kelwin and roy

STI- The Start Of A Correction?

Kelwin & Roy STI , , , , , , ,
19th April, 2017, 12:11 AM

STI- The Start Of A Correction?sTI

The Straits Time Index or STI for short has once again fallen below the 20days moving average. From our previous post on STI about a month back it broke the 20ma but managed to recover soon after. This time round things might look a little different.

From a technical perspective, the 20ma and 50ma looks like its getting closer (which is not a good sign) and the 20ma looks like its sloping down too. It is currently at around the 50ma and the horizontal support and if those break we might see if slowly fall towards 3070 area.

Geopolitical issues between North korea and US are taking headlines. But could there be more issues than that? We’re watching and ready for the next move to come.  Goldman Sachs had an earning miss what would happen if more companies start to miss their earnings?

May is also round the corner and there is a saying sell and Go Away in May. Will that come true for this year? No one knows so let the chart tell us.

Our stop loss would be 3163 or 3190. Will update more when the time comes.

Yours

Humbly

Kelwin&Roy

SembCorp Marine – Being Flexible and Turning Short

Kelwin & Roy sembcorp marine , , , , , , , ,
18th April, 2017, 11:56 PM

SembCorp Marine – Being Flexible and Turning Short

SMM

Following up from our previous post on Sembcorp Marine . We were waiting and hoping for it to break the downtrend line we drew but it never came.  It broke the horizontal support line of 1.83 instead and went down to a low of 1.80

In our post we mentioned if the support of 1.83 broke we would be turning the other way which is to go short. A lesson learnt here is to let the market tell you what it wants to do and not try to second guess it. Be flexible and go with the trend.  Sembcorp Marine went to a day low of 1.80 which is nearing the 50 days moving average. Our first support would be around there and if it can’t stay above that then we might see 1.74.

We would use Poems CFD to short and not do a naked short as we would like to hold our shorts for awhile.  Stop loss are in place.

Yours

Humbly

Kelwin&Roy

Singapore Results Announcement – The importance of it

Kelwin & Roy Singapore results announcement , , ,
16th April, 2017, 11:38 PM

Companies will be releasing their 1st Quarter results very soon. Companies like Keppel Corp will release their results on 20 april, Keppel Reit 19 april. And many more.

In our view it’s good to know when the results will be released so that we can plan and not be surprised the day after when the results are announced. We would usually be a little cautious and might not be wanting to trade the stock near the announcement date as there can be some volatility. We also don’t want to trade and hold and experience a gap down in case of a bad result.

Do email us if you want the list of the companies that we have that will be reporting their results very soon.

Yours

Humbly

Kelwin&  Roy

SembCorp Marine – Holding Up Well

Kelwin & Roy sembcorp marine , , , , , , , ,
9th April, 2017, 11:31 PM

SembCorp Marine – Holding Up WellSMM

Sembcorp Marine is now on our radar and is a stock that we’ll be watching for the coming week. It’s been holding up well for the past week at around the horizontal support of 1.83.  It is currently being resisted by the downtrend line and nearing the end of it. We’re keeping track of it to see if it can breakout of it.

We’re hoping for a breakout in the coming days but if the support of the 1.83 doesn’t hold then we might turn the opposite direction. Our entry point would be above the downtrend line.

It will be a shorter week this week with only 4 trading days  as friday is Good Friday. Have a blessed week ahead.

Yours

Humbly

Kelwin&Roy

 

 

GKE Corp – Ran Up As Blogged Yesterday

Kelwin & Roy GKE Corp , , , , , , , , ,
6th April, 2017, 10:41 PM

GKE Corp – Ran Up As Blogged Yesterdaygke

GKE Corp ran up today after we mentioned it last night. Using simple technical analysis and a trendline  which we drew for all to see last night yield quite a positive result. It does take some time to learn to draw those trendline but we’re happy to teach..Volume came in around afternoon and it broke past the horizontal resistance of 0.185.

GKE Corp was up close to 5% intra day but we always like to go slow and steady. We’re still hopefully for our 0.194 target but will access the situation accordingly.  GKE Corp was the few stock that closed up despite the weak market sentiment.

Remember your trailing stop loss and have a great weekend .

Yours

Humbly

GKE Corp

Kelwin & Roy GKE Corp , , , , , , , , ,
6th April, 2017, 12:14 AM

gke

GKE has broken out of its downtrend line and is on our watchlist. The volume wasn’t as good as we hope for it to be hence we are watching it for the next few days to see if it can sustain above the downtrend line.

Our entry could be from 0.182 -0.183 with an upside target of 0.194. We can see that at 0.185 there is some resistance but it should be able to clear it if volume comes in.

Our stop loss would be about 0.170. So we would manage our trade size for this trade.

Yours

Humbly

Kelwin&Roy

Asiaphos- Up 10% and close to our target during intraday high

Kelwin & Roy Asiaphos , , , , , , , , ,
1st April, 2017, 12:59 AM

Asiaphos- Up 10% and close to our target during intraday high

Asiaphos 31 mar 2017

Asiaphos, which we shared on the blog just yesterday,  had more than a 10% run up today during its intraday high of 0.118 which was very close to our target of 0.120. We hope some profits were booked , it had a wide swing through the day closing at 0.103 which was slightly below yesterday close of 0.104, before Asiaphos asked for a trading halt.

Some News were released just this evening , more can be read here. The News does not seems that good so let us see how it trades on Monday where the trading halt will be lifted in the morning.

Remember we did say that trading such penny stock will be very volatile , hence ensure proper stop loss and appropriate position sizing is VERY Important for risk management.

Want to know more on how to trade such a stock. Do drop us an email and we’ll be glad to share like how we share with our clients.

As for its chart , if it breaks below the 0.105  resistance level now turned support level , the stock may fall back to the next support level of 0.095 follow by 0.086 and 0.079 as the next 2 possible support levels.

Yours

Humbly

Kelwin&Roy

Asiaphos – Surged Up With Volume

Kelwin & Roy Asiaphos , , , , , , , , ,
30th March, 2017, 10:21 PM

Asiaphos – Surged Up With Volumeasiaphos

Asiaphos is a company solely focused on exploring and mining phosphate in the PRC with the ability to manufacture and produce phosphate-based chemical products. More can be read over here .

Asiaphos has caught our attention because there was a huge surge in volume today and it has broken out of its long term trendline. The volume increased today was quite significant and such volume has never been since for a few years. Hence we are taking note of this stock.

There is just a horizontal resistance at 0.105and if it clears that we might see 0.12 eventually. How would we play such a stock at this point? We will either wait for a retracement to the downtrend line and if that supports around 0.095-0.098 region then we might consider an entry OR if it decides to break the 0.105 resistance.

As this is a micro penny stock , STOP LOSS is very important and we would manage our lot size accordingly too. Our stop loss would be 0.093-0.095. Also as a micro penny stock it can have wide swings too so do take note of that.

Yours

Humbly

Kelwin&Roy

Noble Group – Moved Up Today

Kelwin & Roy Noble Group , , , , , , , ,
29th March, 2017, 11:16 PM

Noble Group – Moved Up Today noble

Noble Group had a nice upside swing today just after we posted last night .  It moved to a high of 0.197 closing in to our target of 20 cents region. So what do we do now?

As we can see from the chart there was an increased in volume today so we’re hoping for it to move further in the coming days. As some have asked how we manage our trades. Each stock will have a slight difference in how we manage our trade . As for Noble Group, we would usually take some profit if the stock has ran quite a bit in the day or shift up our trailing stop loss in order to protect our profits.

Do remember to find your own comfort level in trading as everyone has a different style and tolerance level.  The weekend is drawing near and traders usually take some profit off the table on fridays so do be a little cautious and stay alert.

Yours

Humbly

Kelwin&Roy

Noble Group – Moving Up?

Kelwin & Roy Noble Group , , , , , , , ,
29th March, 2017, 1:23 AM

Noble Group – Moving Up? noble

Noble Group has came down since our last blog post on it in end feb when we were mentioned that it has hit the resistance. It went down below what we expected but seem to built a base around the 0.183 region. It has since then started to move up slightly.

Noble has caught our attention once again and it looks like it might try to make an upwards movement towards 0.20-0.21.  Our stop loss would be at 0.183 level. If it breaks 0.183 level then we might expect more downside.

There are some announcement on Noble Group which you can read over here regarding their Share consolidation and their 2016 annual report.

Yours

Humbly

Kelwin&Roy