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

3rd October, 2021, 10:39 PM

We will be doing new series called The Week Ahead where we’ll share a weekly update on S&P500, Nasdaq , Hang Seng Index (Hongkong) and Straits Times Index ( Singapore) on our facebook and blog. We’ll recap what has happened to the markets , key events to look for during the week and  finally  some technical points to look out for in the coming weeks

Recap for STI & HSI 

For our local market, our sentiments continue to remain weak as it is affected by regional markets like HSI and of course USA. With inflation fears and rising 10 years treasury rates, this has continue to affect the sentiments over here. In addition, covid cases are rising in Singapore which adds another damper to our trading climate.

As for the HSI,  worries about the fallout of  Evergrande continues to spook the market affecting Furthermore regulatory concerns over the big tech players like Alibaba, Tencent and Meituan continues to weigh on the markets. But there has been surprising strength in the underlying market as every time when HSI opens lower it manages to have a good closing. Selling pressure seems to be meeting with more buying.

Key Events to Watch For 

A good news that came out where Merck said its new Covid pill reduces the risk of hospitalization, death by half for some patients. This could help lift sentiments especially for recovery stocks like SATS and SIA. Market will still be looking at the 10 year treasury yield for signs of inflation and interest rates.

Technical Levels to Watch For

Image source: AdvisorXs

For STI, it is still a range bound of around 3024 as the support (lower range) and 3112 resistance (upper range) . It is below the 20 and 50ema and the 20ema is below the 50ema which is a bearish sign. So STI has to hold the support of 3024 if not we might see a further downside to even 2928. There is also a short term downtrend line for it to overcome if we want to see any upside movement. A clearer sign would be for STI to break above 3112.

 

For HSI, technically still weak as it is below its 20 and 50ema. support at around 23672 and if that can’t hold then we might see it move lower to 23163 or even 22382. Interestingly HSI has been holding up well despite the pullback that is happening over in the USA and evergrande’s bearish sentiments. If the index manages to hold and break above the 25k resistance, we might see some rebound in the coming week which could take it up to around 25757.

To know more about the outlook for S&P and Nasdaq, just CLICK HERE! 

Have a good week ahead! Drop us a message if you want to discuss further!

Yours

Humbly

Kelwin&Roy

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Raffles Medical – [ Increase Testing for PCR Swab Due To Increase Cases And What It Means For The Stock Price?]

30th September, 2021, 7:03 PM

Raffles Medical – [ Increase Testing for PCR Swab Due To Increase Cases And What It Means For The Stock Price?]

Image source: Rafflesmedicalgroup.com

Its been a tough and rough few weeks for many as not only did the markets were choppy, Singapore saw its record number of covid cases surpassing the 2000 mark. But Raffles Medical bucked the overall trend and continued its move up.  The increase in testing benefits the group and also the spillover of patient from the public hospitals as hospitals are coming under pressure. At the same time, as air travel increase, Raffles Medical stand to benefit from its PCR test from incoming passengers. Brokerage houses are also increasing its target price for this counter.

Raffles Medical 30th Sept 2021

On the back of strong demand, this has led to an increase in the stock price. We have first observed a break of the downtrend line which we drew and follow up to alert our EXCLUSIVE CLIENTS. In just a week’s time  we have seen it hit our first target of $1.46 and it closed right at our resistance point. If it manages to break and stay above $1.46 we might see our next target of $1.51.

If you’re interested in receiving these alerts to your phone do drop us a message and we’ll let you know how to join us!

Want to be alerted of such potential entry?

Be our EXCLUSIVE CLIENT and find out how to be included in our growing community.

Yours

Humbly

Kelwin&Roy

 

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Fair Isaac Corporation (FICO) – [ Technical Outlook, What To Look Out For]

29th September, 2021, 7:56 PM

Fair Isaac Corporation (FICO) – [ Technical Outlook, What To Look Out For]FICO 29th Sept 2021

Fico (NYSE: FICO) is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction.

FICO’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. The company provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption — such as the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health.

It is like an octopus with tentacles wrapped around the lending/credit market in US.

Its recent CORRECTION has caught our attention and it might be about time to take a look at it.

Technical Outlook

FICO 29th Sept 2021

Chart source: Poems2.0

FICO has corrected 25% since its high and it is currently at a horizontal support of around $404. If it manages to stay above that and break that short term downtrend line we might see some rebound coming in. A nice rebound could see it move up to $430 and even $473. This will probably take some time and using poems CFD is a more preferable way to trade it. An investor might also consider picking up some at this $404 level and slowly scale in if it drops further with two more supports being around $381 then $372.

Keeping a look out for FICO!

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Nike (NKE) – [ Technical Outlook, Bouncing Off The Gap Support]

23rd September, 2021, 4:32 PM

INike (NKE) – [ Technical Outlook, Bouncing Off The Gap Support]

Image source: Nike.com

Nike 23rd Sept 2021

Chart Source: Tradingview.com

Nike a well known and familiar brand to all has seen its share price pullback over the couple of weeks.

The retracement is about 10% which is a healthy pullback to us. It has bounced off the gap support of around $152.40 and moved up to the $157 horizontal resistance line. Staying above this resistance might see it move towards $160 level which is the 50ema. A further break of that might see it move towards $166.

The support is $152 then $147.

What would your trade plan for Nike be?

Yours

Humbly

Kelwin&Roy

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Olam – [ Two Hits In Two Months, Looking Good? ]

22nd September, 2021, 10:48 PM

Olam – [ Two Hits In Two Months,Looking Good? ]

One of the rare few blue chip counters that is up today and we’re glad we managed to catch it. In fact we caught Olam a couple of times in the last few months as there was more activity in this counter. From the chart, it has reversed from its short term downtrend and closed above its 20ema. Volume has increased and its a bullish candle which is positive to us.

Olam 22nd Sept 2021

The current resistance is around $1.71 and breaking that might see more upside to $1.80.

If you’re interested in receiving these alerts to your phone do drop us a message and we’ll let you know how to join us!

Want to be alerted of such potential entry?

Be our EXCLUSIVE CLIENT and find out how to be included in our growing community.

Yours

Humbly

Kelwin&Roy

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ISDN -[ Did It Close Well Today? And Why We’re Not Too Concerned? ]

7th September, 2021, 7:46 PM

ISDN -[ Did It Close Well Today? And Why We’re Not Too Concerned? ]isdn 7th Sept 2021

Chart Source: AdvisorXs 7th Sept 2021

ISDN started its move yesterday with a nice long green bar and closing just slightly below the 20ema. Today it went above it and surpass our second target of $0.68. 

But as it rose all the way up to $0.69 we saw profit taking coming in and closed with a rejection tail. Well is it a bad candle? If u just look at the candle itself then ya it looks ugly. But on a bigger time frame, it is actually above the 20ema and the good thing is that our alert to our EXCLUSIVE CLIENTS was at $0.645 so we do have some margin of safety too!

One of the key in trading is ensure that you have some buffer of safety in case prices go against you in a trade. The current  $0.69 area is also the 50ema which is currently acting as a resistance. Breaking above this we might see our third target of $0.71 being hit!

So if you don’t want to be chasing the breakouts and would like to receive trade alerts to your handphone. Simply drop us a message and learn how you can be included in our list.

Yours

Humbly

Kelwin&Roy

 

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IFast – [Stellar Record! Another Hit, Moving To All Time High? ]🚀🚀

3rd September, 2021, 5:03 PM

IFast – [Stellar Record! Another Hit, Moving To All Time High? ]🚀🚀

Chart Source: AdvisorXs 3rd Sept 2021

We had a stellar record for IFast  with over five alerts over the last 8 months and each one hitting their targets. And our 6th alert was just on Wednesday when IFast was  trading at $8.49! 

It has gone up 🚀 about 4% in just 2 days which we’re satisfied with. Our next possible target is $8.98 as per message which is around the gap resistance. Ifast is one of the fastest growing stock on SGX and has moved up over 200% since the start of Jan this year. Its asset under administration is growing steadily it continues  to deliver stellar results over time. We’re glad we managed to catch this ride and below is just some of our alerts.

Take a look at our past alerts.

http://singaporehumblestock.com/ifast-covering-gap-were-you-fast-enough

http://singaporehumblestock.com/ifast-hitting-our-target-nice-end-to-q1

http://singaporehumblestock.com/ifast-positive-finish-to-end-the-week/

http://singaporehumblestock.com/ifast-a-fast-7-move-up-after-yesterdays-alert-where-to-now/

If you’re interested in receiving these alerts to your phone do drop us a message and we’ll let you know how to join us!

Want to be alerted of such potential entry?

Be our EXCLUSIVE CLIENT and find out how to be included in our growing community.

Yours

Humbly

Kelwin&Roy

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Sarine Tech – [ Starting Out Right, Uptrend Continues? ]

1st September, 2021, 3:12 PM

Sarine Tech – [ Starting Out Right, Uptrend Continues? ]

Sarine Tech 1st Sept 2021

Chart Source: AdvisorXs 1st Sept 2021

September started out well with Sarine Tech bursting up 5% in early trade! Our first trade alert for the month and we’re glad it was well! As of writing, Sarine is showing some signs of profit taking at our first resistance as it probably has gone up with quite a ferocious speed in the morning.

For now $0.76 is our resistance and a break above that might see our second target of $0.795 within reach. Sarine was a re-entry for us as it was alerted back in August thus it should be in good upside now.

Want to be alerted of such potential entry?

Be our EXCLUSIVE CLIENT and find out how to be included in our growing community.

Yours

Humbly

Kelwin&Roy

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AEM – [ Aiming To Break Previous High? Riding On The Good News]

31st August, 2021, 7:41 PM

AEM – [ Aiming To Break Previous High? Riding On The Good News]AEM 31st Aug 2021

Chart source: AdvisorXs 31st Aug 2021

Just a week ago we spotted AEM having some movement as it managed to cross its 20ema at $4. It started to slowly make its way up and as Nasdaq continue to make new high and some positive sentiments flowed over to our electronic stocks. But what probably led the charge was the news released during lunch time when AEM was chosen by Major memory IDM company for its system level test (SLT) provider. Good thing was that we didn’t need to chase after the stock as we were well positioned for any potential move!

That gave a good boost to AEM  helping it hit our second target of $4.16. Volume came in and we might see our third target of $4.22 hitting in the coming trading days. Some profit taking might come in soon too.

Its the end of Aug and its been quite a month as we celebrated Singapore’s birthday and also a new milestone as we shared over 15 trade alerts this month to our EXCLUSIVE CLIENTS!

Want to be alerted of such potential entry?

Be our EXCLUSIVE CLIENT and find out how to be included in our growing community.

Yours

Humbly

Kelwin&Roy

 

 

 

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Straits Times Index – [The Road Ahead]

30th August, 2021, 7:00 AM

Straits Times Index – [The Road Ahead]Straits Times Index 30th Aug 2021

Chart Source: AdvisorXs 30th Aug 2021

Familiar with the NDP theme song the road ahead by now?  Such a hit and very relatable as Sinagporeans navigate through the road ahead with courage and determination.

So what’s the road ahead like for our Straits Times Index? Is is choppy? Or is it a smooth ride ahead?  Well, lets take a look at the chart to get some idea. From a technical analysis perspective, STI is currently sitting on its horizontal support of around 3080 level. This coincides with the support of around March but if this support doesn’t hold we might see a further leg down to 3050 and if weakness persist, 3020 is the area of the previous gap cover. 3020 would be a key support for us but we’re hoping it doesn’t go there.  For the upside, STI has to break our downtrend line first as a first sign of strength and also the 5ema of around 3100. That would signal strength and as Fed gets the market ready for its bond tapering this year, we are keeping track to see how other market reacts as the sentiments will flow over to Asia. Some upside resistance might be around 3120 then 3160 and 3200.

The road ahead might not be easy but with an extra pair of eyes, the journey need not be so arduous.

Want a pair of remisiers to help guide and guard against pitfalls? Or even receiving timely trading alerts on potential stocks?

Drop us a message to see how you can be included in our growing trading community.

Yours

Humbly

Kelwin&Roy

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