Month: September 2020

Straits Times Index – [ Mid Day Updates, Looks Promising, Here’s Why! ]

Kelwin & Roy Straits times index , , , , , , ,
29th September, 2020, 2:40 PM

Straits Times Index – [ Mid Day Updates, Looks Promising, Here’s Why! ]Straits Times Index 29th Sept 2020

Chart Source : Poemsview 29th Sept 2020

Straits Times Index has broken out of its midterm downtrend line and also has broke above its 20ema.

From technical analysis point of view, these are some promising cues which might have more upside potential. What we’re looking at is for the Straits Times Index to close above this 20ema and stay above it for the next few days. That could possibly be a bullish signal for the markets. Take a look at our Riverstone post and what happens when it crosses the 20ema.

If we see our three local banks, OCBC and UOB are currently above the 20ema while DBS is still under. Do keep a watch for it as we previously posted on it too.

We have drawn some potential support and resistance should STI be able to stay above the 20ema. Let’s hope we can see 2546 first in the coming weeks.

Yours

Humbly

Kelwin&Roy

 

Riverstone – [ Rebound Came After We Posted, What Are We Looking Out For Next? ]

Kelwin & Roy Riverstone , , , , , , , , ,
28th September, 2020, 6:58 PM

Riverstone – [ Rebound Came After We Posted, What Are We Looking Out For Next? ]Riverstone 28th Sept 2020

Chart Source: Poemsview 28th Sept 2020

Riverstone a glove related counter was a counter we posted on our blog before market open last friday (25th Sept) when it was at $3.49.  Once market open it slowly moved up and just one cent shy of our target $3.74, it touched $3.73 and started to have profit taking through the day.

It made a nice 6% upside in a day since it broke above the 20ema which we mentioned in our post too,  very decent if you ask us. =)

So what are we looking out for next? From the chart and using technical analysis,  $3.73-3.75 is a potential resistance for us. The short term support to us is the 20ema and that uptrend line we drew , which is round $3.53 level. If riverstone can maintain at this level and take out the resistance, we might even see $4.11 level.

Keeping our eyes on it.

Yours

Humbly

Kelwin&Roy

Glove Counters – [ More Rebound In Sight? ]

Kelwin & Roy Riverstone , , , , , , , , ,
25th September, 2020, 7:53 AM

Glove Counters – [ More Rebound In Sight? ]Riverstone 25th Sept 2020

Chart Source: Poemsview 25th Sept 2020

Just a day or two we saw glove counters gaining some strength as there were having a sideways consolidation. Cases are starting to rise again in the Western side like europe and this might have some positive effect on these glove stocks.

Glove counters like Top glove and UG healthcare have all broken above their 20ema and might see further upside in the near future. But we’re not super optimistic and might just want to be mindful for this as a rebound.  Now how about Riverstone?

Riverstone is currently pinned down by the 20ema and the downtrend line. If it manages to break and stay above that we might see a potential move up in the coming days. There has also been an increased in volume.

Keeping our eyes on it.

Yours

Humbly

Kelwin&Roy

Singapore Local Banks – [ Low Enough For A Rebound? ]

Kelwin & Roy dbs , , , , , , , , ,
24th September, 2020, 8:09 AM

Singapore Local Banks – [ Low Enough For A Rebound? ]DBS 24th Sept 2020

Chart Source: Poemsview 24th Sept 2020

Our three local banks has been on a downtrend for awhile due to the weaker economic data, bleak outlook and a low interest rate environment too. The downward pressure has been rather strong and the question is, is the end in sight? Also, as the three banks take up a rather big weightage in the STI, how the STI moves depends quite a bit on how these banks move too.

Let’s take a look at our first bank DBS.

From the chart, we MIGHT see a temporary short term support at around $19.50 area which is our horizontal support. A nice strong candle appeared yesterday and this bounce might take us to our downtrend line or maybe even to $20.60-20.80. From there on, downwards pressure might start to come back in.  A good level to start considering scaling in might be around $19.

 

OCBC 24th Sept 2020

OCBC similar to DBS has also seen some support at the horizontal support of around $8.38. If this bullish momentum can carry on we might see OCBC break out from that downtrend line and maybe even to $8.7 and $8.9 if market remains well. After that we might see downwards pressure coming  in. A good strong support might be at around $8.

 

UOB 24th Sept 2020

UOB is rather interesting. It actually broke the downtrend line, hover a few days and came down and actually tested the downtrend which became a support. The near term resistance might be $19.34 breaking which we might see $19.74 and maybe even $20.30. A good strong support is around $18.19.

Want to know more about our three local banks?

Just simply drop us a message and we’ll be happy to discuss more.

Yours

Humbly

Kelwin&Roy

BYD Company (1211.HK) – [ $95 Target Met, What’s Next?? ]

Kelwin & Roy BYD Company , , , , , , , ,
15th September, 2020, 11:00 AM

BYD Company (1211.HK) – [ $95 Target Met, What’s Next?? ]BYD Company 15th Sept 2020

Chart Source: Poemsview 15th Sept 2020

BYD Company ( 1211.HK) one of the first few Hong Kong  stocks which we started to share with our client as we continue to  give value to our clients. It remained relatively strong despite the recent pullback and not even touching our support of $68.35.

Just a couple weeks back when we shared, BYD Company was $75 and in less than a month it has climbed to our target of $95. Up over 25%! That’s the wonder of the Hong Kong stock market. Of course  the reverse is true that is why having a stop loss and sticking to it is important!

As for now , the next possible target might be around $100, a nice round whole number. But of course, nearing there we might see some resistance.

Want to receive such information sent straight to your handphone?

Drop us a message, and we’ll be glad to guide you along!

Yours

Humbly

Kelwin&Roy

Tencent (700.HK) – [ Covering Gap, What’s Our Next Upside Target? ]

Kelwin & Roy Tencent , , , , , , ,
15th September, 2020, 8:02 AM

Tencent (700.HK) – [ Covering Gap, What’s Our Next Upside Target? ]Tencent 15th Sept 2020

Chart Source: Poemsview 15th Sept 2020

Tencent (700.hk) needs little or no introduction is China’s largest game developer  and owns the China version of whatsapp WeChat. Its owner’s Pony Ma is the richest man in China surpassing Jack Ma.

Tencent is part of the HSI component and takes up close to 9.9% of the HSI component. So when tencent moves, it could bring the HSI along with it.

Tencent is one of the hot favourites for traders and investors and hence we covered it in our Value added service to our clients, creating more value for them.

This was just sent out monday morning before the HK market open so that our clients had time to digest the info. We’re glad Tencent went according to plan and covered the gap up to HK$533. Where are we targeting next? We have drawn possible support and resistance for our clients as a guide and educational purpose so that we can pass on our views and share information with them.

Drop us a message if you would like to find out more and learn how you can be included in our latest service to our clients.

Yours

Humbly

Kelwin&roy

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ]

Kelwin & Roy Frasers Cpt Tr , , , , , , , , , , ,
2nd September, 2020, 3:59 PM

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ] Frasers Cpt Tr 2nd Sept 2020

Chart Source : poemsview 2nd sept 2020

Frasers Cpt Tr is currently up after having a run up since its consolidation for the last two months. A first sign of turing up came when we saw Frasers Cpt Tr started to break above its mid-term downtrend line. It was just a week ago that we alerted our EXCLUSIVE CLIENTS of this trade set up when it was trading at $2.46 for them to prepare and plan.

Since then it has moved up over 7% since our entry and we are glad of the results.  Suburban malls looks better set for recovery as this is usually served by residences more than tourist. As tourist are not allowed for now, malls in orchard would suffer the most as lesser tourist visit. Mapletree com is also another counter for the recovery story.

As for now, Frasers Cpt Tr might see a push towards $2.72 which is closing the gap and after that a rest might be good. Will update more once again.

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

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

 

BYD Company (HK) – Check Out Our New Service To Our Clients, Giving More Value

Kelwin & Roy BYD Company , , , , , , , ,
2nd September, 2020, 7:41 AM

BYD Company (HK) – Check Out Our New Service To Our Clients, Giving More ValueBYD company 2nd Sept 2020

Chart Source: Poemsview 2nd Sept 2020

BYD Company Ltd is a chinese manufacturer of automobiles, rechargeable batteries etc with its corporate headquarters in Shenzhen. It is listed on the Shenzhen Stock Exchange and on the HK stock exchange. More about BYD Company can be read Here.

For this case, we’ll be looking at the one listed on the HKSE. Are we continue to give and add value we have started to look into the Hong Kong markets. We wish to create more value for our clients and slowly exposing them to HK markets.

BYD company had some brokerage upgrade too which can be read here. It might continue to move up in the coming days and test the resistance of HKD$90 which a bit of rest might be good for a further run. Next target we might look at is  HKD$95.

Some benefits in trading in the HK market.

  1. Asia hours! From 9:30am – 4pm
  2. Larger liquidity, more movement.
  3. More market participants
  4. More exposure to tech stocks.
  5. Greater mix of counters and diversity

Of course, we advise clients to steer clear of gem stocks!

Want to know more about the Hong Kong market? Want to receive such information sent straight to your handphone?

Drop us a message, and we’ll be glad to guide you along!

Yours

Humbly

Kelwin