kelwin and roy

DBS – [ All Time High! What To Take Note Now?]

Kelwin & Roy dbs , , ,
27th October, 2021, 7:33 PM

DBS – [ All Time High! What To Take Note Now?]

Image source: giphy.com

DBS has hit an ALL TIME HIGH (ATH) and given such a climate its in, it deserves a clap! Hitting all time high also means that it has hit our second target of $31.80.  The move in DBS is also helping to sustain the gain in our STI as DBS is part of the STI component stock. We’re glad that DBS is moving the way we want it to since our alert at $30.55 before the breakout but here’s a few things to take note of and not get overly excited.

  1. Its Q3 results are coming out on 5th Nov before market opens. As we always preach, its a gamble to play over results especially if you’re trading the stock. If you saw what happen to IFast after results you will know what we mean. Despite a good set of numbers, the stock got sold down. Could that happen to DBS? will the results live up to the analyst? Who knows? Will the market like the results? So playing over results does carry more risk in our opinion.
  2. On the chart, if DBS starts showing weakness closing with a weak bar, that might be a sign of profit taking and for those traders, it might be a sign to come out.
  3. DBS might be running ahead of results as most banks overseas are reporting good results so sentiments and expectations are building up.

So with these points, do take note when trading DBS! Our next upside target is in the message!

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Yours

Humbly

Kelwin&Roy

 

 

Coinbase (COIN) – [ Keep A Close Watch! ]

Kelwin & Roy Coinbase ,
26th October, 2021, 8:03 PM

Coinbase (COIN) – [ Keep A Close Watch! ]Coinbase 26th Oct 2021

Chart Source: Poems2.0 26th Oct 2021

Coinbase is an American company that operates a cryptocurrency exchange platform.  As of March 2021 it was the largest cryptocurrency exchange in the United States by trading volume. Coinbase will benefit from increasing adoption of  cryptocurrency as more and more investors are turning to crypto as an alternate form of investment.

If investing in the coins is not something you are comfortable with but want some exposure to the crypto world then coinbase might be one of it. We will cover more of it in due course but have drawn the chart and we’re looking at more upside as the world continues to adapt to crypto . Either wait for pullback to find entry or Coinbase has broken out of its horizontal resistance and might be looking at more upside.

What are your thoughts on Coinbase? We’ll be happy to hear them

Yours

Humbly

Kelwin&Roy

Mastercard Inc (MA) – [ Still In A Range? ]

Kelwin & Roy Mastercard ,
26th October, 2021, 7:54 PM

Mastercard Inc (MA) – [ Still In A Range? ]Mastercard 26th Oct 2021

Chart Source: Poems2.0 26th Oct 2021

Mastercard  Inc (MA) has in a consolidation for about 2 months already. From a pullback, it went into a consolidation and is now at the upper band of the conso. Mastercard has to stay above $361 in order to have a nice clean break. If not it might pullback once again. A bullish sign was spotted just three days back when we saw a nice hammer candle with the 50ema helping to hold it. It managed to stay above the 50ema at closing which is a good sign for us. It has also broke above the downtrend resistance line which is another positive sign.

Looking either for a breakout or pullback to support levels at 352 before any entry. Upside resistance drawn on the chart at around $369, 375 and $383.

Yours

Humbly

Kelwin&Roy

The Week Ahead (4) – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , ,
24th October, 2021, 10:00 PM


Good Morning and its the last week of October! How time flies some might say! Its about slight more than 2 more months before we end the year so make full use of what this year has to bring!

We know many people are sian about the recent covid restrictions, lets keep our heads up and spread positive vibes as much as possible! Encourage one another, call in a friend to see how he or she is doing! Keep the spirits up!

Recap for STI & HSI 

For our local market, STI touched our 3200 resistance up  rebounding about 3% since breaking our trendline just two weeks ago. Positive sentiments from the US continued to pour over which helped push our market up. Penny stocks saw another round of movement, so for those who likes to play penny stocks, the past week was probably a good one for you. Sembcorp Industries also saw some action this week.

Over at Hong Kong side it has also reached our resistance of around 26222 area with continual rebound from the tech and EV sectors. Evergrande paid out its bond coupon last week, buying it time to wrestle with a debt crisis looming over the world’s second biggest economy. It also resumed work on more than 10 of its property projects. Some good news but do be cautious especially for traders as HK market has rebound off the lows and some pullback might be seen soon.

Key Events to Watch For 

  1. Big Tech earnings! Four out of the five FAANG stocks are set to report earnings during the week – Facebook. This could set the tone for tech stocks.
  2. U.S. GDP .Data on Thursday is expected to show the extent of the headwinds that hit the U.S. economy in the third quarter. Economists are forecasting that GDP growth slowed to 2.8% from 6.7% in the previous three months. Other data to look out for would be initial jobs claims on thursday and friday’s core PCE price index.
  3. Continual monitoring of the 10 year yield. Its at the highest for the month of Oct and given Nasdaq is coming close to its ATH and S&P breaking its ATH, markets might slow down a little.

Technical Levels to Watch For This Week

STI

Chart Source: AdvisorXs 24th Oct 2021

STI continues to power through the week hitting to the round number resistance of 3200 and close slightly below it for the week. It actually rebound off the 5ema which shows some strength. The momentum does looks like its slowing down and with an month of an extension of covid regulations, markets might have some mini reactions to it. It STI manages to hold above the 5ema we might see near term upside resistance to 3230 area where more profit taking might come in. For traders, we might not want to be over aggressive as markets in US are also near or at all time high. So some pullback is not too much to expect.

HSI

HSI has also seen strength rebounding to our upside resistance of 26222. It is currently hovering near this resistance and a break above this might it move to 26834 area. Profit taking might soon come in too as market has rebound for about 2 weeks plus. Keep a look out! EV stocks like geely and BYD has seen a nice move up together with the usual tech suspects. Most tech stocks also are seeing some profit taking as they have rebound for the last few weeks too. Looking for it to stabilize before planning a move again.

Trade safe and remember to have a sound trade plan!

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

 

Let’s Take A Look At This Entertainment Company’s Chart

Kelwin & Roy Disney , ,
21st October, 2021, 7:53 PM

Let’s Take A Look At This Entertainment Company’s Chart

Image source: moneyinc.com

Have you ever been to a Disneyland? If you have then you’ll know how magical it is, how it transport you back to your childhood and those carefree times. Well,  I have only been to Disneyland Hong Kong & Shanghai but had such a memorable experience with the fireworks and all. These will stay with me for a long time to come. Kind of miss those times actually. =/

With Covid around, Disneyland seems more of a dream than anything else. When will we be able to experience such innocence and careful times again? Oh wells, we can hope and pray for the time to come! Meanwhile, lets take a look at Walt Disney Co (DIS) chart and see where is it heading to.

Technical  Outlook 

Disney 21st Oct 2021

Chart Source: Poems2.0 21st Oct 2021

We can see that Disney is in a range from around $168 to the upper range of $188.  Disney + subscriber growth is slowing and the pandemic continuing to weigh on the crucial theme -park business’ recovery, this stock has lagged the S&P. Analysts are cautious about its earnings coming 10Nov as there is not much near term catalyst. Long term, unless the parks can be open up and crowd returning then Disney could be lifted out of the mud.

For now, Disney would not be a stock we want to hold for the long term until things are clearer. We prefer to trade this counter when it nears the support and exit when it hits the resistance. So the range support is around $168 then $160 and the upper resistance is $182 which is also the downtrend line which we drew. The moving averages are kind of flat now indicating a lack of direction. Remember its earning date and try not to hold over earnings.

To happier times!

Yours

Humbly

Kelwin&Roy

Nio Inc (NIO) – [A 17% Rebound Target Met, What’s Next? ]

Kelwin & Roy Nio ,
20th October, 2021, 8:27 PM

Nio Inc (NIO) – [A 17% Rebound Target Met, What’s Next? ]
Nio 20th Oct 2021

Chart Source: Tradingview.com 20th Oct 2021

From our post on 4th Oct we mentioned that Nio was consolidating around the $35 range and that it had corrected 40% since the high, as such, this has caught our attention. After a slight move down, we saw NIO stabilizing and right that it crossed its 20ema and even the 50ema. A nice 17% rebound in about 2 weeks is good in our view! The 20ema is starting to cross up the 50ema which is a positive sign!

It is currently at around the $40 resistance and if it manages to consolidate and break above this we might see $48 on the cards. But it won’t be that fast as it’ll take time to get there.! EVs are in play and we’ll update on TESLA soon too!

Hope you learnt something from the post! Keep a lookout for our next!

Yours

Humbly

Kelwin&Roy

Are Singapore Electronic Stocks Back In Play?

Kelwin & Roy AEM , , , ,
19th October, 2021, 9:45 PM

 Are Singapore Electronic Stocks Back In Play? 

Have you been monitoring our Singapore electronic sector space? Have you noticed stocks like AEM, Grand Venture, Frencken, UMS and even Sarine Tech all moving up? Are you late in the rebound? Our clients were alerted on some of these counters since last week as we saw some rebound coming. We’ll share more in the coming days so keep watch for it.

Meanwhile, some factors to watch out might be how Nasdaq performs, you can READ UP more in our weekly outlook on the movement of NASDAQ, the 10 year yield and inflation data.

Will update soon!

Yours

Humbly

Kelwin&Roy

DBS -[ Jumped In Before The Breakout Today?]

Kelwin & Roy dbs , , ,
19th October, 2021, 7:40 PM

DBS -[ Jumped In Before The Breakout Today?]DBS 19th Oct 2021

Another good day out in the markets unless you’re shorting the markets. STI has hit our upside resistance of 3200 which we pointed out in our weekly outlook and close just a point below.

As for the STI component stocks, banks continued its move up with DBS having the largest percentage gain closing in second after dairyfarm.

If you read our article just last Thursday, we mentioned that OCBC and UOB had broke out and ran up but DBS hasn’t done so and it was worth keeping a close look out. True enough the break came today as US closed positive pushing the bulls further ahead. DBS saw a gap up this morning before making a tiny pullback and off it went towards our first target of $31.18! And yes, you guessed right, our EXCLUSIVE CLIENTS were alerted before the breakout! See below for our next target!

 

Busy with work and no time to actively monitor the markets? Want to be alerted immediately when we spot something?

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Yours

Humbly

Kelwin&Roy

 

APPLE (AAPL) – [ Is The Upside Returning? ]

Kelwin & Roy Apple , ,
18th October, 2021, 5:28 PM

APPLE (AAPL) – [ Is The Upside Returning? ]

Image source: apple.com

Apple (AAPL) needs no introduction as most of us will probably own one of apple’s product or a huge fan of it. Once you’re in their eco system, its going to be tough to get out of it. That is why although Apple doesn’t have a wide economic moat, it has a very strong loyalty base.

Lets take a look at the chart of Apple and see if the recent pullback presents a trading opportunity. And if the uptrend is resuming.

Apple 18th Oct 2021

Chart Source: Poems2.c0 18th Oct 2021

Apple is currently under the 50ema but above the 20ema. If apple manages to break above this resistance of around $144.84 which is also the horizontal resistance, a confluence of resistance. A good clean break and staying above this resistance might see it move higher. Watch out for the volume too, our analysis of the US market could shed some light too.

Our next upside resistance is around $151 then $157. Downside support at$139 and $134.

Watch it closely.

Yours

Humbly

Kelwin&Roy

 

The Week Ahead (3) – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , , ,
17th October, 2021, 10:20 PM

Image source: goodmorningfun.com

The week is starting soon and we hope you’re not feeling the blues as market is starting to come back to live and things are starting to heat up!

Recap for STI & HSI 

For our local market, as mentioned in our previous post, banks earnings over in the US gave a push to our local banks, especially for OCBC and UOB.

Electronic stocks also saw some rebound as the 10 year yield curve started to ease up. Nasdaq also had a rebound bringing further positivity to the markets. Energy stocks saw some pullback which is healthy while oil stocks pushed further up.

As for the Hong Kong market, it only traded for three days as it was closed for a day due to typhoon warning and one day due to Chung Yeung Festival. Overall, EVs , tech stock saw a rebound in the HK market while HSI moved up to our initial target.

Key Events to Watch For 

1.Earnings! Earnings have kicked off in the US and dozens of companies will be reporting in the coming week, including Tesla (NASDAQ:TSLA), Intel (NASDAQ:INTC) and Johnson & Johnson (NYSE:JNJ), as the first major wave of third quarter earnings results gets underway.

On Thursday Netflix will kicks off third quarter reporting for the ‘FAANG’ group of U.S. tech giants Facebook , Apple  Amazon.

Take note of earnings in Singapore too.!

2 Chinese GDP! On Monday, the third quarter gross domestic product for China will be released alongside with the factory production and retail sales. These are data to see the health of the economy and economist are expecting growth of around 5.2%. If it comes below then market might have some reaction to it depending on how bad the numbers are, but if it jumps on the upside it could spark more upside as this might signal recovery for the world’s second largest market.

3. U.S data he U.S. is to release data on industrial production on Monday followed by reports on buiding permits and housing starts on Tuesday.

4. Bitcon futures ETF! For those interested to get your hands on bitcoin this ETF might provide an avenue for it. The first U.S listed futures ETF are set to launch in the coming week barring any last minute objection from the SEC.

The ProShares Bitcoin Exchange Traded Fund is scheduled to start trading on the New York Stock Exchange on Tuesday. A day later, the Invesco Bitcoin Strategy ETF, would also be allowed to launch unless the SEC blocks it.The ETFs will be based on bitcoin futures that already trade on the Chicago Mercantile Exchange rather than the cryptocurrency itself amid regulatory concerns over a potential lack of liquidity and the risk of price manipulation on spot exchanges.

5. Take note of the 10 year yield too. It did move up on Friday. Don’t overlook this point.

Technical Levels to Watch For This Week

Straits Times Index 17th Oct 2021

Image source: AdvisorXs 17th Oct 2021

STI saw a nice rebound of about 60 points when it broke our resistance line last week . It reached our upside of 3160 on the back on our banks moving, Jardine and Venture having share buy backs . With renewed interest of opening up, this also has caused aviation stocks to move up but we prefer a pullback now before entering. Positive sentiments continue to flow and we might see our next resistance target of around 3200.

HSI

HSI also saw some bounce on a shorter week hitting our first resistance. The closing bar on Friday was a nice pin bar candle. As we see US side closing strong and the S&P cutting above its downtrend line. This could bring more positive movement as the bulls look to overcome the bears in the coming week. Watching HSI to break that resistance of around 25404. If that breaks, our next upside resistance would be 26209.

Trade safe and remember to have a sound trade plan!

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