singapore blue chips

Straits Times Index – At A Pivotal Point

Kelwin & Roy Straits times index , , , , , , , , , , ,
13th July, 2017, 12:24 AM

Straits Times Index – At A Pivotal PointsTI

We’ve been asked by many on our views on the straits times index or STI for short and thought we’ll just do a short sharing over here.

From our chart the immediate support of STI would be around 3200. Many eyes are on it and the moment it stays below that, it might attract  shortist to come in.

STI has been ranging between 3258 region and 3200 for the last 2 months with no real direction. So if a break were to occur this might set the tone for a pullback. The 20 days MA is sloping down and have cut the 50ma too which in a technical term means the direction might be down. This hasn’t occurred since late last year. Dow, Nasdaq all have been making new high but our Straits Times Index hasn’t seem to make any new high.

With each rebound STI can’t seem to break out too. So lets watch to see which levels play out. We got our next few levels of support drawn. And would be ready in the case if STI starts to fall. The 200ma would be our final support. The banks which have largely been supporting the STI also seems to be pulling back.

We’ll be using Poems CFD and did you know that poems is the only stockbroker in Singapore that offers the Straits Times Index for trading? =)

If you want to learn more about Poems CFD and how you can be trading the STI both long and short. Just click HERE as we’ll be having a seminar next Wednesday show casing our CFD and some of our strategies.  Hope to see you there.

Yours

Humbly

Kelwin&Roy

 

Capitaland – Where To Now?

Kelwin & Roy Capitaland , , , , , , , , , ,
5th July, 2017, 12:55 AM

Capitaland – Where To Now? capitaland

Capitaland a property stock has been testing the short term downtrend that we drew a few times and can’t seem to break out from it yet.

If it fails to break we might see it head down towards 3.45 and if that horizontal support breaks then we might eventually see 3.39.

If it breaks above the downtrend line then Capitaland might face a few hurdle to cross . One of which is the  50 days moving average and the other uptrend line we drew.  So a stop loss above 3.58 can be placed.

Yours

Humbly

Kelwin&Roy

 

Wheelock Properties – First Target Met

Kelwin & Roy Wheelock Properties , , , , , , , ,
11th June, 2017, 11:38 PM

wheelock

Wheelock Properties has reached our first resistance of 1.935 since we blogged on it last Tuesday . It broke its resistance of 1.895 and move up to 1.935. We would take some profit at 1.935 and hold some to see if it can break 1.935 to test 1.98.

Trading plan is important as we have talked about many times in our post. Using simple support resistance and support lines helps to guide our profit taking and stop loss.

Do contact us if you want to know more about having a trade plan and using trend lines to help sharpen your trading.

Yours

Humbly

Kelwin&Roy

Wing Tai – Flying High On Rumors?

Kelwin & Roy Wing Tai , , , , , , , , ,
9th June, 2017, 1:16 AM

Wing Tai – Flying High On Rumors?WingTai

Wing Tai was a property related stock which we brought to your attention just on Tuesday along side with Wheelock during our post. It had a nice run up of about 3.5% today which is very decent.

Whats the reason for that? Could it be the disposal of Winnanmax Investment to Xu Chang Co which was out on Tuesday?

Or could it be rumors of privatisation?? Either way lets look at the chart and play accordingly.

On Tuesday we mentioned to turn your attention to Wing Tai too as rumors could be going around for it to be privatize. The horizontal resistance of 1.945 was then broken on that day which was an entry point. It wasn’t the best closing on Tuesday but on Wednesday it did show some signs of recovery which eventually led to the nice movement today. Our next target might be 2.08.

If you were unsure of how to enter Wing Tai do CONTACT US and we’ll be happy to guide you along.

Yours

Humbly

Kelwin&Roy

 

Wheelock Properties – A Potential Candidate For Privatisation?

Kelwin & Roy Wheelock Properties , , , , , , , , , ,
6th June, 2017, 12:44 AM

Wheelock Properties – A Potential Candidate For Privatisation? wheelock

Wheelock Properties was covered in Phillip Capital research report of being a potential candidate for privatisation and more can be read here.

With rumors of privatisation let’s look at the chart and see how we can play to this rumor .

Wing tai could be another privatisation counter. So do take a look at it too.

For wheelock Properties its horizontal resistance is  at 1.895 and breaking above that might see it move higher to 1.935. 1.98 would be the swing high.

Some might say that the price is very high now so do ensure you got your proper stop loss in place. Managing your stop loss is of utmost importance.

A stop loss could be placed at 1.825. Remember trade management is key.

Yours

Humbly

Kelwin&Roy

Wilmar – Down It Goes

Kelwin & Roy Wilmar , , , , , , , , , , , ,
31st May, 2017, 11:38 PM

Wilmar – Down It GoesWilmar

Wilmar, a palm oil related stock which we blogged about just a day back came tumbling down today to hit a low of 3.52.

It broke below the horizontal support of 3.60 which we have drawn and went to as low of 3.52. Not bad in a day. But of course we always preach slow and steady. =) Wilmar has been down for a couple of days so do take note of that. Our target still stays at 3.48 but we’ll shift our stop loss lower now to 3.62 level. So worse case if wilmar rebounds we’ll break even.

The support will now be the resistance and we’ll add 1-2pip more just in case. We’re using Poems CFD to short the markets and not doing a naked short.

For those who has been asking how to use CFD to short, stay tune we’ll be calling for a seminar shortly.

Yours

Humbly

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

Keppel Corp – More Upside Possible

Kelwin & Roy Keppel Corp , , , , , , , , ,
8th May, 2017, 11:09 PM

Keppel Corp – More Upside PossibleKC

Keppel Corp has built a small base around the 6.47 area and started moving up. It moved up to its 20 days moving average and got resisted but we feel that there might be more upside possibility if this clears.

Keppel Corp could move up to its 50 days where the downtrend line is also. 6.8 is also the horizontal resistance. So if it reaches there then we’ll see how strong the movement could be and if its possible to break those lines.

Our stop loss could be at 6.46

Yours

Humbly

Kelwin&Roy

 

Sembcorp Marine – Down Today

Kelwin & Roy sembcorp marine , , , , , , , ,
19th April, 2017, 11:54 PM

Sembcorp Marine – Down TodaySMM

Sembcorp Marine been down 6% since it broke our support line of 1.83. It went to a low of 1.72 and rebound back to 1.74 just in a day after our post. Wow, that was fast. We hope our readers managed to learn something from this. =)

Sembcorp Marine saw an increased in volume today so we might see it trend lower in the coming days. It won’t be a in straight line and some rebound here might be expected with the downtrend line acting as the resistance.

We drew further support lines as our eventual targets and will update more when the time comes.

Congrats, you made it through mid week. Two more days to the weekend.

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