YZJ ShipBldg – [ Another Wonderful Performance]

21st January, 2018, 11:07 PM

YZJ ShipBldg – [ Another Wonderful Performance]

Chart Source : Poemsview ( 21st Jan 18)

Yzj shipping and Cosco taking turns to run. After Cosco had a wonderful run as per blog its Yzj’s turn!

An awesome run for Yzj Shipping on Friday as it hits another of our target. Our next possible target might be 1.70. Volume came in on Friday which might help sustain the upward movement.

We have drawn a simple uptrend support which could act as our protective stops.

Want to know more about how simple trendlines and moving averages can be used effectively for trading as seen on the blog?

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Yours

Humbly

Kelwin&Roy

 

Yanlord – [Watching With Interest]

19th January, 2018, 12:04 AM

Yanlord – [Watching With Interest]

Chart Souce: Poemsview (18th Jan 18)

Yanlord is currently on our watchlist as it approaches the downtrend line resistance we drew. If it can break and stay above that we might see some upside in the coming days.

It is supported by the horizontal line at 1.67 . If you add in some of the moving averages like the 20 and 50 days you will find something interesting.

Will be keeping watch on Yanlord.

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Yours

Humbly

Kelwin&Roy

YZJ ShipBldg – [ Stellar Performance Shown Today]

9th January, 2018, 11:58 PM

YZJ ShipBldg – [ Stellar Performance Shown Today]

Chart Source: (9th Jan 18)

Yzj Shipbldg had a stellar performance this morning. In fact it was the best performing stock in terms of percentage out of the whole STI 30 component.

From the chart we can see that Yzj Shipbldg broke out of its downtrend line and started its run through the day. Volume came in to support the move too.

It hit two of our targets one at 1.57 and the other at 1.59 before taking a short break and closing at 1.58. Our possible next few targets might be 1.64 then 1.70. Protective stops are in place too.

Want to know how to protect your profits the right way? Or be part of our exclusive client list that was alerted earlier on trade analysis at 1.51? 

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Yours

Humbly

Kelwin&Roy

Olam – [ Starting Of A Rebound? ]

8th January, 2018, 11:59 PM

Olam – [ Starting Of A Rebound? ]

Chart Souce : Poemsview (8th Jan 18)

Olam a leading agri-business recently saw its share price fell from a high of 2.47 to $2.

A Base was then formed around there and it showed some sign of a rebound. It broke out of its downtrend line today and shoot up to 2.13.

Our next few possible upside targets might be 2.16 and then 2.2. With a protective stop of 1.99.

Of course of exclusive clients were alerted earlier before  the breakout.

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Yours

Humbly

Kelwin&Roy

Singapore Straits Time Index – [What’s Next??]

14th September, 2017, 11:29 PM

Singapore Straits Time Index – [What’s Next??]

Chart  Source: Poemsview,  Date (14 Sept 17) Straits Times Index 14 Sept 17

 

Since our Blog post on Sti one week ago, it had a nice downside to around today low of 3209 area which is quite close to our 3200 target support . Despite other markets having some rally for the past week ( e.g S&P500 had a new record closing this week) , Sti was instead trading in a sideway range closing at 3220 today, which is a indication of weakness .

We can also see the 20ma remains below the 50ma , which is a further indication of Sti weakness. If Sti were to continue its slide and break below the 3200 support level , the next support level may be 3166 follow by 3150 which could be a important support level as it is also its 200ma level.

For Index trading , We usually use a zone to determine the support and resistance level .

Want to know more on how we managed to spot such a move ?

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Yours

Humbly

Kelwin&Roy

 

Singapore Straits Time Index – [ Good To Pay Attention]

8th September, 2017, 1:09 AM

Singapore Straits Time Index  – [ Good To Pay Attention]STI

Many have been asking our view on the Straits Time Index so we’ll just share our humble view.

From a technical perspective, we can see the 20ma cutting the 50ma from above and this hasn’t happen for a year. Adding to that September is a seasonally lousier month for stocks. We would like to er on the side of caution and not be heavy long in the market yet until a clearer sign is shown. Trump’s tax reform and North Korea missile test are some factors holding the market hostage.  The Moving Average are now acting as the resistance so unless a break above those could be strength to us.

We can see that whenever the straits time index try to rally, the rebound gets a little weaker and its starting to form a lower high in that sense. Recently it tried to break above 3250 but failed. Its support is currently around 3225 region and a break below that could send it down to a strong support of 3200 area first.

Market is also frustrating as its up one day and down the other. We advise looking at individual chart as some stocks are still displaying some strength.

This is just a short sharing but feel free to Contact US if you like to discuss more.

Yours

Humbly

Kelwin&Roy

OCBC – [At A Tipping Point? ]

5th September, 2017, 12:23 AM

OCBC – [At A Tipping Point? ]ocbc

OCBC bank has an interesting set up.  It is part of the STI component and the banks caused a drag to the STI index today. Of course not forgetting the worry that comes from North Korea testing its nuclear capability.

OCBC bank had a nice uptrend since the start of the year.  It had a gap up just on last Thursday but got slammed down this morning and even crossed below its 50MA which hasn’t happen since April.

It is now currently supported by the horizontal support at 10.92. If it breaks below and stays below that we might see more downside. Our entry might be below 10.92 with a stop loss either at 11.04 or 11.15 which is the downtrend resistance.

We would be using Poems CFD to short and if you would like to find out more about CFD feel free to Contact Us and we’ll be glad to assist you in understanding CFD.

Yours

Humbly

Kelwin&Roy

 

YZJ Shipping – [ Hit A Rough Patch And Came Down]

24th August, 2017, 11:59 PM

YZJ Shipping – [ Hit A Rough Patch And Came Down]yzj

Yzj Shipping came down as we posted last Friday. The upper trend line did act as a resistance and it came sailing down.

It has came down about 4% since entry and is now hovering around the middle trend line. Our eventual target might be around 1.50 which is the upper trend line support. From there we will look at the market conditions again. We’ll also move our trailing stop down to at least 1.605. So the worse case we break even.

Yours

Humbly

Kelwin&Roy

Yzj Shipping – [ Rough Sea Ahead? ]

18th August, 2017, 12:24 AM

Yzj Shipping – [ Rough Sea Ahead? ] yzj

Yzj Shipping has had a fantastic run the last two weeks or so but the momentum seems to be slowing down.

The Upper trend line seems to be resisting it from running further hence it might suggest some pullback in the making. It is currently consolidating around the box region which we have drawn.

Our trade plan might be to look for a short entry at around 1.62-160 area with a tight stop loss at 1.645, or when it breaks below the 5 days moving average which has been supporting it of around 1.575.

We’ll be watching for the momentum if it breaks above 1.645.

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Yours

Humbly

Kelwin&Roy

Wilmar – Base Formed

2nd August, 2017, 2:25 PM

Wilmar – Base Formed wilmar

Wilmar in a range recently for the last month is seeing some upwards movement. A nice base at 3.27 has been formed so that will be our support for now. If it goes below 3.27 then it might start another wave of selling.

It is currently trading above 3.39 but it has to close above that if more upside were to come. Its results will be out on 10th Aug after market hours so do that note of that too. The next possible upside might be 3.48 first.

Wilmar has business in the palm oil sector, sugar and other agriculture business. It is part of the Straits Time Index component stock.

Yours

Humbly

Kelwin&Roy