singapore penny stocks

Penny Stocks – [ 4 Things To Look Out For When Trading Penny Stocks]

Kelwin & Roy Stock Market , , , , , , , , , ,
19th November, 2019, 7:52 PM

Penny Stocks – [ 4 Things To Look Out For When Trading Penny Stocks]

Image Source: SGX

Penny stocks in Singapore has seen a good run up recently. Stocks like Rex, y ventures, synagine, G inva and so many more have ran up more than 100% in price.

It is not difficult to see why seasoned traders and retailer traders like to trade them. Not only is it cheaper in price it also moves relatively fast. Quick and huge gains lure most traders in. Is trading penny really that good? Is it really that easy? What happens if the stock gets suspended like Alpha Energy or like Alita resources.

Well, for us here at Singaporehumblestock, we usually err on the side of caution and would just like to share a few pointers if you’re intending to trade penny stocks.

  1. Ensure you have enough funds to pick up the stock, don’t get over excited and trade over your limit
  2. Ensure you have a trade plan, no matter what people tell you, like trading any other stocks, ensure you got a clear entry, target and stop loss.
  3. Ensure that the company is stable, ensure no bad news, bad debts that they are unable to pay.
  4. Never use margin to trade pennies. This leverage might do you more harm than good. Especially if you over leverage which brings us back to our first point.

It is always good to have an extra pair of eyes especially if you’re trading penny stocks.

Feel free to CONTACT  US if you have any questions trading penny stocks.

Yours

Humbly

Kelwin&Roy

Rex Intl – [Due For A Pullback? What Does The Chart Says?]

Kelwin & Roy Rex Intl , , , , , , , ,
26th September, 2018, 10:03 PM

Rex Intl – [Due For A Pullback? What Does The Chart Says?]

Chart Source : Poemsview 26th Sept 2018

Rex Intl had a fantastic run from around $0.045 level to a high of $0.116. Very few would have thought that it could run that much. And to be honest, this huge run also took us by surprise too. A very rare penny stock to have made such a move.

Rex Intl had some news released regarding some interest for assets in Lime Petroleum and the better than expected results of the oil reservoir.  which might have been the reason for driving the price up.

With that we saw Rex Intl soaring through the roof and almost tripled in one month’s time. As of now, Rex Intl might seem overextended and a good healthy pullback might be good.

It has broken below its immediate uptrend line and also for the first time closed below its 5 days simple moving average. All these might suggest that some pullback might be due.

We’re putting our  first support at $0.1 and will update again. The current resistance might be at $0.116.

What’s your trade plan for Rex Intl?

Remember to always have have a trade plan before entering any position.

Don’t know how to develop a trade plan? Let us help you.

Simply Click Here and we’ll get back to you shortly on how to have a sound trade plan.

Yours

Humbly

Kelwin&Roy

Trendlines – [Trending Up??]

Kelwin & Roy Trendlines , , , , , , , , ,
23rd January, 2018, 4:23 PM

Trendlines – [Trending Up??]

Chart Source : Poemsview: 23rd Jan 18

Trendlines invents, discovers, invests in and incubates innovation-based medical and agricultural technologies. You can read more abuot them  HERE .

It is currently above the 200ma and above the downtrend line too. =) Might have more upside if it can stay above and our targets are drawn in the chart. One can put in the 20 and 50ma and see what that brings.

Support is around 0.149 or 0.147.  Will probably want to swing this trade.

Want to know more about trendlines analysis?

Open A Trading Account With Us and don’t miss out anymore. We got a team of top tier remisiers waiting to serve you.

Yours

Humbly

Kelwin&Roy

 

GKE Corp- On Our Watchlist Again

Kelwin & Roy GKE Corp , , , , , , , , ,
4th May, 2017, 11:13 PM

GKE Corp- On Our Watchlist AgainGKE

GKE once again back in our watch list after a nice run up since we blogged last month. GKE as you can see it resisted by the downtrend line which we drew.

Possible scenarios that could play out. It could retrace a little to the second support line of around 0.174 which we might consider an entry Or if it can breakout from that resistance line of about 0.183.

Support would be at 0.173

Our concern is that the simple moving average is kind of closing in together so it might signal a change in trend but if the price starts moving up then the SMA would start moving apart.

On the other hand the EMAs are still apart. So let’s watch it closely the next few days.

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

Alliance Mineral – All Charged Up

Kelwin & Roy Alliance Mineral , , , , , , , ,
23rd March, 2017, 11:50 PM

Alliance Mineral – All Charged Up alliance

Alliance Mineral , a stock that we have been bullish on and previously mentioned in our post on 1st March when it was at 0.21 cents. In fact back in early Jan when we first covered it it was only 0.096.  Hope our readers have benefit from this sharing our idea greatly.

Today Alliance Mineral moved up to a high of 0.31 cents but closed at 0.28 and we could call this a shooting star. The volume is one of the biggest from the past few weeks but price did not move up accordingly. A pull back might happen which in our view is a good thing which also means we could enter at a lower price in future. We have drawn our support lines and will wait till and see how it goes.

Alliance Mineral is of the hottest topic in the market now so do be a little careful as those who entered earlier might be wanting to take profit. Plan your trade carefully. We’ll update once again when we feel it’s a better time to enter.

Yours

Humbly

Kelwin&Roy

 

Alliance Mineral – Lithium Charged

Kelwin & Roy Alliance Mineral , , , , , , , ,
1st March, 2017, 11:37 PM

Alliance Mineral – Lithium Charged Allaince

Alliance Mineral was a stock we shared back in early January when it was around 0.096. It has since then ran up a lot to close at 21 cents.

Alliance Mineral does lithium mining and lithium has been in demand from usage in handphone batteries to batteries in electric cars. Recently Alliance Mineral has been running due to the recent finding in their western australian mine which is rich in lithium and tantalum having a significant value in today’s market. With Lithium being in demand this is one stock we want to look at for mid term .

We have drawn a few support and resistance zone The first resistance being 22 cents as it crossed 0.205 then after we might see 25 cents. We might want to look to enter on pullback and these are the support levels that we are seeing: 0.185 and0.167. This stock has crossed 20 cents so now each move up is significantly bigger so do take note of your risk.

Yours

Humbly

Kelwin&Roy