KSH a well established construction and property development has seen some increased in volume in the morning. Its close to mid day and the volume looks rather healthy. Hence it has caught our attention.
The resistance for KSH is at 0.93 and a break above that might see it move towards our two potential resistance at 0.955 then 0.975. A good breakout would be for it to hold above 0.93.
Our stop loss would be at 0.885.
Yours
Humbly
Kelwin&Roy
Capitaland a property stock has been testing the short term downtrend that we drew a few times and can’t seem to break out from it yet.
If it fails to break we might see it head down towards 3.45 and if that horizontal support breaks then we might eventually see 3.39.
If it breaks above the downtrend line then Capitaland might face a few hurdle to cross . One of which is the 50 days moving average and the other uptrend line we drew. So a stop loss above 3.58 can be placed.
Yours
Humbly
Kelwin&Roy
Hi-P a tech related stock tried to rebound after hitting the 50 days moving average support. It rebound and couldn’t close above the previous support which turned to a resistance now. It closed at 0.905 just at the resistance.
We’ll be looking for a short as long as Hi-P stays below 0.905 with a cut loss of 0.965 and with a possible downside target of 0.845 then 0.795. We’ll ensure that there is enough liquidity first.
We’ll be using poems CFD and not doing naked short.
Yours
Humbly
Kelwin&Roy
We’ll like to thank those who made time to come down for our workshop and we hoped that you all took home some valuable lessons.
We’ll be organizing another one soon so do stay tune in case you missed the first one.
Some have been asking us why there was no updates recently and that is because we’re working hard on our upcoming market outlook and sharing engagement for our clients this coming thursday.
Focusing our attention on that for now.
Our local market will be closed on Monday ( 26th June) .
We like to take this time to wish our Muslim friends Selamat Hari Raya Aidilfitri. Have a restful Monday.
Yours
Humbly
Kelwin&Roy
Hi Friends,
Do you feel exasperated, confused or experience difficulty in trading stocks with the recent swings in markets?
Are you struggling to navigate this market alone with no guidance from anyone ?
Would you like to receive FREE education? And receive timely market updates and stock analysis from remisiers you can rely on ?
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Yours
Humbly
Kelwin&Roy
Food Empire was a stock that we were analyzing on 31st May and mentioning that some down side were would good. It broke below our horizontal support of 0.725 and went to our target of 0.67. That’s close to a 7% drop. Using Poems Cfd to short would enable shortist to hold their position for more than a day. Taking some profit would be wise too.
Food Empire saw some rebound after hitting our support line and we might see some rebound maybe to 0.7 area. We will be watching now to see if 0.67 support holds and if that doesn’t then we might see more downside to 0.64. We’ll watch and see.
We’ll be holding a workshop very soon to share with all our readers very simple trend lines that we use which we post on our blog. Do stay tune.
Yours Humbly
Kelwin&Roy
Alliance Mineral a lithium related stock and a stock that we been covering since Jan is seeing some interest today. It has seen an increased in volume today which is something to watch for.
Alliance Mineral is currently resisted by the downtrend line and we’re looking to see if it can break above that. If it can stay above 0.365 we might see more upside. Our stop loss would be around 0.31.
Note that Alliance Mineral is placed under the trading restriction of poems do trade with caution. Always be alert and ensure that whenever one trades he/she buys at comfortable level and have the ability to pay up in case anything happens.
Do contact us if you want to know more about trading restriction and how to have a safe trade plan.
Yours
Humbly
Kelwin&Roy
Wheelock Properties has reached our first resistance of 1.935 since we blogged on it last Tuesday . It broke its resistance of 1.895 and move up to 1.935. We would take some profit at 1.935 and hold some to see if it can break 1.935 to test 1.98.
Trading plan is important as we have talked about many times in our post. Using simple support resistance and support lines helps to guide our profit taking and stop loss.
Do contact us if you want to know more about having a trade plan and using trend lines to help sharpen your trading.
Yours
Humbly
Kelwin&Roy
Wing Tai was a property related stock which we brought to your attention just on Tuesday along side with Wheelock during our post. It had a nice run up of about 3.5% today which is very decent.
Whats the reason for that? Could it be the disposal of Winnanmax Investment to Xu Chang Co which was out on Tuesday?
Or could it be rumors of privatisation?? Either way lets look at the chart and play accordingly.
On Tuesday we mentioned to turn your attention to Wing Tai too as rumors could be going around for it to be privatize. The horizontal resistance of 1.945 was then broken on that day which was an entry point. It wasn’t the best closing on Tuesday but on Wednesday it did show some signs of recovery which eventually led to the nice movement today. Our next target might be 2.08.
If you were unsure of how to enter Wing Tai do CONTACT US and we’ll be happy to guide you along.
Yours
Humbly
Kelwin&Roy
Wilmar a STI Index stock was a stock we posted back on 29th May on our blog. Slow and Steady the way we like it and down she goes very near to our target of 3.48 now. A nice drop in two weeks. We have shown how we managed a trade and with our target in sight this is when we might consider taking some profit off the table .
Wilmar has also broken the 200ma which is a technically a bad sign and more downside might come. But we will stay vigilant and cover all the shorts if we spot some rebound coming. This can only be judged during the trading day and if you want to know more just contact us here
Yours
Humbly
Kelwin&Roy
