Keppel Corp – [ Oil Jumps, Will Keppel Corp Be Next?]

24th June, 2018, 10:14 PM

Keppel Corp – [ Oil Jumps, Will Keppel Corp Be Next?] Keppel Corp 24th June 2018

Chart Source: Poemsview 24th June 2018

Oil Jumped the most since nov 2016. Opec agreed to a modest increase in oil production but was unclear on how much they might increase by.

“OPEC’s decision confused some in the market as the producers gave opaque targets for the increase, making it difficult to understand precisely how much more it will pump. The expectation that the increase will fall short of the 1 million bpd figure boosted the market. ” (Quoted from CNBC). Due to that, oil jumped and set a bullish tone for the oil market. Read HERE for more.

Keppel Corp seems to be a range for the last week with $7 area being a critical support. The resistance for Keppel Corp might be at $7.17

A break above that might see it move up to $7.26 first and then $7.32. $7.42 might even be possible if oil remains bullish.

Sembcorp Marine is another oil counter that  we’re looking at. A break above $2 and staying above that might indicator more upside.

Yours

Humbly

Kelwin&Roy

 

Keppel Corp [Up to 6% high since Trade Plan revealed]

21st April, 2018, 12:42 AM

Keppel Corp [Up to 6% high since Trade Plan revealed]

Chart Source : PoemsView 20 April 2018Keppel Corp 20 apr 2018

Kep Corp trade plan Pic 1

Kep Corp trade plan Pic 2

Kep Corp trade plan Pic 3

Keppel Corp having announced a set of good results last night , broke above its 8.14 horizontal resistance and close positively at 8.21 today.

In fact, a Trade Plan analysis for Keppel Corp was sent to our EXCLUSIVE CLIENTS on 11 April ( See images attached) with an entry price, STOP LOSS and even our personal potential targets. Stop Loss is a Must in our Trading Plan analysis for risk management .

Reasons are stated for the analysis so our clients would be able to learn and see from our perspective.

Since our entry at 7.82-7.83 ,Keppel Corp has moved steadily up to a day high of 8.30 today  , which represents around 6% up from our entry. As such we would start to trail our upside and of course inform our exclusive clients of the next potential upside target with updated analysis. Step by step that’s how we guide our clients through as shown above in the images.

If the positive price action continues ,   next potential upside resistance will be 8.37 with immediate support around 7.94.

Do you want to be guided through your trades like our clients with detail trade analysis delivered Timely to your mobile ?

We will share on our coming Tuesday 24 April Seminar on how we spotted such moves and how to  join our exclusive community where you’ll receive timely whatsapp trade analysis.

Click HERE to register and see you on 24 April

We got a team of top tier remisiers waiting to serve you.

Yours

Humbly

Kelwin&Roy

Keppel Corp – More Upside Possible

8th May, 2017, 11:09 PM

Keppel Corp – More Upside PossibleKC

Keppel Corp has built a small base around the 6.47 area and started moving up. It moved up to its 20 days moving average and got resisted but we feel that there might be more upside possibility if this clears.

Keppel Corp could move up to its 50 days where the downtrend line is also. 6.8 is also the horizontal resistance. So if it reaches there then we’ll see how strong the movement could be and if its possible to break those lines.

Our stop loss could be at 6.46

Yours

Humbly

Kelwin&Roy

 

Keppel Corp – Down To Our Target, Rebound Next?

16th March, 2017, 12:57 AM

Keppel Corp –  Down To Our Target, Rebound Next?Keppel Corp

Keppel Corp has been down for the last two weeks since we were blogged it .It was at $7.22 when we mentioned that it was a little high and needed to pull back. It has now reached our lower uptrend line and looks supported.

We’re hoping for it to have some rebound from here and if it doesn’t it could signal more downside .

Our upside entry would be at current spot price of around 6.65 with a stop loss of 6.53-6.55. Our first upside target might be 6.85

Some factors to take note would be oil prices. Oil has been falling for the last week and if it continues to fall then Keppel Corp might be dragged down.  The next factor would be the interest rate decision but more importantly janet yellen’s tone and speech going forward. The number of times interest rate will hike also will play a role.

So if our support breaks we might be prepared to go the other way.

Yours

Humbly

Kelwin&Roy

Keppel Corp – Oil Down So Is Keppel Corp

9th March, 2017, 11:34 PM

Keppel Corp – Oil Down So Is Keppel CorpKC

Keppel Corp was a stock we blogged exactly a week back mentioning that it was high and needed a break. It hit our upper trend line and started to pull back. It was at around $7.22 when we spotted it and hit a day low of $6.77. A nice downside for a singapore blue chip. We hope our readers managed to benefit from our sharing once again.

So where to now as some of you have asked. The immediate support for Keppel Corp is around 6.76-6.78.It is also around the 20 days moving average.So it’s a double support for us.  If there is further weakness and breaking that support, we could see it hit our lower uptrend line of 6.65-6.70. Oil in the recent days have been taking a beating hence our oil related counters are not spared.

What could happen is that either Keppel Corp goes for a rebound and starts turning down and that’s where we would consider another short entry. Or if it breaks 6.76 then we might consider entry. Remember we’re using Poems CFD to hold our shorts and not naked short

Yours

Humbly

Kelwin&Roy.

Keppel Corp – Getting A Little High

2nd March, 2017, 10:18 PM

Keppel Corp – Getting A Little HighKC

Keppel Corp is a stock that we mentioned in our market outlook article back in January when it was around $6.20. It’s been a month plus and keppel Corp stands at $7.22 today. We feel that it’s reaching resistance for now and a pull back would be healthy.

We have drawn the uptrend channel line which acts as a resistance. A short entry could be around 7.23-7.25 area with  a tight stop loss around 7.28-7.30.

What might happen here could be that it might start pulling back from here or if market is still so bullish it could break out from this uptrend line we drew. We’re hoping for some pullback before we can make a re-entry.

Yours

Humbly

Kelwin&Roy

Market Outlook for New Year 2017 – Oil and Oil stocks

12th January, 2017, 9:56 PM

Market Outlook for New Year 2017  – Oil and Oil stocks

The Market for Year 2016 was a pretty volatile year with lots of bullish surprises, January 2016 many markets started badly with US oil dived into 13- year lows of $26.15 before rallied more than double to $53 at 2016 close, helped by the November Opec agreements to cut oil output since 2008, which also caused many oil and gas related stocks to rally from their lows in 2016.

As 2016 progressed, the 2 potentially black swans events (Brexit and Usa Elections) turn into “white” swans effect instead, with the unexpected Brexit rally and the ”Trump rally “ powering the Dow jones to new highs after Donald Trump unexpectedly got elected .

Will Oil & Oil Stocks rebound continue in 2017?

This will largely depend on 2 main factors; First is Opec members and its allies (e.g  the Russians) need to adhere to the oil supply cut agreement they had in November.  Saudi, the Opec leader seems to be leading by example in implementing the oil production cuts.

Click on the news article by marketwatch dated 5 January 2017 for more details.

Secondly is how the return of the USA shale oil players, given the oil rise for past few months will impact the supply of oil in the market.  If oil can maintain a price range of between $40-$60, this could provide support for the oil stocks.

With that, let’s look at 2 big oil stocks for New Year 2017: Keppel Corp and Sembcorp Marine

Keppel Corp

Keppel Corp rallied about 25% from its Jan 2016 low $4.64 to its 2016 closing price of $5.79.  The Stock is now above its mid-term 50 day moving average and long term 200 day moving average, which may suggest the stock may be on a uptrend having rally from the bottom formed last year.

It is currently slightly below its horizontal resistance of $6.15, with $6.31 as the next strong resistance, which the stock needs to break above to have further upside in the mid-term.

Keppel corp 12 jan 2017

 

Semb Corp Marine

Sembcorp Marine rallied about 13.5% from Its September 2016 low of $1.215 to its 2016 closing price of $1.38. The Stock is above its mid-term 50 day moving average and is now at its long term 200 day moving average of $1.51 which is also its horizontal resistance.

If it can break and maintain above this $1.51 level, this may signal more upside for the stock in the midterm.

Sembcorp Marine 12 jan 2017

 

Ok folks that’s all on Market Outlook for New Year 2017 for now.

If you have any questions on other stocks/ sectors and would like to seek our views, feel free to click “Contact Us” in the blog and we will try to revert back to you as soon as we can.

If you like to receive timely trading ideas via your hand phone from us , simply open a poems trading account with us by filling in the  “Contact Us” section in the blog to contact us for more details .

Yours
Humbly
Kelwin & Roy .

Keppel Corp

28th November, 2016, 1:52 AM
Keppel Corp Nov 2016
Keppel Corp Nov 2016

Over the weekend there was some stir in the oil price as Saudi wanted to leave the talks. Oil took a tumble and one might be expecting our oil counters to fall too. But instead our oil counters held and keppel corp is currently above the 200ma . Opec meeting starts on 30th nov so we’re keeping an eye on that to.

We’re looking for it to clear the horizontal resistance line at 5.50 before considering an entry. Our stop loss would be 5.39.

 

Yours

Humbly

Updates : Sembcorp, Sembmar, Keppel Corp

28th July, 2016, 1:24 PM

Sembcorp ever since our previous post on 24th jul has been coming down and finally close at 2.85 today. We’re hoping it test then 2.8 support then head to 2.6. Still looking bearish for us.

Sembcorp Marine Jul 2016
Sembcorp Marine Jul 2016

Sembmar ( SMM for short) since last friday as it broke the 150 support started to come off and down to 1.435 today. It reported its result this evening (http://www.sembmarine.com/scm2016/wp-content/uploads/2016/07/SCM2Q2016-PressRelease-28July2016-1.pdf) . Results wasn’t fantastic Q2 profits down 90% from the same period a year ago. We’re looking at 1.40 then 1.30 eventually.

Keppel Corp also down from when we posted, though alittle late but better late than never right? On track for 5.20 target

Yours

Humbly