Straits Times Index – [ Is the Rebound Coming? ]

29th June, 2018, 8:36 AM

Straits Times Index – [ Is the Rebound Coming? ]Straits Times Index 29th June 2018

Chart Source : Poemsview 29th June 2018

Straits Times Index has dropped about 10% from a high of  3641 to a low of 3237 a healthy correction in a bull market.

Our previous support didn’t hold at 3295 which then came down to a low of 3237. If this support doesn’t hold then 3199 could be on the cards.

We are now watching to see if this support holds before making any move. The immediate resistance might be 3267 breaking above that might see it test the near term resistance at 3295 . If market continues to rebound then we might see 3340 area.

We’re watching closely for a rebound and Banks like ocbc, dbs might be a sector that might lead the rebound.

Yours

Humbly

Kelwin&Roy

 

 

Valuetronics – [ Rebound Came Exactly After Hitting Our Target of $0.64, Close to 20% Downside]

28th June, 2018, 8:26 AM

Valuetronics – [ Rebound Came Exactly After Hitting Our Target of $0.64, Close to 20% Downside] Valuetronics 28th June 2018

Chart source : Poemsview 28th June 2018

Valuetronics a shorting candidate we spotted just one month back which came down close to 20% to our support of $0.64.

Valuetronics rebound from our support of $0.64 to a high of $0.685 but closed not as nice today due to the market sentiments.

For now we might see the price hovering in a range which we might not attempt to catch yet as market still remains volatile.

A retest of $0.64 might be good to see if the support is valid.

Two ways we’ll play this. If valuetronics test $0.64 and breaks we might continue shorting. If it doesn’t and starts to form a base then we might consider going long for a rebound.

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Sembcorp Marine – [ Reaching Our First Target Of $2.07, Next Target? ]

27th June, 2018, 9:30 PM

Sembcorp Marine – [ Reaching Our First Target Of $2.07, Next Target? ]Sembcorp Marine 27th June 2018

Chart Source: Poemsview 27th June 2018

Sembcorp Marine was one of the counter we highlighted just TWO DAYS BACK as oil started to turn up due to OPEC less than expected output increase.

We mentioned a break above $2 might see it move higher and indeed we’re glad it moved up to our first target of $2.07. Needless to say our EXCLUSIVE CLIENTS were informed of the break and managed to ride the wave to $2.07.

So where is our next target? As Sembcorp Marine hit our resistance and pulled back also due to market sentiments if it manages to stay above $2 we are still optimistic.

If Sembcorp Marine closes below $2 then we might see further downside from there.

Keeping watching.

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Keppel Corp – [ Oil Jumps, Will Keppel Corp Be Next?]

24th June, 2018, 10:14 PM

Keppel Corp – [ Oil Jumps, Will Keppel Corp Be Next?] Keppel Corp 24th June 2018

Chart Source: Poemsview 24th June 2018

Oil Jumped the most since nov 2016. Opec agreed to a modest increase in oil production but was unclear on how much they might increase by.

“OPEC’s decision confused some in the market as the producers gave opaque targets for the increase, making it difficult to understand precisely how much more it will pump. The expectation that the increase will fall short of the 1 million bpd figure boosted the market. ” (Quoted from CNBC). Due to that, oil jumped and set a bullish tone for the oil market. Read HERE for more.

Keppel Corp seems to be a range for the last week with $7 area being a critical support. The resistance for Keppel Corp might be at $7.17

A break above that might see it move up to $7.26 first and then $7.32. $7.42 might even be possible if oil remains bullish.

Sembcorp Marine is another oil counter that  we’re looking at. A break above $2 and staying above that might indicator more upside.

Yours

Humbly

Kelwin&Roy

 

Straits Times Index – [ Rebound In Sight? ]

21st June, 2018, 8:43 AM

Straits Times Index – [ Rebound In Sight? ]Straits Times Index 21st June 2018

Chart Source : Poemsview 21st June 2018

Straits Times Index have fallen to our 3313 region which we previously mentioned and seems to be forming a base around that area.

If the support continues to hold we might see a rebound coming soon as trade war news might have overplayed for now and market might have absorbed some of the bad news.

We’re looking at 3340 as a resistance and a break above that might see us up towards 3378 area first. We’re looking at certain stocks to rebound too as we round up some of our shorts for now.

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Japfa – [ Achieved Upside Of 10% Since In Less Than Three Weeks, Our Next Target? ]

20th June, 2018, 12:24 PM

Japfa – [ Achieved Upside Of 10% Since In Less Than Three Weeks, Our Next Target? ] Japfa 20th June 2018

Chart Source : poemsview 20th June 2018

Japfa as we mentioned before on our blog post previously has reached our target of $0.625 which translates to an upside gain of 10%.

In less than three weeks we saw Japfa moving from $0.565 to a high of $0.63 today. A very nice swing long if you ask us despite such market condition.

Our EXCLUSIVE CLIENTS were alerted on this trade analysis and were kept informed of Japfa’s latest movement.

As Japfa has climbed quite a fair bit, a pause would be fair before it might move up to $0.66. The volume coming in today is healthy and more than the previous day which might suggest further upside is possible.

Lets continue watching.

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Valuetronics – [ 10% Downside Achieved In Just Three Weeks, Our Next Target? ]

19th June, 2018, 7:35 PM

Valuetronics – [ 10% Downside Achieved In Just Three Weeks, Our Next Target? ] Valuetronics 19th June 2018

Chart Source : Poemsview : 19th June 2018

Valuetronics was an electronic stock which we alerted our EXCLUSIVE CLIENTS on just three weeks back.  When valuetronics failed to hold above $0.785 we knew that it might be in trouble. Furthermore, its peers were also being sold down hence that gave us more conviction in our shorting target.

The moment it broke $0.785 we Alerted our EXCLUSIVE CLIENTS informing them about our trade analysis. We’re glad that valuetronics started to peel away although it tried to rebound but the overall sector remained weak and it couldn’t fight gravity.

We’re happy to see that after our spotting UMS for shorting, valuetronics continues to give us a very nice return of more than 10%

Where might our next target be? We’re looking at $0.68 then $0.64 where a rebound might happen. Let’s continue to monitor and see where this trade takes us.

Don’t forget your trailing stops.

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MapleTree Ind Trust – [ Below $1.91 Triple Support, Be Alert!]

19th June, 2018, 8:18 AM

MapleTree Ind Trust – [ Below $1.91 Triple Support, Be Alert!]

Mapletree Ind Trust 19th June 2018

Chart Source : Poemsview 18th June 2018

Mapletree Ind Trust closed below its triple support of $1.91 which isn’t good if you ask us.

It is also below the 200ma which adds further downside pressure.

It might hit the $1.87 first and failing to hold that we might see further downside pressure to $1.81 area.

We might consider a swing short on this counter as long as it doesn’t close firmly above the 200ma

Lets keep a look out for this.

Yours

Humbly

Kelwin&Roy

Hi-P – [ 3 Reasons Why Stop Loss Is So Important]

14th June, 2018, 3:07 PM

Hi-P – [ 3 Reasons Why Stop Loss Is So Important]

Chart Source: Poemsview 14th June 2018

Hi-P just got sold off again and ever since we had to stop loss, Hi-P continued its slide down of  almost 8%.

Stop loss is a very important discipline to have and we cannot emphasize how crucial it is for us.

Not having Stop loss is kind of like driving without a seatbelt, dangerous eh? You won’t take a chance and would buckle up every time you enter the car. So why take a chance in trading too? Cutting loss is not all bad, here’s why.

  1. Cutting loss frees your mind, it takes off the stress of anticipating if the stock will rebound or not and it sets your emotions free. No longer are you a hostage of the trade. And having a clear mind when trading is very important too.
  2. It Caps your downside loss. So often many traders have a good winning streak but all it takes is one big lossing trade to wipe off that gain. It’s not worth it. Cap your losses so that it will not eat into your profits.
  3. It instills discipline! When you are able to stop loss and practise such good habits it will go a long way in your  trading journey and even in life. Not second guessing and willing to stop loss are a mark of a good trader.

So, cutting loss is not that bad after all right? With a sound trade plan, a trader is already prepared for any downside eventuality.

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Kelwin&Roy

 

Sembcorp Industries – [ Down 5% In Two Weeks, Advanced Warning Given]

14th June, 2018, 9:01 AM

Sembcorp Industries – [ Down 5% In Two Weeks, Advanced Warning Given]Sembcorp Industries 14th June 2018

Chart Source : Poemsview 14th June 2018

Sembcorp Industries a stock that we mentioned just two weeks back when it broke its psychological support of $3 when our EXCLUSIVE CLIENTS were alerted of this break.

Ever since then Sembcorp Industries tried to break up above the $3 level once but failed to do so. This has then set a path for Sembcorp Industries to slowly drift down.

It has reached a few of our downside targets of $2.93, $2.89 and $2.83.

IF Sembcorp Industries remains weak and staying below the $2.82 level we might see our next downside target of $2.76.

Using Poems CFD to swing such a trade is the preferred way in order to ride the downside wave.

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Kelwin&Roy