Month: April 2020

DBS – [ Rebound or Down? ]

Kelwin & Roy dbs , , , , , , , , , , ,
23rd April, 2020, 7:07 PM

DBS – [ Rebound or Down? ] DBS 23rd April 2020

Chart Source: Poemsview 23rd April 2020

DBS has been seeing selling in its shares for the past week. It broke down from our uptrend line and also the 5ema which gave us some conviction to alert our CFD clients on this potential analysis.  To add further pressure to the already stressed up system, news came out regarding Hin Leong Trading.  Many banks were involved in this high profile cases now.

As DBS broke its uptrend line of 19.12, the downward pressure came in and took it down to our first target of $18.50. We saw a slight rebound and a test of the 5ema but DBS failed to gain footing above it.

If DBS can’t close above this in the next few days we might see more downside. Which camp will you be on?

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Yours

Humbly

Kelwin&Roy

 

 

 

Straits Times Index – [ Has It Peaked? More Room For Upside?? ]

Kelwin & Roy Straits times index , , , , , , , , , ,
19th April, 2020, 9:36 PM

Straits Times Index – [ Has It Peaked? More Room For Upside?? ]Straits Times Index 19th April 2020

Chart Source: Poemsview 19th April 2020

Straits  Times Index or STI had a very good  rebound which caught many off guard. The rebound was about 20% from the low which was slightly stronger than expected. The question is can STI move up more? Is there still room to go for STI?

Before we dive  further, we’ll bring in the chart of S&P as markets still takes some reference from big brother USA.

Using the weekly chart for S&P, we feel that there might be just be more room for an upside probably to the 50ema which is around 2960 level for S&P, if it does reach around there , we have to be very very careful already. That would mean that S&P would have rebound 35% off the low which is considered a lot. But that said, we are in extraordinary times and such a bounce is also an extraordinary bounce.

So if S&P still has some upside, we might see STI slowly trying to aim for its 50ema too which is around 2720 and also the fibo 50% retracement level.  If STI can rally to around that area, we’ll be looking for SHORT opportunities. The risk reward for longs now is not very favourable (in our view) so we’ll probably be patiently looking for short opportunities instead.

Looking for Short opportunities but not sure how to go about doing it? Not sure how to short or not sure what instrument to use for for shorting? Want to learn how to use CFD (Contract for difference) to short the market?

Don’t be shy and just drop us a message and we’ll be glad to answer them!

Yours

Humbly

Kelwin&Roy

 

 

SATS – [ Down It Goes Again, Catching It For The Second Time]

Kelwin & Roy SATS , , , , , , , , , ,
15th April, 2020, 6:38 PM

SATS – [ Down It Goes Again, Catching It For The Second Time] SATS 15th April 2020

 

Chart Source: Poemsview 15th April 2020

SATS is the leading provider of gateway services and food solutions in the region. It is a familiar sight to many Singaporeans as they depart from Changi Airport. SATS is also part of the STI component stock.

Given the drop in tourism, SATS would be adversely affected due to the decrease in flights . Our airports are almost empty with SIA cutting 97% of their capacity. SATS would be hit badly and if you would want to ride the downside then shorting using CFD would be a way to do so.

Our CFD clients were alerted of such an opportunity once in end march at $3.48 and another time today( 15th April). As SATS tried to rebound for the last week, its rebound might come to an end and resume its downwards trend for now. SATS hit our first target of $3.01 and from our analysis we are setting our next possible target at $2.82.

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

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Yours

Humbly

Kelwin&Roy

 

 

Good Friday – Reflections

Kelwin & Roy Stock Market
10th April, 2020, 8:56 AM

Good Friday – Reflections

Picture source: newhopebc.org

Words taken from Minister Tan Chuan Jin: ” As we enter Good Friday, our world is mired in turmoil as we do battle with an unseen enemy. Enveloping the world in a shroud of sickness and death, the light dims, casting long flickering shadows. In the darkness, we are gripped by fear and anxiety and by the unknown. “

But through this tough and uncertain times may we all find peace and hope from our faiths, from within us and from one another. May we not lose hope but rise up and rally as one.

As we take time off, may we take time to count of blessings, reflect and be thankful for what we have.

May our Christian friends find this day and the next few days to come with exceeding joy and filled with reflection of the death of resurrection of Our Lord.

May we also be a Samaritan to a neighbour in need, perhaps one who struggles to leave their home to get groceres, or who cannot cook or fend for themselves.

May our nation and people be richly blessed with wisdom , courage and love.

 

Yours

Humbly

Kelwin&Roy