Singapore stock blog

Capitaland Retail China Trust – [ Moved Up 6.5% After Our Post, Still Worth Looking At It? ]

Kelwin & Roy CapitaR China Tr , , , , , , , , ,
12th October, 2020, 7:00 AM

Capitaland Retail China Trust – [ Moved Up 6.5% After Our Post, Still Worth Looking At It? ] CapitaR China Tr 12th Oct 2020

Chart Source : Poemsview 12th Oct 2020

If you read our blog just last friday we mentioned CaptaR China Tr was a stock that we’re looking at given their new investment strategy and a good dividend yield with a strong sponsor.

Well, just within the day it shot up over 6.5% to reach a day high of $1.28 from the previous day close of $1.20. It’s pretty impressive if you ask us, given that its a reit and we wouldn’t expect to see such a spike up.

So some have been asking, can still buy?? Fundamentally nothing changed overnight and the company is still on track with their expansion so let’s take a look of it from a technical perspective.

CapitaR China Tr has broken out of its downtrend line with a healthy volume and is moving away from that. If you missed this breakout then maybe for a retracement might be an idea. A good retracement might be the test of $1.20 where one can look for some entry again.

There could be more upside room for CapitaR China Tr and you got to ask yourself if you’re comfortable with chasing the stock now.We have drawn the resistance

Our upside target are drawn on the chart and we’re intending for this is to a midterm trade rather than a short term trade.

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Yours

Humbly

Kelwin&Roy

Capitaland – [ Rebounding Off The Bottom, How Far More Can It Go? ]

Kelwin & Roy Capitaland , , , , , , , , , , ,
6th October, 2020, 3:45 PM

Capitaland – [ Rebounding Off The Bottom, How Far More Can It Go? ]Capitaland 6th oct 2020

 

Chart Source: Poemsview 6th Oct 2020

Capitaland part of the STI component stock had a nice rebound ever since we mentioned about its base building just last week. It has reached our target of $2.80 in less than a week and experienced some pullback after hitting the resistance. Property counters are generally lagging behind but with strong sales, could these counters start to pick up?

Using technical analysis, for now 2.80 shall be the resistance and if Capitaland can break that we might see it move higher to around $2.86-2.88 which is the 100ema and the horizontal resistance.

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Yours

Humbly

Kelwin&roy

Straits Times Index – [ Mid Day Updates, Looks Promising, Here’s Why! ]

Kelwin & Roy Straits times index , , , , , , ,
29th September, 2020, 2:40 PM

Straits Times Index – [ Mid Day Updates, Looks Promising, Here’s Why! ]Straits Times Index 29th Sept 2020

Chart Source : Poemsview 29th Sept 2020

Straits Times Index has broken out of its midterm downtrend line and also has broke above its 20ema.

From technical analysis point of view, these are some promising cues which might have more upside potential. What we’re looking at is for the Straits Times Index to close above this 20ema and stay above it for the next few days. That could possibly be a bullish signal for the markets. Take a look at our Riverstone post and what happens when it crosses the 20ema.

If we see our three local banks, OCBC and UOB are currently above the 20ema while DBS is still under. Do keep a watch for it as we previously posted on it too.

We have drawn some potential support and resistance should STI be able to stay above the 20ema. Let’s hope we can see 2546 first in the coming weeks.

Yours

Humbly

Kelwin&Roy

 

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ]

Kelwin & Roy Frasers Cpt Tr , , , , , , , , , , ,
2nd September, 2020, 3:59 PM

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ] Frasers Cpt Tr 2nd Sept 2020

Chart Source : poemsview 2nd sept 2020

Frasers Cpt Tr is currently up after having a run up since its consolidation for the last two months. A first sign of turing up came when we saw Frasers Cpt Tr started to break above its mid-term downtrend line. It was just a week ago that we alerted our EXCLUSIVE CLIENTS of this trade set up when it was trading at $2.46 for them to prepare and plan.

Since then it has moved up over 7% since our entry and we are glad of the results.  Suburban malls looks better set for recovery as this is usually served by residences more than tourist. As tourist are not allowed for now, malls in orchard would suffer the most as lesser tourist visit. Mapletree com is also another counter for the recovery story.

As for now, Frasers Cpt Tr might see a push towards $2.72 which is closing the gap and after that a rest might be good. Will update more once again.

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SATS – [ Let’s Review This Set Up Just Two Weeks Back]

Kelwin & Roy SATS , , , , , , , , , ,
25th August, 2020, 5:51 PM

SATS – [ Let’s Review This Set Up Just Two Weeks Back] SATS 25th aug 2020

Chart source: Poemsview 25th Aug 2020

SATS had some upside despite its net loss of $43.7m in 1Q20/21. This loss could be widely anticipated and it was in line with what analyst predicted. What was interesting again was that despite the negative news, SATS still climbed up yesterday.

It challenged the 50ema this morning, broke it and went to the next resistance. It has a nice upside of over 10%  since we spotted this 2 weeks back at $2.84

For now, analyst are mixed over SATS and most are anticipating some recovery with opening of some borders.

If you want to know how to swing your trade without having to go in and out. You may consider using Phillip CFD as one will not be pressured by time to sell off your position.

We use CFD in our trades to help us to swing our trade in order to ride the trend.

 

SATS – [ Moving Up From Yesterday’s Blog]

Kelwin & Roy SATS , , , , , , , , , , ,
13th August, 2020, 7:00 PM

SATS – [ Moving Up From Yesterday’s Blog] SATS 13th Aug 2020

Chart Source: Poemsview 13th Aug 2020

SATS continued its movement seeing close to a 3% upside move from yesterday’s close. This is higher than the movement of the STI. It reached the 50ema of around $2.90 which was a resistance we mentioned just yesterday! SATS couldn’t break above it which we kind of expected as this could be a strong resistance.

If it can consolidate around this range then it might be ready to take on the next level at $3.01.

We hope you learnt something from our sharing yesterday! 

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Kelwin&Roy

SATS – [ Spot Anything Interesting In The Chart? ]

Kelwin & Roy SATS , , , , , , , , , , ,
12th August, 2020, 7:05 PM

SATS – [ Spot Anything Interesting In The Chart? ] SATS 12th Aug 2020

Chart Source: Poemsview 12th Aug 2020

Let’s take a look at SATS, part of the STI component stock. It has once again caught our attention as it has form a small base and started to climb up. The hospitality  and aviation sector as we all know it is the weakest of all sector currently. So these plays are more suited for a rebound until a credible vaccine is found.

It tried to cross that downtrend line yesterday but failed to do so. Today it tried once again and it managed to cross and stay above the downtrend line. SATS also managed to stay above its 20ema another interesting point to take note.

The next resistance might be at the 50ema at around $2.90 first. From the chart we can see that the 50ema acts as a strong resistance and if SATS can break above this we might see some good upside.

Let’s keep watching it.

Yours

Humbly

Kelwin&roy

UMS -[ Mid-Day Updates ]

Kelwin & Roy UMS , , , , , , , , , , ,
4th August, 2020, 2:14 PM

UMS -[ Mid-Day Updates ]UMS 4th Aug 2020

Chart Source : Poemsview 4th Aug 2020

UMS finally broke out of the $1.02 horizontal resistance. Using technical analysis if UMS manages to stay above this level we might see $1.06 then $1.10 at the previous high which is drawn on the chart above.

We have seen a nice upside of over 10% for UMS since our alert to our EXCLUSIVE CLIENTS back in late July. It consolidated for the past and with an increased in volume today we might see higher upside in the coming days to weeks. Electronics stocks are also having some upside due to AEM’s blowout results and forward guidance.

Continue to stay alert!

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City Dev – [ A Bearish Trend Developing? ]

Kelwin & Roy City Dev , , , , , , , , , , , , ,
3rd August, 2020, 8:03 AM

 City Dev – [ A Bearish Trend Developing? ]City Dev 3rd Aug 2020

Chart Source: Poemsview 3rd Aug 2020

City Dev along with the other big property stocks like capitaland and UOL doesn’t seem to be performing well in the past week. It hasn’t been able to break that downtrend line and is currently resting on the horizontal support line.

With the current Covid situation, property developers might take a hit on all fronts with business slowing down in most sectors. City dev has development in many areas like residential properties, commercial, hotels which could take a hard hit during this Covid period.

If City dev breaks that horizontal support then we might see it move down to the next good support at around $7.65. The resistance would be at the downtrend line and a break above that might signal a good rebound.

Lets watch! We’re looking at more weakness first.

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Yours

Humbly

Kelwin&roy

 

Sheng Siong – See Our New Value Added Service For Our Clients

Kelwin & Roy Sheng Shiong , , , , , , , , ,
30th July, 2020, 7:59 AM

Sheng Siong – See Our New Value Added Service For Our Clients Sheng Siong 30th July 2020

Chart Source: Poemsview 30th July 2020

Sheng Siong just reported its results last night and it was an amazing set of results mainly driven by the elevated demand arising from Covid-19. Its net profit grew 150% and it declared an interim dividend of 3.5 cents per share.

In our bid to continue to value add to our clients, we have sent out charts which our clients have been asking so that the community as a whole can benefit. As you can see, Sheng Siong was one such stock which we shared with our community just two weeks back. We pointed out the various support and resistance for our clients to learn and understand. This enable a client to understand better and watch out for potential turning points too.

As for Sheng Siong now, immediate resistance is at $1.74 which might be reached today due to the good set of results. The next upside level might be $1.80.

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