Month: July 2019

CityDev – [ The Importance Of Taking Profit At Resistance]

Kelwin & Roy City Dev , , , , , , , , , ,
30th July, 2019, 5:38 PM

CityDev – [ The Importance Of Taking Profit At Resistance]CityDev 30th July 2019


Chart Source: Poemsview 30th July 2019

CityDev started its upwards movement yesterday and we’re glad our EXCLUSIVE CLIENTS were alerted at $9.59. Many have been asking why CityDev ran and not other blue chip property counters like Capitaland and UOL. Some reasons could be the sale of its recently launched Punggol EC or the upcoming fed meeting which might signal interest rate cut or maybe an update of its take over of the Milennium &Copthorne hotel. 

We also saw the chart being nicely set up as volume started to come in in the late afternoon which was one signal to us.

We’re glad that CityDev hit our upside target of $9.90 up 3% since our entry and as you can see started to have some retracement. As we always say, its always good to take some profit along the way and be methodical about it.

Looking at $9.90 resistance now and if that breaks we might see $10.10. Slow and steady does it!

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Humbly

Kelwin&Roy

DBS – [ Good Set Of Results, But What Happened To The Price? ]

Kelwin & Roy dbs , , , , , , , , , ,
29th July, 2019, 5:55 PM

DBS – [ Good Set Of Results, But What Happened To The Price? ]DBS 29th July 2019

Chart Source: Poemsview 29th July 2019

DBS reported a better than expected set of results this morning before market open. This caused an initial spike in the price of DBS to our third target of $26.99 which is also the gap resistance area. After a slight overshoot to $27.04 it started to come down on profit taking.

As DBS has been up since mid july traders could have anticipated a better results which they were not disappointed to. While the unsuspecting traders jumped onto the news the seasoned trader might have taken some profits. It is important to read the chart well and not to be greedy at such times. Taking some profit off the table along the way is something we usually do. As DBS is up over $1 since our ALERT to our EXCLUSIVE CLIENTS some profit taking is to be expected.

We’re putting DBS’s resistance at $27 and a strong break might look to cover that gap. Fed is meeting this week to decide the rates. Its something to look out for.

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Kelwin&Roy

 

Frencken – [ Up 10% To A New All Time High, What Are We Doing Now? ]

Kelwin & Roy Frencken , , , , , , , , ,
25th July, 2019, 5:56 PM

Frencken – [ Up 10% To A New All Time High, What Are We Doing Now? ]Frencken 25th July 2019

Chart Source: Poemsview 25th July 2019

Frencken had a late day breakout and broke above its previous resistance of $0.68 closing at $0.715!

We’re glad that we Alerted our EXCLUSIVE CLIENTS just on tuesday 23rd July about the observation we saw. To our delight frencken took off and shot up to our THIRD profit target of $0.72. A very nice movement of more than 10% since entry of $0.65. Taking some profit might be a wise thing as the stock had a strong run and nothing wrong with locking in some profit as we are always on the cautious side. Never wrong to be careful especially in such a market.

As Frencken its at its all time high, we’re taking it step and step and not get ahead of ourselves. $0.75 might be the next resistance then $0.78. Take note that its results earning might be around 10 Aug. So pay attention.

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Kelwin&Roy

Singtel – [ What Is Ringing? ]

Kelwin & Roy Singtel , , , , , , , , , ,
24th July, 2019, 9:05 PM

Singtel – [ What Is Ringing? ]Singtel 24th July 2019

Chart Source: Poemsview 24th july 2019

Singtel has been climbing steadily since june and have met some strong resistance at $3.56 area.

Will singtel continue its march up? or will it start to correct and head down?

What is your  trading plan for Singtel like?

We are coming up with a plan, how about you?

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Yours

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Kelwin&Roy

DBS – [ Follow Up, Hitting 2nd Target of $26.80, What Now? ]

Kelwin & Roy dbs , , , , , , , , , ,
24th July, 2019, 8:43 PM

DBS – [ Follow Up, Hitting 2nd Target of $26.80, What Now? ]DBS 24th July 2019

Chart Source: Poemviews 24th July 2019

DBS bank continues to inch up following our blog post just LAST WEEK. It has reached our second target and once again our EXCLUSIVE CLIENTS were alerted on it. As DBS has moved up over 3% from $25.97 to $26.80 over the past week taking some profit off the table is always good. We always emphasize in protecting your profits, we rather  make less than to have a profitable trade turn to a loss.

DBS so far is the strongest bank amongst the three local banks with OCBC the second strongest in terms of price movement. UOB didn’t have much movement and is still in a range if you refer to the chart.

Our next target for DBS is rather closeby at $26.99 also do take note that their earning results is coming out on 29 July  before market opens. Well, you know our stance in trading too new earning results, so do pay special attention.

How was your trade plan for DBS like?

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Kelwin&Roy

 

DBS – [ Inching Towards Our First Target, What Should We Do? ]

Kelwin & Roy dbs , , , , , , , , , , ,
18th July, 2019, 9:40 PM

DBS – [ Inching Towards Our First Target, What Should We Do? ]DBS 18th July 2019

Chart Source: Poemsview 18th July 2019

DBS the strongest in terms of price movement amongst the three local banks. It has seen its price moved up over the last few days whereas OCBC and UOB were moving in a sideway pattern.

We’re glad we managed to catch this upswing and alerted our EXCLUSIVE CLIENTS on it on Monday when DBS was well supported by the 5ema.

It is now moving close to our first target of $26.40 which is just 5 cents away. As the market seems a little wobby to us we would want to protect profits at this point and not expect too much. It is better to make lesser profit then to have a profitable trade turn to loss. Blue Chips stocks like banks and property stocks are somewhat in a drifting phase and we’re monitoring for the next course of action.

We have drawn out our trade plan for DBS, do you have a trade plan?

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Kelwin&Roy

 

ThaiBev – [ Broke Out And Up To Our First Resistance Point ]

Kelwin & Roy Thaibev , , , , , , , , ,
10th July, 2019, 8:30 PM

ThaiBev – [ Broke Out And Up To Our First Resistance Point ] ThaiBev 10th July 2019

Chart Source: Poemsview 10th July 2019

Thaibev which we mentioned just last week has indeed moved up with the reasons which we pointed out in our previous post. It has seen a nice  2.5% upswing within contra period which is an added bonus. It is currently at a critical resistance of $0.88 as drawn.

So an entry at $0.865 might be valid as it manages to stay above the $0.88 resistance. For such a trade, one has to stay alert and nimble.

There is a gap resistance at $0.88 unless Thaibev manages to stay above that then there might be a chance to cover the gap. Volume should also come in in order to sustain the move.

Want to know more about our plans for ThaiBev?

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Yours

Humbly

Kelwin&Roy

 

 

 

ThaiBev – [ Broke Out? Real Or Fake? ]

Kelwin & Roy Thaibev , , , , , , , , , ,
5th July, 2019, 8:25 PM

ThaiBev – [ Broke Out? Real Or Fake? ]ThaiBev 5th July 2019

Chart Source: Poemsview 5th July 2019

The previous time we mentioned ThaiBev was in early May when it was trading around $0815 and we warned of further downside. True enough the downside came and it went down all the way to a low of $0.735. A very decent downside if you ask us.

Thaibev has caught our attention once again and this time we’re looking at it for some upside if possible. Don’t forget that ThaiBev is part of the STI component stock.

It has broken out of its horizontal resistance of $0.86.

1..It managed to stay above that at closing which is a good sign.

2. Volume is much more than previous days

3. Moving averages are sloping up.

What other points are you looking at?

Where would you place your stop loss or entry?

Want to know more about our plans for ThaiBev?

CLICK HERE to see how you can learn how to plan a sound and actionable trade plan and to be part of this EXCLUSIVE COMMUNITY to enjoy such value added services.

Yours

Humbly

Kelwin&Roy

 

 

Apac Realty -[ Watching For The Break, What’s Your Trade Plan Like?]

Kelwin & Roy Apac Realty , , , , , , , , , ,
3rd July, 2019, 3:02 PM

Apac Realty -[ Watching For The Break, What’s Your Trade Plan Like?]

Chart Source: Poemsview 3rd July 2019

Apac Realty has seen a nice base forming recently and is also being supported by the 5ema which we talked about in our seminars. It is also supported by the uptrend line which adds to another positive sign.

Apac Realty is currently at the horizontal resistance of $0.56. We’re keeping a lookout for it as property counters like Capitaland is still moving today.

Want to know more about our plans for Apac Realty?

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Yours

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Kelwin&Roy

Straits Times Index – [ Rebound Rebound Rebound! Updates Updates!]

Kelwin & Roy Straits times index , , , , , , , , , ,
1st July, 2019, 9:09 PM

Straits Times Index – [ Rebound Rebound Rebound! Updates Updates!]

Chart Source: Poemsview 1st July 2019

Straits Times index or STI along with regional markets saw a nice upside after the G20 meeting. A positive outcome where US and China are ‘back on track‘ with no further trade tariffs in the near term as leaders will resume trade talks.

As for our STI, ever since we alerted our readers of the potential rebound on 5th June, STI has made a V shape recovery which is rather impressive in our humble opinion. STI is up close to 7% which in less than on month which is very good according to us. Many blue chips counter like Wilmar, Capitaland, UOL, our three local banks have seen a nice rebound.

If we take  a look at the chart now we can see that STI is nearing its resistance but if the bullish sentiments continues we might see it breakout of that and retest the previous high of 3400 area. We’re using the 5ema for now as a guide for the support as that has been supporting the index for the last few weeks.

Lets keep watch. Fed meeting is at the end of the month, could the market run ahead of it with a possibility of a rate cut?

Do CONTACT US if you want to know more.

Yours

Humbly

Kelwin&Roy