SATS – Should You Chase It Now? What’s The Upside Left?

Kelwin & Roy SATS , ,
27th March, 2023, 9:03 PM

SATS has recently been grabbing the headlines due to their rights and it has also attracted the interest of traders. As the trading of rights were coming to  a close two weeks back, we saw an opportunity for a rebound as the rights overhang starts to fade and the recovery of the stock price starts to come into play. So when SATS was trading around the $2.40 range, with a good support there, we alerted our clients about this potential trade set up.

Fast forward two weeks later and we can see SATS has risen by 10%!  If you missed this trade then the next question is could should I chase this trade or wait? Let’s take a look at the chart and do a quick analysis.

SATS 27th March 2023

From the chart, SATS broke out from its downtrend line with higher volume which is a healthy sign. But it was unable to break above its $2.64 resistance and hence might need some time to overcome this. Once this level is taken out then we might see SATS moving up towards the $2.72 then $2.80 upside resistance. Now that the rights issue is out of the way, a general recovery could come into play.

Yes, you might be a little later in the trade but if you want to get in earlier, then ensure that you’re our client to receive such alerts as soon as possible to make that difference!

Just Contact Us Straight Over HERE to learn how you can be receiving such alerts!

Yours

Humbly

Kelwin & Roy

 

 

 

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The Week Ahead March 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Stock Market , , , , , ,
26th March, 2023, 9:47 PM

The Fed has risen interest rates by 0.25% and further mention that one more rate hike for the year is on the cards and probably no rate cute. With that market volatility set in but as the week came to a close, markets started settling down. Now with fed decision out of the way. What will market be looking forward to and how will the market perform for the week?

Traders will be hoping for some form of stability to return to markets roiled by bank failures in the coming week as they weigh the ongoing fallout from the forced UBS-Credit Suisse tie-up. Upcoming Core PCE Date which is the Fed preferred data could bring some volatility towards the end of the week.

China’s PMI data on Friday will be closely watched as market watchers try to gauge the strength of the recovery in the world’s second largest economy in the wake of the lifting of pandemic restrictions.

Now let’s take a look on the technical front for the various markets.

Nasdaq 100

Nasdaq 100 considered strong as its above the 200ema and what’s interesting is that the 50ema is looking to cross the 200ema. A bullish sign if this happens! Nasdaq remains stronger as traders switch from banking stocks to tech stock and pile in on tech stocks as the 10 year fell. Also, traders look to move in on the recent hot theme on artificial intelligence.  For the week ahead, the key resistance that Nasdaq has to take out would be around 12913. Market has tested that area recently but haven’t been able to break it. As April draws near, a seasonally better month we could see market gathering pace if this banking crisis don’t fallout further. Looking for a bullish break through for the week.

A break below 12373 would be a short term bearish signal for the Nasdaq100.

S&P500

S&P500 slightly weaker as it consist of banking stocks in the index which is dragging the index down. Currently at some congestion which is the horizontal line, downtrend line and the moving average. A break above the 4000 psychological could see S&P500 move higher to the 4100 level. We remain bullish for this week as market tries to stabilize and absorb the bad news around. Support at 3919 and  a break below that might signal more downside to 3811.

HSI

Something interest that we are seeing on the HSI is that its up 3 days in  a row, a rare sight for the last few months. Gaining some momentum on the upside BUT currently facing a few resistance as drawn from the above. A good break above 20,120 could see the HSI push up to 20700 if not we could see HSI consolidate for awhile. Optimistic about a break above this resistance! Support at 19733.

STI

STI which is almost 40% made up of our three local banks largely takes direction from the movement from the banks. Despite the banking crisis we do see our banks hold up pretty well. As our banks are on the safer side, investors are still confident in our banks. For this week, with an increase in interest rates, we might still see a move up after it cross 3225. A move towards 3262 is possible for this week as market tries to find its footing.

If you got any questions as always feel free to drop us a message.

Yours

Humbly

Kelwin & Roy

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The Week Ahead March 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , , ,
12th March, 2023, 10:54 PM

It was a disappointing week with Fed’s powell coming up with a hawkish tone that interest rate might continue to go up higher and longer. That sent the markets diving and to add salt to the wound, silicon valley bank (SVB) collapsed over a few days and many are concern over the ripple effect that it might have. Crypto bank silvergate also announced liquidation which added to the chaos. Overall, it has been a tough week ever since Fed’s statement.

Core CPI data another important data which market will be looking closely at to see if Fed will really raise interest rates by 0.5% in the next meeting. Expectations are rising for a 0.5% rise as inflation data is starting to point on an upside.

The Greed and Fear index is returning to extreme fear and we could see a rebound coming soon but with the rebound it will probably attractive shortist and people who needs to cut loss, hence any rebound will be met with resistance.

STI

STI continues to trend down as banks lead the downfall. As Fed continues to pressure the markets and with the fallout of SVB, our local banks also took a hit. We might see STI fall to the next support level of 3150 before planning our next move. Currently the downtrend line is also acting as a resistance. Waiting for a base to be formed first.

HSI

We can’t get the chart for the HSI out but after Fed’s meeting last week, we do see HSI following US with the selloff and with negative sentiments around we could still see HSI selling off a little more. Once again the sentiments has shifted and until we know how bad the fallout for the SVB is and how the CPI data next week is, any rebound will be met with short sellers. We did have some long positions when HSI pulled back and are we going to sell these? No! But we’re not adding more as yet till we see markets stablize a little more. No hurry for now.

As market is in a turmoil, head over to our Facebook for more updates on the US markets.

Stay safe and its the school holidays this week!

Yours

Humbly

Kelwin & Roy

 

 

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The Week Ahead March 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Stock Market , ,
5th March, 2023, 2:58 PM

As per last week’s update, we mentioned that markets were due for a rebound after coming down so much. The S&P500 touched the 200ma and the 38% Fibo retracement level which gave support for a rebound! What to look out for this week? Fed Chair testifies this week, once again market will look to what he has to say and if there is a chance of less aggressive interest rate hike and less hawkish statements. This could then give rise to another leg up.

Another to note, towards the end of the week, the usual NFP and IJC will also take spotlight as to how inflation might be.

And lastly, China’s “Two Sessions” is an annual parliamentary meeting that gathers delegates from across China to discuss and approve national priorities. China is also set to release its annual targets for GDP growth, inflation and employment. The meeting could last about 2 weeks. What’s interesting is that China tends to gain after the NPC meeting. Are you positioned for that?

 

HSI

 

HSI came to our near term support and bounced off and even broke through the downtrend line which has been resisting it. Volume came in as short sellers looked to cover while long traders took the chance to build their positions. As we been advocating, take the downside for the HSI to add in your long term positions. With this break, we might see the index trend higher in the coming weeks. The hang seng index could still do a re-test of the lower band of 20,110 and then start to move up towards 21,353. Hope you have added some long term positions! Baidu, Tencent is leading the charge!

Watch out for the NPC meeting that is currently taking place too. It could give clues to which sector to be focusing on.

STI

STI was the only index that didn’t rebound, but we could be looking at some rebound this week as banks are also nearing their support. The immediate support for STI is at 3220 then 3181. We’re looking more for a rebound rather than shorting now. As banks make a big part of the STI, a move upwards could see it pull the STI up.

Its a big week ahead and things are looking up! Head over to our Facebook to read up more on the S&P500 and Nasdaq100. You don’t want to miss this.

Yours

Humbly

Kelwin & Roy

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The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Stock Market , ,
26th February, 2023, 9:34 PM

As expected, we continue to see selling across global markets BUT with this pullback, its giving rise to some opportunity to enter the market.

Inflation data last week started to creep up and it spooked the markets with some selling. Some data coming out this week like initial jobless claim and Fed’s Waller will be speaking. Though not a very key speaker, but market will be listening in to see what the Fed’s stand is in the coming months. As market has seen selling for the past few weeks, we might see some rebounding coming in this week.

HSI

HSI has corrected about 12% since the high in Jan. A correction can be anywhere from 10-20% so don’t be surprised if we see further downside. BUT with such downside comes an opportunity to get back into the HK market especially investors missed out on the huge run in since Nov. The Spy balloon was the first cause that started this correction but at the same time could be a distraction The HSI might see a little more downside to around 19500 level before we see a rebound. This might not represent the bottom as yet and we’ll have to wait and see for it to be tested to ensure that’s the bottom. A rebound could take us back to 20k mark.  Eyeing Baidu, Tencent, Alibaba and a few others during this pullback.

STI

STI also came off to the level we anticipated with 3270 being a critical support. The main reason is that the banks have been experiencing selling after their results causing our STI to move down. We might see some rebound in the coming week but a better place to scale in might be at around 3220. There is a gap support over there and if it really doesn’t hold then 3180 could be the lower level we should see. Don’t miss this opportunity.

To know more about the levels to look out for in the S&P500 and Nasdaq100 do head over to our facebook for more details.

Yours

Humbly

Kelwin & Roy

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The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , , ,
19th February, 2023, 8:00 AM

Markets played out towards our downside bias view as concerns about China’s spy balloon, inflation numbers all led to market coming off for the week. Adding to the pressure, the 10 year treasury yield is starting to bounce up.

If the 10 year breaks out of the 3.9% we might see markets, especially the Nasdaq pulling back even more. Overall, we might continue to see markets pulling back more in the coming week. So head over to our Facebook to know more about the levels.

STI

Straits Times Index 18th Feb 2023

STI has also come down to our expected support level at 3271 which we mentioned last week. Ever since hitting that, we saw some bounce but this bounce could be short lived to around 3336 before we see if come back down. Banks continue to lead the direction as we saw DBS leading the initial gains before profit taking set in after its results. UOB, OCBC will be reporting their results this week on 23rd and 24th Feb respectively. We could see another sell down as traders who bought before results might sell after results are released .

HSI

Hang Seng Index 18th Feb 2023

HSI also saw a pullback which we are excited about as this gives us an opportunity to continue to build our position in the Hang Seng. The HSI has pull backed about 8% from its high and we have gone in one batch for our investors. HSI might continue to pullback to close to 20K level which will present any opportunity. The Downtrend resistance line is currently blocking the index from moving higher and once we get a break of that, then we might see the uptrend resuming. Tencent which has been leading the charge for the index has for the first time see it close below the 20ema! This could signal more downside for the markets!

Do head to our Faceboook page https://bit.ly/singaporehumblestockweekahead13feb23 to get more updates on the S&P500 and Nasdaq100.

Yours

Humbly

Kelwin& Roy

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The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , , ,
12th February, 2023, 6:47 PM

Fed made their statement last week and market had an initial reaction to the upside then started to retrace. The S&P500 also couldn’t break our 4200 and the greed and fear index was at extreme greed retracing slightly to the greed level. With the resistance hit, don’t forget to check out our facebook page to know more about our view with regards to the S&P500 and Nasdaq 100.

In addition, China’s weather balloon is causing some stir between the two world power. After shooting down the supposedly weather balloon, US has moved on to blacklist six entities linked to the weather balloon incident. How will this play out? As more information is gathered and if US continues to investigate this incident, more could be uncovered and if negative actions were to come, markets could have a  knee jerk reaction. Its important to see what further action US might take and will this be the end of the search. BUT any pullback to a good support level would be a good chance to continue to scale into the market.

Lastly, AI or artificial intelligent is causing a lot of hype in the market and the shares which we shared during our market outlook are seeing a good movement up. Will be sharing more stocks that we can look at with regards to this big theme! Look out for it!

STI

Straits Times Index 12th Feb 2023

STI has pushed lower to our 3336 target before having some rebound. For this week, STI will follow closely to the three major banks results with DBS kick starting tomorrow before market opens. With the results, that could set the tone for the STI to follow and we would watch it first before making any moves. Significant support at 3271. Upside resistance at 3392.

HSI

HSI also facing a pullback after its uptrend support and the next support would be around 20624. Would take the chance to scale in for the longer run as this pullback does present a good opportunity for those who missed out on the massive rally. HSI at 20k would be another area to consider scaling in. China/HK would also be looking to how US continue to respond in the latest weather balloon shooting. So keeping a close eye on that.

Do head to our Faceboook page https://bit.ly/singaporehumblestockweekahead13feb23 to get more updates on the S&P500 and Nasdaq100.

Yours

Humbly

Kelwin& Roy

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BYD Electric (0285.HK) – Be Cautious Ahead, Tipping Point

Kelwin & Roy BYD electric ,
8th February, 2023, 9:06 PM

BYD Electric (0285.HK) – Be Cautious Ahead, Tipping Point BYD Electric 8th Feb 2023

Poemsview: 8th Feb 2023

BYD electric (285.hK) listed on the Hong Kong stock exchange as we can see from the chart looks like its tipping over. It is currently at the 20ema, uptrend support and horizontal support level. A break of these confluence of support might see some selling in this counter. Our first downside target is $HKD24.65.

It was reached a mini double top and failed to break it which might suggest more downside to come. Furthermore if the HSI remains weak, we might really see this pullback. The upside resistance is at 28.98, breaking above this might resume its uptrend.

Yours

Humbly

Kelwin & Roy

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The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Stock Market , , , ,
5th February, 2023, 4:06 PM

As we say goodbye to Jan 2023, is this year turning out to be more promising than last year? Stocks have had a stellar start to 2023 and S&P500 is up 6.2% A solid Jan could be a good sign for the market and potentially foreshadow a continued uptick in the months that follow. Of the five instance in which the S&P gained more than 5% in Jan after a negative year, the benchmark index rose 30% for the year on average according to Carson Group’s Ryan Detrick.

 

So are you bullish or bearish this year? and just sharing a slide from our webinar just last week on what happens after a negative.

So with that combined, we’re quietly bullish for this year and with pullback presenting opportunities if you missed out on the recent rally.

For this week, markets will be looking to Fed’s chairman Powell speech and with the blowout jobs report on Friday, this could put a dampen on whether Fed will pivot sooner rather later. Also, watch how the market reacts! IF Powell remains hawkish with a tough stance on interest rates and market still rallies, then this might signal that market has looked past all these interest rate narrative.

China-US tension is also rising with the Air Balloon being shot down over the weekend. Watch for more development as any retaliation on both side might cause a temp knee jerk reaction.

STI

STI was consolidating for the week after reaching our resistance. As negative sentiment might flow from US closing plus Fed’s upcoming statement we might see STI opening lower and pushing down lower for the week. Immediate support at 3372 then 3336 then 3302. Quite a few blue chips in the STI has moved up so pullback now is expected.

HSI

HSI seeing some pullback for the week as we all hoped for! It has come down to our first level of support which is that uptrend line and the 20ema. It present an opportunity for a small entry especially for those who missed out on the recent sharp rally. A further pullback to 20624 would present an even better entry so don’t miss out!  Big tech stocks are also on the radar, Baidu, Tencent, Alibaba are just a few to name.

S&P500 has reached very close to 4200 and seeing some pullback. Head over to our Feacbook page to check out our updates on the S&P500 and Nasdaq.

Yours

Humbly

Kelwin& Roy

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The Week Ahead Jan 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , , ,
29th January, 2023, 8:00 PM

Yup! Its that time of the week! Fed will be meeting once again to decide rate hike and markets are generally expecting Fed to hike 0.25% for this round. What’s more important is to see Fed’s statement and if they will stop rate hike sooner than expected OR have a total demand destruction. It might get a little tricky from here as China opening up might cause some inflation pressure which in turn might have Fed increasing rates longer than expected. BUT so long as you are clear of your investing/ trading style, you should be able to navigate through this fine. For long term as always, dollar cost average at key support and after key events. For traders, be discipline and not trade through MAJOR EVENTs like this. S&P500 has come close to our upside resistance of 4100 and as trader with such an upcoming event, we would advise to take some profits off the table. DON’T BE A HERO! SAVE YOUR AMMO and live to fight another day.

BIG Tech companies will also be reporting next week. Meta, Apple, Amazon, Alphabet are all reporting next week.

STI

We didn’t update last week as we were celebrating Chinese New Year and took the chance to have an extended break with the family. We did have an interview with Zao Bao and shared the upside target for STI for the week at around 3386. It has since then hit our target and currently at the resistance. On target for our 3450 mark BUT do take note of the upcoming Fed meeting, always good to take some profits off the table first.

HSI

Everyone’s getting excited about China/HSI as we read about more and more brokerages upgrading HK! It has been a crazy ride ever since China reopen and for the month of Jan we have only seen 4 red days for HK! When the beast awakes, BEWARE! It looks like HSI might be testing 23400 and like most, we’re hoping for a pullback so more can join in the ride. For long term investors, scaling in a small batch at current price could also be one strategy and then wait for the pullback before making another move.

As we go into a crucial week, you don’t want to miss our take on S&P500 and Nasdaq 100.

So head over to our Facbook page for a read

Yours

Humbly

Kelwin& Roy

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