IFast

IFast – [ Covering Gap? Were You Fast Enough? ]

Kelwin & Roy IFast , , , , , , , , ,
4th January, 2021, 10:10 PM

IFast – [ Covering Gap? Were You Fast Enough? ]IFast 4th Jan 2021

Chart Source: Poemsview 4th Jan 2021

What a good start to the year as IFast which we were eyeing in Dec after the brutal sell down made a nice move up today. You can read more about our thoughts on IFast over HERE.  We have not given up on this counter even though it didn’t win the digital banking license as that was just one upside component for this counter.  It had consolidated for the last three weeks or so and finally today when it crossed the 20ema that was when we alerted our EXCLUSIVE CLIENTS.

After crossing  the 20ema of around $3.10 it didn’t look back and charged forward towards our targets. A nice upside of over 4.5% was seen intraday hitting our initial target of $3.21. From the technical perspective, our next potential target is $3.33. Also if you have read our previous post on IFast there was some potential entry point back when it was trading at $2.90 for a longer term view.

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Yours

Humbly

Kelwin&Roy

Happy New Year 2021! We Started Off With A Blast!

Kelwin & Roy UMS , , , , , , , ,
4th January, 2021, 6:22 PM

Happy New Year 2021! We Started Off With A Blast!

Image source: freepik.com

Blessed New Year from us and what a blast it was! The first day of 2021 started well for us and we hope the same for you all too.

Image source: SGX.com

Image source: stocksbnb.com

UMS 4th Jan 2021

Image source: sginvestors.io

We’re thankful that stocks like UMS, SGX, Frencken and Ifast all moved up nicely hitting our targets. Eletronic stocks saw some interest with UMS moving up the most as compared to the usual suspect like frencken and AEM.

Will provide more updates on some of the stocks in our next few post with some technical points to look out for so keep a look out for it.

Yours

Humbly

Kelwin&Roy

IFast – [ Brutal 35% Sell Down, It Is Over Done?? ]

Kelwin & Roy IFast , , , , , , ,
8th December, 2020, 2:49 PM

IFast – [ Brutal 35% Sell Down, It Is Over Done?? ]Ifast 8th Dec 2020

Chart Source : Poemsview 8th Dec 2020

Ifast didn’t manage to win the digital wholesale banking license announced last friday(4th Dec) evening and saw its stock HAMMERED down over 35% yesterday. What was interesting was that on Friday, Ifast saw a move up in price probably anticipating some sort of announcement and maybe even hopes of winning it. But who knows……It failed to win and eventually saw a MASSIVE GAP DOWN and would probably have trapped many retailers who chased on Friday.

So what’s our game plan now? Should we panic and sell out? These are some of our thoughts.

  1. Ifast said in their announcement that MAS is still reviewing whether to grant more of the DWB licences in the future and IFast is still committed in its pursuit of a digital banking licence. ” The Group will continue to work on improving its range of solutions and services to further add value to global investors, wealth advisers
    and corporates using its Business-to-Consumer (“B2C”), Business-to-Business and Fintech Solutions. ” This sounds positive to us and if MAS were to issue out new licences, Ifast could be a good potential winner next round.
  2. IFast together with PCCW is also a candidate to digitize the HK pension system. A win for this could boost Ifast bottom line. Of course if they fail to win this, it’ll be another set back. Dates for the results for this is still unknown. We’re neutral on this.
  3. A 35% sell down might not really be justifiable. A massive sell down of 35% might be overreacting to not winning the licence.
  4. Approval for securities dealing in Malaysia could boost its revenue growth. It is also continuing to grow its AUA from its hard work from the past few years. Positive for us

Lets take a look at the chart. We can see that there is a support at around $2.67 follow by $2.48. The resistance is around $2.95 then the 5ema of around $3.24. If you’re looking at a longer time frame, a scale in at various levels of around the range of $2.70- 2.90 might be a good opportunity. Our target in the longer run is for the price to cover the gap with $3.35 , 3.63 then $3.9 as our upside target. Don’t go all in at once but scale in your investment in 3-4 batches.

We’re hopefully of IFast longer term  price and this might be a good opportunity to take advantage of the drop in price.

Share with us your views too! Just contact us here!

Yours

Humbly

Kelwin&Roy

IFast – [ Up 16% Since $0.945 Entry, One Thing To Do Now]

Kelwin & Roy IFast , , , , , , , , ,
5th June, 2018, 5:06 PM

IFast – [ Up 16% Since $0.945 Entry, One Thing To Do Now] IFast 5th June 2018

Chart Source: Poemsview 5th June 2018

IFast a stock that we covered back in May has seen it moved up over 16% in less than a month.

Since our entry of $0.945 we have seen IFast moving up slow and steadily to hit our targets.

The One Thing to do now is to ensure that we have our proper trailing stop in place.

Suggested trailing stop could be $1.02 in order for the for to have some breathing space.

Uptrend looks in tact for now.

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IFast – [ Fast Enough To Catch It? 3 Simple Reasons For The Run ]

Kelwin & Roy IFast , , , , , , , ,
15th May, 2018, 8:32 AM

IFast – [ Fast Enough To Catch It? , 3 Simple Reasons For The Run ] Ifast 14th May 2018

Chart Source: Poemsview 14th May 2018

IFast provides investment solutions to financial advisers, financial institutions, insurance companies, pension fund managers, retail and accredited investors, and multi-national companies had a fantastic two days run up with close to 8% upside since our entry price.

More info about IFast HERE.

3 Simple Reasons for the possible run up

  1. IFast Broke above our long term downtrend line which we drew starting from june last year.
  2. IFast Broke above the 200 days moving average which is a respectable moving average that investors looks at
  3.  Volume started coming in on last Friday which was the HIGHEST for the year until Today.

With that we sent out our trade analysis to our exclusive clients informing them this  potential set up at $0.945

We are glad that is has hit our second target of $1.02 before some profit taking came in.

A huge volume today with a closing like this is not that ideal for now, we will like to see IFast close above $1.02 in the coming days in order for it to move higher if not more profit taking might drag it down.

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