City Dev

Capitaland – [ Landing On Our First Target, More Downside With Results Around the Corner? ]

Kelwin & Roy Capitaland , , , , , , , , , , , ,
3rd August, 2020, 6:40 PM

Capitaland – [ Landing On Our First Target, More Downside With Results Around the Corner? ]Capitaland 3rd Aug 2020

 

Chart Source: Poemsview 3rd Aug 2020

Capitaland together with the other big property counters like UOL and CityDev like we mentioned this morning took a dive today and closed down to near day low.

Property counters and bank counters being part of the STI component, were mainly beaten down bringing the STI down today. Capitaland actually broke its horizontal support back last week of $2.80 and did not have enough strength to regain its footing. We saw weakness when it broke its horizontal and hence alerted our CFD clients for short last week.

We’re glad that Capitaland went according to plan and hit our downside target of $2.70 a nice 3% downside in less than a week.  $2.70 might provide some support as its a round number support and also a horizontal support. Failing to hold this we might see our second target of $2.63. Continue watching it!

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Kelwin&Roy

City Dev – [ A Bearish Trend Developing? ]

Kelwin & Roy City Dev , , , , , , , , , , , , ,
3rd August, 2020, 8:03 AM

 City Dev – [ A Bearish Trend Developing? ]City Dev 3rd Aug 2020

Chart Source: Poemsview 3rd Aug 2020

City Dev along with the other big property stocks like capitaland and UOL doesn’t seem to be performing well in the past week. It hasn’t been able to break that downtrend line and is currently resting on the horizontal support line.

With the current Covid situation, property developers might take a hit on all fronts with business slowing down in most sectors. City dev has development in many areas like residential properties, commercial, hotels which could take a hard hit during this Covid period.

If City dev breaks that horizontal support then we might see it move down to the next good support at around $7.65. The resistance would be at the downtrend line and a break above that might signal a good rebound.

Lets watch! We’re looking at more weakness first.

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Yours

Humbly

Kelwin&roy

 

City Dev – [ Developing A Bearish Trend? ]

Kelwin & Roy City Dev , , , , , , , , , , , , ,
24th May, 2020, 7:27 PM

City Dev – [ Developing A Bearish Trend? ] City Dev 24th May 2020

Chart Source: Poemsview 24th May 2020

City Dev part of the STI component and a leading global real estate property developer. It saw some heavy selling last friday due to the unrest in Hong kong.

Now is City Dev in bearish terrority? From the technical charts we can see that it is below the 200ema. A stock that is below this long term indicator is considered bearish from a chartist point of view. With that and also breaking the short term uptrend line we drew we ALERTED our CFD Clients on a potential short.

CFD Clients were alerted on 13 May when City Dev broke the uptrend line and also below its 20ema. City dev continue to slide down to our first target of $7.56 and is now just 2 cents to our second target of $7.36. City dev was trading at $7.37 at close.

The volume traded last friday was rather high and this might signal more downside if it breaks the horizontal support of 7.34. The next downside target might be 7.03!

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City Dev – [ Downside Target Met, Advance Warning Given ]

Kelwin & Roy City Dev , , , , , , , , , ,
30th May, 2018, 2:42 PM

City Dev – [ Downside Target Met, Advanced Warning Given ]

City Dev took another beating as it fell in early trade where shortist were relentless. It broke and closed below our support of $11.54 on monday.

City Dev fell to our downside target of $11.30 and even went beyond to a day low of $11.09. Our near term support is now at the day low. Failing to hold that might see further downside to $10.97. A rebound might be in sight soon if the price can hold.

Of course, our exclusive clients were informed of such a trade set up. As we spent our weekend going through stocks and sending out our research ideas to our clients for them to PLAN THEIR TRADE AHEAD.

Keeping the trade simple and effective as you can see is key as this helps clients to understand the trade with less complication.

Will reveal more of the other 3 stocks as time comes.

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Kelwin&Roy

 

City Dev, Capitaland

Kelwin & Roy Capitaland, City Dev , ,
14th November, 2016, 2:59 PM
City Dev Nov 2016
City Dev Nov 2016

City Dev to us can be a tricky stock as there are times when it moves up and down with many fake breakout and breakdown.

We’re using the 200ma as a guide this time as we did for mapletree Log(http://singaporehumblestock.com/2016/11/mapletree-log-2/) by the way it came down more today =) just shy of 0.05 of our target of 97 cents.

For city dev, its been above the 200ma for the last 7 months. So this has to hold and if it doesn’t then long term players might even let go of their holdings which could accelerate the downwards movement . 200ma stands at $8.35 we’ll only initiate a short if it breaks down convincingly. Entry can be 8.34 with a stop loss of 8.41. We’re putting a tight stop loss for this. But if you have a bigger tolerant then your stop loss could be at  8.69

 

Capitaland Nov 2016
Capitaland Nov 2016

Capitaland might see further downside to 2.95 area before we see some rebound depending on the market

Yours

Humbly

City Dev, Capitaland updates

Kelwin & Roy Capitaland ,
31st July, 2016, 11:26 AM

City dev did have a pull back ever since we mentioned it on 26 july it broke its horizontal support and 8.76 and closed at 8.51 a good 25 cents profit if you had shorted. Over here at the humble stock we advocate taking profit along the way and not try to aim for the highest and lowest and take profit. Taking profit along the way helps in your mental strength or phycology too. In case anything goes wrong at least u got some profit. So we would take some profit at this level as its at its horizontal support of 8.51 if that breaks hopefully we’ll see 8.35

Capitaland July 2016
Capitaland July 2016

Capitaland, also had some movement up to 3.21 since we blogged on 20 july tried to break out of its resistancce of 3.20 but failed and closed below its resistance. We’re now watching to see if the 3.16 support holds if not it might come down to the 200ma. Or will it attempt to break if resistance again.

 

Yours

Humbly

 

City Dev

Kelwin & Roy City Dev ,
26th July, 2016, 3:39 PM
City Dev Jul 2016
City Dev Jul 2016

City Dev had a nice run up recently and hit its major resistance of $9.It is currently sitting on its horizontal support of 8.76 but if that breaks then we might start to see further downside and profit taking to an eventual target of about 8.35. For a tight stop loss it can be at 8.90 if not at 9.02.

Yours

Humbly