singapore penny stocks

Artivision Tech – A Turn Around?

Kelwin & Roy Artivision Tech , , , , , , , ,
8th February, 2017, 10:25 AM

artivision

Artivision tech a micro penny stock listed on the catalyst has been gaining a lot of interest recently. The volume has been increasing the last few days and they would be holding an EGM this coming friday which could see some interest coming in too.

Mr Ching Chiat Kwong the boss of oxley increased his stake in the company through a placement of shares. With that many are wondering if he could turn the company around and inject new life into the business.

Will Artivision come to life and start a turn around? We’re looking at it and used the 200 exponential moving average and you can see that it’s acting as the resistance currently.

If Artivision manages to break above 0.025 we might see a further upside to about 0.0.29-0.03. This is a micro penny so do take note of it’s risk too ya. A stop loss for us would be around 0.017  If we believe in the turnaround then we might consider holding this stock and not trade it yet.

Yours

Humbly

Kelwin&Roy

Mermaid Maritime Swam Down

Kelwin & Roy Mermaid Maritime , , , , , ,
26th January, 2017, 12:48 AM

mermaid

Following up from yesterday’s post Mermaid took a dive this morning and to a low of 0.187. Once again we like to remind everyone that we like it slow and steady. =) So it’s a bonus that it went down abit more today. For now, mermaid is being supported by the 10 days exponential moving average which has been guiding mermaid. If it closes behind that in the next few days we could see mermaid hitting our target of 0.183. We can shift our trailing stop to 0.19 now.

There was an increased in volume today and it hit our middle trendline and recovered slightly. So let’s watch and see how it performs the next few days.

Yours

Humbly

Kelwin&Roy

Mermaid Maritime – Swimming to where?

Kelwin & Roy Mermaid Maritime , , , , , ,
25th January, 2017, 12:14 AM

mermaid

Mermaid Maritime had a nice run up to 0.205 recently but seems resisted by the trendlines we drew. It hit that upper trendline and started to retrace. We’re using the 10 days exponential moving average for this case, anyone wants to make a guess why?? Anyone wants to know why??

For now we feel that mermaid might need a rest. It is probably ranging from here to about 0.205.

It’s horizontal support is at 0.193 and if that breaks we might see it move to 0.19 then 0.183. If we’re shorting we would use Poems CFD and not do a naked short. Our stop loss will be 0.210 Do also take note of the risk in shorting a penny stock from our post sometime back. Do take a look ya.

Yours

Humbly

Kelwin&Roy