next Target? ]Sembcorp Marine 18th June 2018

Chart Source: Poemsveiw 18th June 2018

Sembcorp Marine following oil’s dismal performance on friday took a tumble and fell 5% during Monday’s trade.

In fact Sembcorp Marine has been down over 6% from the time we sent out our trade analysis to our EXCLUSIVE CLIENTS.

The moment Sembcorp Marine broke its horizontal support of $2.06 we sent out the alert and although Sembcorp Marine did try to put up a fight, it couldn’t hold up given the market sentiment and the decrease in oil price.

It couldn’t break above the high of $2.10 which signaled trouble.

Sembcorp Marine has hit both our downside targets of $2.01 and $1.97 and JUST ONE CENT short of our next target of $1.91.

We’re awaiting for that target to hit, fingers crossed. If $1.91 doesn’t hold then we might even see $1.82 eventually.

Shorting has been the focus so far as market continues to fall sharply.

If you do not know how to short then you could be severely handicapped in this market.

On top of that it is important to have someone journey alongside with you to remind of the constant changing market condition in order to skillfully manoeuvre through it.

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Kelwin&Roy

Trump- Kim Post Summit – [ STI Updates, Surpassing Expectations]

Kelwin & Roy Straits times index , , , , , , ,
18th June, 2018, 8:16 AM

Trump- Kim Post Summit – [ STI Updates, Surpassing Expectations ]Straits Times Index 18th June 2018

Chart Source: Poemsview: 18th June 2018
Image source: independent.co.uk

Straits Times Index took a beating post Trump-Kim Summit as the impact on our Straits Times Index was minimal as anticipated.

The issue of interest rate rising, on going trade wars are more impactful as compared to the summit.

As explained from our previous post, we would be looking out more on the recently Fed meeting and China and US trade war.

Fed Increased interest rates over the week and signalled for another 2 more for 2018 taking it to a total of 4 times for 2018 which is one more time more than the expected 3. This shook the markets a little too.

Over the weekend, Trump slapped up to $50 billion of tariffs on China goods and in retaliation China returned the favour with tariffs on US goods of up to $50 billion too.

As for our Straits Times Index, we broke the 200ma and started heading down surpassing our expectation of 3397

We closed at 3356 and might even see 3340 and even 3313 if our market remains weak.

As you can see, most of the counters we been mentioning are for short and to have CFD to short is critical.

If you are interested to know more about shorting and how to use Poems CFD to Short, we will be conducting a workshop very soon so keep a look out for it.

In addition, if you want to know how to be part of this exclusive community to receive first hand trade analysis to your handphone, do CONTACT US.

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