PropNex – [ Explosive Move Up Today, What Does The Chart Say Now?]

15th July, 2021, 7:43 PM

PropNex – [ Explosive Move Up Today, What Does The Chart Say Now?]

Chart Source: Poemsview 15th July 2021

Another stock that had a spectacular run today was Propnex up 10% since yesterday’s close. From our previous post, profit taking did come in as mentioned before it staged a rebound. In total, we saw PropNex up 26% since our alert just 10 days ago! 🤑🤑 Its a very nice move up if you ask us! 🤩

Lets take a look at the chart and see where is it at now. It has hit our targets and have updated with new targets to our clients. The upper channel resistance does looks like a challenge and profit taking might come in if it can’t break that resistance. We’re looking at $2.30 next and would see if momentum holds before deciding on our next potential target. What a week it has been! A nice pullback to the middle channel or around the 5ema might present some short term opportunity.

What a week  it has been and we hope that the week has been good for you!

If you need extra help in your trading, you know who to look for! We’re just one message away!

Want to be alerted earlier and not miss out on our next trade alert? Be our EXCLUSIVE CLIENT  and find out how you can be included in our next alert. Or simply click the whatsapp logo at the bottom of the page to drop us a message.

Yours

Humbly

Kelwin&Roy

 

PropNex – [ All Time High, How Much Higher? ]

7th July, 2021, 5:13 PM

PropNex – [ All Time High, How Much Higher? ]

PropNex 7th july 2021

Chart Source: Poemsview 7th July 2021

Most of us should be familiar with this name PropNex, being Singapore’s largest homegrown real estate agency. And we would be no stranger to hearing or seeing its CEO Mohamed Ismail giving several interviews on radio or tv. As Singapore property market has been on an uptrend, one of the beneficiaries would be the real estate companies. Hence when Propnex broke out of its consolidation on Monday,  we alerted our EXCLUSIVE CLIENT on this breakout at $1.69! 🤑🤑

We have seen PropNex risen 10% 🚀🚀over the last two days since our entry and from the chart we can see its hitting some resistance. Our long term target could even be $2-2.03 towards that upper band of the uptrend resistance.

It is currently at an all time high so do expect some profit taking to come in soon. Part of this run could be due MAS mentioning that the property market is not “overheated” Quoting : “No, we do not think the market is overheated right now, because if it is overheated, then we have not done our job well,” MAS managing director Ravi Menon said in response to a question at a press conference on the MAS Annual Report yesterday.

Want to be alerted earlier and not miss out on our next trade alert? Be our EXCLUSIVE CLIENT  and find out how you can be included in our next alert. Or simply click the whatsapp logo at the bottom of the page to drop us a message.

Yours

Humbly

Kelwin&Roy