Month: August 2022

The Week Ahead Aug 2022 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , ,
28th August, 2022, 4:35 PM

It was a brutal end to the week as markets tanked after Powell’s speech after he reiterate that more pain is ahead as Fed continues to look to increase interest rates. Its not something unexpected but markets didn’t like the tone and the massive sell down came. S&P500 gave up all its gain and broke its support which indicates more downside.

STI

STI fell at the start of the week but regained some grounds towards the end. Overall market still remains sideways to weak but with Friday’s sell down, some negative sentiment might spread over to Asia. So downside movement is expected for the week. But despite all these we managed to squeeze in some winning trades like Golden Energy. Waiting for more pullback in the market.

HSI 

HSI came roaring back after China stimulus and more hope of the end of Covid zero policies. It broke the downtrend line BUT with the selldown on Friday some negative sentiment might flow over to HK so some pullback should be expected. We might see a pullback to 19500 and if that holds we could see a real bounce.

Do head over to our Facebook page for more updates on S&P500 and where it might head after the massive sell down. Updates for Nasdaq is also over there.

Yours

Humbly

Kelwin & Roy

 

Golden Energy – [ Commodities Run = HomeRun]

Kelwin & Roy Golden Energy , ,
26th August, 2022, 4:17 PM

Golden Energy 26th Aug 2022

As we see commodities starting their rebound. One coal related stock stood out and we knew we had to alert our clients. That stock is none other than Golden Energy. It had corrected down from the high of 0.815 and the chance of a rebound was strong. Golden Energy recently reported a good set of results as expected and with that it gave us more confidence about this stock.

We have seen an 18% increase in just 3 days which is amazing if you ask us. Chasing this stock now is not somethin we’ll do as we don’t believe in chasing a stock that has moved up so much. Currently, we believe in taking profits off the table actually. $0.645 is one resistance then 0.675 region. Taking progressive profit is what we’ll do unless a short pullback comes.

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Yours

Humbly

Kelwin & Roy

The Week Ahead Aug 2022 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI, Stock Market , , , ,
21st August, 2022, 2:56 PM

After a month’s long rally, its about time for US markets to pullback. S&P500 indicators are currently in an overbought state and some pullback in the markets is expected and normal. GDP data for the US will be out this thursday  indicating if the economy is diving further into recession and could add further tension to the markets.

STI

STI saw a pullback as mentioned but has not gone down to our target yet so there might be more downside for the STI in the coming week. Banks are pulling back which will cause the index to pullback too. But despite some weakness, we saw tourism related stocks doing well for the last week before a pullback came. Looking for some short opportunity next week.

HSI

HSI hasn’t rebound last week as we expected but the rebound might be closing in as HSI looks to stabilize itself and build a base. The support of around 20k is holding and most tech companies have reported their results. Tencent despite missing estimates and its first time for revenue declining managed to still see its stock price move up. Alibaba is also holding up well and we might see some rebound coming soon too. Our upside rebound target for HSI is at 21262.

Head over to our Facebook for more updates on the US markets.

Yours

Humbly

Kelwin & Roy

 

SATS – [ Bright Spot In a Dull Market]

Kelwin & Roy SATS , ,
16th August, 2022, 7:18 PM

SATS 16th Aug 2022

SATS showed a very strong push up today despite the STI’s negative performance. Its volume is actually the highest for the last 2 months which is a good sign. With an increased in the volume, traders are taking interest in this counter. Next possible upside $4.24 then $4.37.

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We alerted our clients less than a week ago and now we’re seeing SATS move higher!

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Yours

Humbly

Kelwin & Roy

The Week Ahead Aug 2022 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , ,
14th August, 2022, 2:55 PM

A positive week for most markets especially for the US market which exceeded our upside target. Smashing through our upside resistance of 4200 to end up close to 4300. China, taiwan tension, Covid lockdowns continue to weigh the HK markets down but lets take a closer look at it.

STI

STI continues to push upwards and those stock that we mentioned like the banks, yzj and First Resource all saw a nice rebound. For this week, we might see some retracement for the week as STI has moved up quite a bit ever since we highlighted it. Some pullback can be expected and is healthy in a rebound move. The moving averages are sloping up now which is a good sign if you’re on the long side! A pullback might be to around 3230 first. Will update more if we spot any opportunities. But HK looks interesting now. Read now more to find out.

HSI

An interesting set up is happening over at HK. Its been down despite US & Singapore being up due to covid lockdowns, China , US and taiwan tension.  But is now showing some signs of resilience. It is currently at the downtrend line and it might be looking to break out from that this week as market settles down. The 20ema which is very nearby would act as the bigger resistance so if it manages to overcome the 20311 resistance then we might see more upside in HK this week after the pullback we mentioned. HK tech stocks like tencent and alibaba also looks like its ready to rebound. Keep a close lookout.

Head over to our Facebook for more updates on the US markets.

Yours

Humbly

Kelwin & Roy