Sembcorp Industries – [ Hitting Previous High, Time To Take Some Profits?]

31st May, 2021, 7:40 PM

Sembcorp Industries – [ Hitting Previous High, Time To Take Some Profits?]Sembcorp Industries 31st May 2021

Chart Source: Poemsview 31st May 2021

Another stellar performance by Sembcorp Industries as it moved up to test the previous high of $2.24. It has been performing well over the last few sessions and has met our rebound target of $2.22 which is about 9% upside in just a week! It actually broke above this resistance but failed to close above it. The volume that came in wasn’t bigger than the previous day which is a concern for us now. For traders at this point taking some profits might be on the cards as those who were stuck at these levels might want to come out.

Unless it can stage a strong close above this level then we might see $2.29. The candle for today’s close is not the nicest so its time to be cautious. The next upside target might be $2.29.

Don’t want to miss out on our next Trade Alert? Be our EXCLUSIVE CLIENT and be included in our next trade alert! Sembcorp Industries has been a stock which we have been alerting since January, hope it has been good for you all.

Yours

Humbly

Kelwin&Roy

Hong Leong Asia – [ Rebound In Progress, Testing The Previous High Soon?]

26th May, 2021, 7:14 PM

Hong Leong Asia – [ Rebound In Progress, Testing The Previous High Soon?] Hong Leong Asia 26th May 2021

Chart Source: Poemsview 26th May 2021

Hong Leong Asia another stock that was on our radar for a rebound after a pullback. Using technical analysis, it broke its short term downtrend line yesterday and that was a positive sign for us! Well, you know the drill, we alerted our EXCLUSIVE CLIENTS and saw a nice 3% rebound on the same day hitting our first target! Volume looks healthy as traders started piling in and the shortist probably had to cover their positions due to the strong surge in price.

Where is Hong Leong Asia heading to? We are looking at it testing the previous high of around $1.06 with local houses starting its coverage on it. The building materials and diesel engines segments look set to benefit form a recovery in 2021. At $1.06 we might see more profit taking coming in and who knows we might take that resistance out very soon!

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Yours

Humbly

Kelwin&Roy

Sembcorp Industries – [ Top Performing Stock In STI Today, Our Next Upside Target?]

25th May, 2021, 5:14 PM

Sembcorp Industries – [ Top Performing Stock In STI Today, Our Next Upside Target?]

Chart source: Poemsview 25th May 2021


Sembcorp Industries the top performing stock in the STI components today, gaining up to 5.4% at the day high.

It had a nice pullback from the recent high and a consolidation over the last few days. It attempted to break the downtrend resistance lines yesterday and when that happened EXCLUSIVE CLIENTS were alerted!

Volume is starting to come in and with that the increased in volume we might see a higher price movement in the coming days. Our second upside target is very close by which is at $2.15. After that we might see $2.21.

Don’t want to miss out on our next Trade Alert? Be our EXCLUSIVE CLIENT and be included in our next trade alert! Sembcorp Industries has been a stock which we have been alerting since January, hope it has been good for you all.

Yours

Humbly

Kelwin&Roy

 

Innotek – [ 9% Rebound In A Week, Will It Challenge the $1.04 High?]

24th May, 2021, 7:33 PM

Innotek – [ 9% Rebound In A Week, Will It Challenge the $1.04 High?] Innotek 24th May2021

Chart source: Poemsview 24th May 2021

Innotek a nice uptrend stock which we caught back in April had a healthy profit taking in May which presented a nice opportunity to scale in. We saw a nice rebound since last week when we alerted our EXCLUSIVE CLIENTS . It was just trading at $0.895 at that time.  Since then it has rebounded about 9% to a high of $0.98. It looks like it might challenge the $1 round number resistance very soon and breaking that might see it move higher to the $1.04 previous high resistance. Profit taking might start to come in as traders who were stuck around that range might want out.

We were busy the last few week preparing some charts and analysis for our clients hence the reduced in posting. We’re glad we’re seeing a nice rebound for most of the stocks which we will be sharing very soon. So stay tuned!

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Yours

Humbly

Kelwin&Roy

Nanofilm – [ Rebound In Progress, But How Much Further? ]

21st May, 2021, 7:40 AM

Nanofilm – [ Rebound In Progress, But How Much Further? ]Nanofilm 21st May 2021

Chart source: Poemsview 21st May 2021

Nanofilm a stock that we just posted three days back saw a nice rebound after dropping 15% . This rebound saw a nice 4% upside in three days. It has now reached the downtrend resistance line that we were talking about in our previous post.  At the same time, it is also currently sitting at the 20ema so a break above that might signal more upside. Volume is starting to come back as traders start looking for a bargain. We’re quietly optimistic that this resistance might be overcomed.

Our next upside potential target is around $5.22.

Hope you learnt something from our post! Did you manage to catch the rebound for Nanofilm?

Yours

Humbly

Kelwin&Roy