Oil counter

YZJ ShipBldg – [$1.53 Target Hit, Next Target? ]

Kelwin & Roy YZJ, YZJ Shipping , , , , , , , , , , ,
27th February, 2018, 5:08 PM

YZJ ShipBldg – [$1.53 Target Hit, Next Target? ] Yzj ShipBldg 27th Feb 2018

Chart Source: Poemsview 27th Feb 2018

Yzj ShipBldg has reached our target of $1.53 since spotting it at $1.34 support. Its up close to 15% already so remember to protect your profits.

Its results might be out very soon. So do be cautious when trading yzj for the time being as we have seen many times with results earnings a stock can swing either way.

If Yzj manages to stay above 1.53-1.54 we might see it test the minor resistance of 1.57 then to 1.60.

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Yours

Humbly

Kelwin&Roy

Sembcorp Marine – [ Rebound Off Our Support]

Kelwin & Roy sembcorp marine , , , , , , , , ,
27th February, 2018, 11:11 AM

Sembcorp Marine – [ Rebound Off Our Support]Sembcorp Marine 27th Feb 2018

Chart Source : Poemsview 27th Feb 2018

Sembcorp Marine had a nice bounce from our support of 2.16 which we blogged just last thursday evening. We anticipated more selling from Thursday close and indeed it came down to our support.

If Sembcorp Marine manages to stay above its 50ma at 2.24 we might see it move up to the next target of 2.36.

Market is moving now so we’ll keep the update short. Our Support is at 2.16 now and if that breaks 2.09 will be next.

As you can see from the chart, simple trendlines and support lines are key to your trading journey.

Click HERE if you are serious about learning more on how trendlines/moving averages/support lines can help you in your trading journey.

We got a team of top tier remisiers waiting to serve you.

Yours

Humbly

Kelwin&Roy

China Aviation – [ Taking Off Amidst Turbulent Market!]

Kelwin & Roy China Aviation , , , , , , , , , ,
22nd February, 2018, 11:12 PM

China Aviation – [ Taking Off Amidst Turbulent Market!]

China Aviation 22nd FEb 2018

Chart Source: Poemsview 22nd Feb 2018

China Aviation defied gravity and took off to close up at the day’s high of 1.62.

Its above our horizontal resistance of 1.61 and staying above that might see it move towards 1.64( the 200ma resistance) and then 1.69.

Its results will be out  on 28th Feb after market hours. Support is at 1.49

China Aviation has a tendency of running before its results, will history repeat itself?? We shall see.

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Humbly

Kelwin&Roy

 

Sembcorp Marine – [ Sinking or Floating? ]

Kelwin & Roy sembcorp marine , , , , , , , , , ,
22nd February, 2018, 5:44 PM

Sembcorp Marine – [ Sinking or Floating? ] Sembcorp Marine 22nd Feb 2018

Chart Source: Poemsview 22nd feb 2018

Sembcorp Marine reported its results in the morning before market opened with it sinking into the red for the fourth quarter with  a net loss of $33.78 million. More can be read here.

Also, during the briefing Sembcorp Marine confirmed yesterday that the Brazilian authorities have charged an individual over alleged illegal payments linked to drillship contracts won by the company’s units. More can be read here

Adding to that, some brokerage houses were downgading Sembcorp Marine.

What a turn for Sembcorp Marine. Just a few weeks back, brokerage houses were upgrading this counter and now its taking a bad hit.

If you have drawn a short term downtrend line we might have seen Sembcorp Marine being resisted. Also, do be careful holding a counter over earnings release. These are good measures to have in order not to be caught off guard the next day.

As for now there is a huge volume sell down and more selling might be coming. We’re putting our support at 2.22 then 2.16 area before deciding our next course of action. Lets wait for the dust to settle before entering.

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Kelwin&Roy

 

Sembcorp Industries Ltd – More Upside Might Be Possible

Kelwin & Roy Sembcorp Ind , , , , , , , , ,
23rd May, 2017, 12:53 AM

Sembcorp Industries Ltd – More Upside Might Be Possible SCi

Sembcorp Industries is one of the many counters that we are looking out for.

It is currently resisted by the downtrend line that we drew and also by the horizontal resistance line at 3.23 . What we like is that there is an increase in volume, the moving averages seems to be sloping up and the 20ma might be cutting above the 50ma which is a good sign.

Another factor to take note is the upcoming opec meeting on 25th May. Where opec will decide if they will extend the output cut. Oil has been rebounding and that might be positive for our oil counters like sembcorp marine and keppel corp both of which we are looking with interest.

Though sembcorp industries is not a direct oil play. It could potentially benefit from the extension cut.

Our possible entry might be 3.24 with  a stop loss of 3.12 and a target of 3.35 first.

Yours

Humbly

Kelwin&Roy

China Aviation Oil – Broke Out!

Kelwin & Roy China Aviation , , , , , , , , , , ,
18th May, 2017, 11:41 PM

China Aviation Oil – Broke Out!CAO

China Aviation Oil broke out today  just after we blogged on it on Tuesday  News was out on Wednesday  after market hours that it will be included in the MSCI Singapore Small Cap Index effective on 31st May after market hours. More can be read here

We would shift our stop loss to around 1.66 now so that in the worse case we would still be breaking even. Being alert to take profit along the way is also important in case market turn.

Remember preserving capital in this market is key.

China Aviation Oil hit a high of 1.695 and of course we’re hoping that it can hit our first target of 1.72 which will put us in some nice profit. More volume came in today so hopefully that could lift this stock up in the coming days.

Yours

Humbly

Kelwin&Roy

China Aviation Oil- A Potential Breakout Play

Kelwin & Roy China Aviation , , , , , , , , , ,
16th May, 2017, 11:39 PM

China Aviation Oil- A Potential Breakout Play

CAO

China Aviation Oil or CAO for short has caught our interest once again. There is an increased in volume today and has reached it’s horizontal resistance of 1.66.

If CAO manages to break that resistance and stay above it we might see further upside to 1.72 first. It is currently above its 20 moving day Our stop loss would be 1.62. We’re choosing to keep to a tighter stop loss this round as recently our local market has been a little choppy. So we’re keeping to a tighter stop loss and reducing our lot size accordingly.

Our job is to manage the risk and let the market take care of the rest. =)

Yours

Humbly

Kelwin&Roy

Keppel Corp – Down To Our Target, Rebound Next?

Kelwin & Roy Keppel Corp , , , , , , , , ,
16th March, 2017, 12:57 AM

Keppel Corp –  Down To Our Target, Rebound Next?Keppel Corp

Keppel Corp has been down for the last two weeks since we were blogged it .It was at $7.22 when we mentioned that it was a little high and needed to pull back. It has now reached our lower uptrend line and looks supported.

We’re hoping for it to have some rebound from here and if it doesn’t it could signal more downside .

Our upside entry would be at current spot price of around 6.65 with a stop loss of 6.53-6.55. Our first upside target might be 6.85

Some factors to take note would be oil prices. Oil has been falling for the last week and if it continues to fall then Keppel Corp might be dragged down.  The next factor would be the interest rate decision but more importantly janet yellen’s tone and speech going forward. The number of times interest rate will hike also will play a role.

So if our support breaks we might be prepared to go the other way.

Yours

Humbly

Kelwin&Roy

Keppel Corp – Oil Down So Is Keppel Corp

Kelwin & Roy Keppel Corp , , , , , , , , ,
9th March, 2017, 11:34 PM

Keppel Corp – Oil Down So Is Keppel CorpKC

Keppel Corp was a stock we blogged exactly a week back mentioning that it was high and needed a break. It hit our upper trend line and started to pull back. It was at around $7.22 when we spotted it and hit a day low of $6.77. A nice downside for a singapore blue chip. We hope our readers managed to benefit from our sharing once again.

So where to now as some of you have asked. The immediate support for Keppel Corp is around 6.76-6.78.It is also around the 20 days moving average.So it’s a double support for us.  If there is further weakness and breaking that support, we could see it hit our lower uptrend line of 6.65-6.70. Oil in the recent days have been taking a beating hence our oil related counters are not spared.

What could happen is that either Keppel Corp goes for a rebound and starts turning down and that’s where we would consider another short entry. Or if it breaks 6.76 then we might consider entry. Remember we’re using Poems CFD to hold our shorts and not naked short

Yours

Humbly

Kelwin&Roy.

Sembcorp Marine – Our warrior is up 20%

Kelwin & Roy sembcorp marine , , , , , , , ,
23rd February, 2017, 10:18 PM

Sembcorp Marine – Our warrior is up 20% smm

Sembcorp Marine had a wonderful run today after releasing its results. It has swing to a profit in Q4 which probably helped in lifting the price up. A future squeeze on short sellers also helped the price moved up sharply. In fact sembcorp marine is up 20% since our first post in just two weeks. Solid gains and we hope our readers managed to learn something through this.

If you have been following us for a while, Sembcorp Marine broke through our uptrend line which could be another possible entry. We have drawn a few possible resistance in the near term so don’t forget to shift up your trailing stop now.

Yours

Humbly

Kelwin&Roy