Month: April 2021

Alibaba (9988.HK) – [Support/Resistance, Looking For A Breakout! ]

Kelwin & Roy Alibaba , ,
12th April, 2021, 5:02 PM

Alibaba (9988.HK) – [Support/Resistance, Looking For A Breakout! ]Alibaba 12th April 2021

Chart Source: Poemsview 12th April 2021

Image source: www.bbc.com

Alibaba has been fined 18.2b yuan last Saturday one of the biggest fine ever in the antitrust penalties globally. This fine amounts to about 4% of the company’s 2019 domestic revenue.

Alibaba said it accepted the penalty and will ensure its compliance with determination.ย “We’re happy to get the matter behind us, but the tendency is that regulators will be keen to look at some of the areas where you might have unfair competition,” he told an investor call on Monday. The company added that it was not aware of any further anti-monopoly investigations by Chinese regulators, though it signalled that Alibaba and its competitors would remain under review in China over mergers and acquisitions.

This fine signals a new era after years of laissez-faire approach as the Chinese govt clamps down on such practices.

So what will the future hold for Alibaba? Well, now that the penalty is determined, the market uncertainty about Alibaba will be reduced and analyst are positive about this move. With JP Morgan restated its overweight with a price target of $320. Hopefully with this market will get getting interested about Alibaba again as we witnessed an upside despite the fine. But stocks like Tencent, meituan fell as they are vulnerable to Chian’s regulatory policy.

ย From a technical analysis perspective, Alibaba has been in a side way consolidation for the one month plus. The support is around $217 and $208 while the immediate resistance at $239 area. A break above that might see it move to the downtrend line of around $249 then the next resistance of $265. We’re bullish on Alibaba’s prospects.ย 

What’s your take on Alibaba? Drop us a line as we would like to know your thoughts.

Yours

Humbly

Kelwin&Roy

 

Straits Times Index -[ Time For Pullback? Here’s Why]

Kelwin & Roy Straits times index , , , , , , , ,
9th April, 2021, 7:07 AM

Straits Times Index -[ Time For Pullback? Here’s Why]Straits Times Index 9th April 2021

Chart Source: Poemsview 9th April 2021

The Straits Times Index (STI) finished Q1 2021 with about 11% gain and its the strongest first quarter of calendar year since 2012. Best of all, our Straits Times Index which was the worst performing index in Asia last year have actually came in as the second best performer amongst the 18 global stocks index! WE got a fighting spirit eh!

The key driver for STI’s performance was mainly due to the banks which takes up about 40% of our STI.

From a technical analysis point of view our STI actually closed below the 5ema which it has been closing above for the past few weeks. Well, its not panic mode for us but this might signal some pullback that is to come in the next few days or so. A healthy pullback is also welcomed as investors now complain everything being overvalued or expensive.

Some healthy levels to pullback to might be the 20ema or even that uptrend line of around 3119. If STI manages to punch above the 5ema again and break out of the current 3220 zone then it might signal the continuation of the uptrend.

Yours

Humbly

Kelwin&Roy

ISDN Holdings- [ On The Look Out ]

Kelwin & Roy ISDN Holdings , , , , , , , , ,
6th April, 2021, 7:07 AM

ISDN Holdings- [ On The Look Out ]

Chart Source: Poemsview 6th April 2021

ISDN has been consolidating for awhile now. Other electronic stocks have been running while ISDN Holdings is still in consolidation phase. Could this be the next move? Using technical analysis, current resistance is at $0.645 . If it manages to break that and stay above that we might we it move higher to our next resistance point of $0.685.

The support for us is at 60 cents then $0.56.

What are your thoughts on ISDN Holdings?

Do share it with us.

Yours

Humbly

Kelwin&Roy

Comfort Delgro – [Shifting Gears! Accelerating Forward With Vaccine Rollout]

Kelwin & Roy Comfort Delgro , , , , , , , ,
5th April, 2021, 6:18 PM

Comfort Delgro – [Shifting Gears! Accelerating Forward With Vaccine Rollout]

Chart Source: Poemsview 5th April 2021

๐Ÿš˜Comfort Delgro has been steadily moving up ever since it crossed its 20ema. With vaccine roll out in UK, Singapore and Australia and more people going back to office the demand for taxis should see an uptick. With Singapore now allowing more workers to return to office and no longer have work from home as the default, this would mean more travel to the office and with that a pick up in transportation rides.

It was back in Feb when Comfort Delgro broke above the 20ema catching our attention and they say the rest is history. A nice 10% upside can be seen when Comfort hits $1.80.๐Ÿš€๐Ÿš€

In fact we spotted another re-entry as it consolidated around the $1.70 level and broke out! A nice 5% upside seen just within a week since our alert to our EXCLUSIVE CLIENTS at $1.72.ย  Interest is building up as we can see volume picking up for this counter. A push towards the $1.89 level could be on the cards as the recovery theme continues to be in play.

Want to be the First to receive our trade alert sent straight to your handphone before the stock moves?

Then be ourย EXCLUSIVE CLIENTย and find out how much value is waiting for you!๐Ÿ‘

See you onboard soon!

Yours

Humbly

Kelwin&Roy