singapore stock trading

Did You Notice This About These Two Banks?

Kelwin & Roy dbs , , , , ,
24th November, 2022, 11:50 PM

We have seen a good run up for the three local banks on better than expected results and on the back of rising interests rate. But can this run continue on forever? As we know, nope! There will be a time for a break and pullback and there is something we noticed.

DBS 24th Nov 2022

DBS, as we can see has been guided by the 5ema and 10ema. This moving average has been guiding DBS for the last month and has never closed below that BUT today at close, we can see that it has closed below the 5 and 10ema. Is this a sign of more pullback? We think its possible! Its good for the banks to pullback so that those who missed the rally can possibly re-enter. The initial support would be at the 20ema of around $34.75. The Next downside support would then be around $33.84 near the uptrend and horizontal support.  We can see the volume has increased for today too. This might also help support the downside. If you’re looking for a short candidate, this might be one counter. If DBS closes above $36 then this short trade would be invalid.

OCBC 24th Nov 2022

OCBC, also similar to DBS, it has closed below its 5 and 10ema which might signal more downside. An increased in volume might support the downside for OCBC too. It has closed below the short term uptrend line too and the first downside support is around the 20ema which is $12.26. If more weakness comes in then we might see $11.87 on the cards. A close above $12.60 would make the downside invalid. Remember, if you are looking to short always have a TRADE PLAN with a stop loss, entry and target price. Don’t naked short and one can consider using Poems CFD for short or even DLCs!

As for UOB, it hasn’t broke and close below its 5ema so until we see that, then some pullbacks will be on the cards.

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Yours

Humbly

Kelwin & Roy

 

Sembcorp Industries – [ Equity Fund Raising Dismissed ]

Kelwin & Roy Sembcorp Industries , , , , ,
23rd November, 2022, 4:26 PM

Sembcorp Industries 23rd Nov 2022

Sembcorp Industries has been of buzz recently as we saw it started to move from the $2.80 level from October onwards. SCI announced the acquisition of 830MW of renewable assets in China through a joint venture with SPIC. With every acquisition, it will come with some fear of fund raising as the company will need funds to proceed with the take over. The good thing is that management ruled out equity fund raising to finance these acquisitions which gave some boost to the share price.

With acquiring of Xingling New energy, this will help with SCI’s earnings in the future but all these will take time for the share price to reflect these earnings.

For a more shorter term outlook, we have actually alerted our clients twice over the last month when Sembcorp Industries was just trading at $2.88.

Sembcorp Industries has been very good to us as each time we sent an alert for it, we have hit the upside targets resulting in another profitable trade.

Our recent trade alert just sent out yesterday saw our upside target being hit in just one day! Sembcorp Industries displays a very nice trend and if you are able to catch it, you will be rewarded greatly!

So if you would like to receive such alerts, do CONTACT US  and you’ll get back to you as soon! You don’t want to miss out another alert.

Yours

Humbly

Kelwin & Roy

Are Electronics Stocks Rebounding?

Kelwin & Roy AEM , , , , , , ,
23rd March, 2022, 6:23 PM

Are Electronics Stocks Rebounding?

As market continue to roar back our local electronic stocks are looking back in play too.

These are four of the electronic stock that we’re looking at and one of it has already hit our first target.

UMS has built a nice base around the $1.10 level  and has seen a nice rebound. Current resistance at $1.22 which might see it break above in the coming days as momentum continues to build. There are some levels which we have drawn for the upside resistance!

 

AEM actually formed a double bottom around 4th march but due to the war in Ukraine and the rise in interest rates, we decided to hold back as there could have been more downside for AEM. But news of Temasek Holdings increasing their stake in AEM saw a gap up which we didn’t chase it. It crossed the 20ema which was a positive sign but as we were having a few more counters on hand, we gave this a missed! AEM does look like it has more room on the upside to that downtrend we drew and maybe even to $4.89. Volume is increasing which could help drive the momentum up.

 

Frencken hasn’t moved much and we’re looking at it with interest. =) Volume increased with a small bar! Watching out tomorrow.

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Wilmar – [$5 In Sight? ]

Kelwin & Roy Wilmar , , , , , ,
23rd March, 2022, 2:19 PM

Wilmar – [$5 In Sight? ]

Wilmar broke out of its $4.77 horizontal resistance line and moved up further. We’re seeing a re-test of this resistance turn support and if it manages to hold steady, we might see Wilmar testing the round number resistance of $5. There was a huge volume increase yesterday and with today’s pullback on lighter volume is considered healthy to us.

Wilmar has been a counter we’ve been eyeing since 2 months ago in Feb was it was just trading at $4.43. It has since then moved up over 10% and might be looking to challenge the $5 resistance which more profit taking might come in. Looking out for that!

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Yzj ShipBldg – [ What’s Next After A Long Consolidation ]

Kelwin & Roy Yzj Shipbldg , , , , , ,
2nd March, 2022, 5:51 PM

Yzj ShipBldg – [ What’s Next After A Long Consolidation ]

Chart Source: AdvisorXs 2nd March 2022

Yzj ShipBldg reported a good set of results and is backed by record order wins for 124 vessels, the group remains well-positioned to generate strong cash flows from operations.

It has actually consolidated for about 4 months and has finally broke out. Well, the good thing is we didn’t need to wait for that long as we were waiting for signs of activities before alerting our EXCLUSIVE CLIENTS. It came just 2 weeks back when we saw volume starting to pipe in and that’s when our EXCLUSIVE CLIENTS were alerted!

With such a long consolidation, we are looking for more upside even as both our upside target has been hit. A nice 5.5% upside has been achieved and we might see yzj Shipbldg still moving up in the coming days. $1.54 then $1.60 is our eventual target. Even despite the war that is happening, we’re glad that yzj still manage to hit our targets.

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Wilmar – [ Why It Could Move Higher ]

Kelwin & Roy Wilmar , , , , , , ,
16th February, 2022, 7:50 PM

Wilmar – [ Why It Could Move Higher ]

Chart source: AdvisorXs 16th Feb 2022

Wilmar has seen a move of  7% in just over a week since our alert to our clients. It was Wilmar’s turn to shine as inflation brings a rise in commodity prices and in turn commodity related counters. It is currently at some resistance of around $4.76 and a pullback is healthy. The lower end of this pullback might be around $4.55 before we see another push up.  The next upside resistance we might see is around $4.97.

In order to hold your trade longer at a fraction of the cost, a trader can utilize CFD to give his  or her trading a BOOST!

A reason why Wilmar might continue to see its price trend higher is that it had a long consolidation ever since October hovering around the $4 to $4.40 price range. It has now broken above this resistance and might be challenging the $5 mark in the coming weeks. Also, with inflation , commodity counters tend to perform well too.

As the year starts, fund managers are also looking to load up on quality blue chip to ride this inflation environment.

If you’re keen to know how to free up your capital and to trade on a lower capital,  then do join us in our upcoming WEBINAR where we’ll show you how to hold on to your winning trades in order to ride the trend!

Date: 17th feb

Time 8-9pm

Register HERE! 

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Yours

Humbly

Kelwin & Roy

Sembcorp Industries – [Heavy Volume Today, Still Can Chase?]

Kelwin & Roy Sembcorp Industries , , , , , , , ,
6th January, 2022, 5:04 PM

Sembcorp Industries – [Heavy Volume Today, Still Can Chase?]Sembcorp Industries 6th jan 2022

Chart source: AdvisorX 6th Jan 2022

Sembcorp Industries saw a big move today together with an increase in volume. This move came on an unexpected day where US closed red and more talks of a faster rate hike. Overall sentiments were negative but this came as a positive surprise as Sembcorp Industries was holding well. Big Chunks were eaten and if one was not fast enough then this might have been a missed trade.

From the above, we alerted our clients about a week back when Sembcorp Industries had a first break of its downtrend line at $2.02. We saw a nice 5% upside hitting our second target of $2.12 and then witnessing a pullback now. We probably wouldn’t want to chase this trade given the not so strong sentiments out there. In fact, this was one counter which we mentioned in our post previously to take note off, so hopefully most would have gotten in earlier. Taking some profits off the table might be wise given markets don’t have a strong follow through.

If Sembcorp industries manages to stay above $2.12 then we might consider a re-entry.

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UMS – [ Why We Did This Yesterday Only After Results ]

Kelwin & Roy UMS , , , , , , ,
16th November, 2021, 7:25 PM

UMS – [ Why We Did This Yesterday Only After Results ]

UMS just reported its results last Friday with an earnings of $15.1 million for 3QFY2021, up 17% y-o-y. For the nine months, earnings shot up by 43% y-o-y to $50.4 million to a record while revenue was up 53% y-o-y to $184 million.

The record numbers came from the strong growth in the global semiconductor industry.

After looking at the results, we decided to alert our EXCLUSIVE CLIENTS on this trade as we saw that UMS might have the potential to break that $1.42 horizontal resistance. Why didn’t we alert them earlier? The reason to this is simple, we don’t like TRADING over results as results could swing any way and also depends on how analyst see it, their forward statement which is too much to anticipate. But for investors it would be a different story. We hold until the fundamentals changes.

We have seen far too many stocks gapping down after results not matching up and traders getting stuck. We like to err on the side caution and wait for results to see if momentum continues. Don’t forget, UMS ran up before results and if results didn’t meet expectations…then bye bye. If you trade the US markets, you know how brutal it can be if results misses expectation, a drop of 20-30% is possible.

As UMS was consolidating for awhile, and a break above that $1.42 might spark a new wave up, so that  was one rationale on alerting our clients. Also, it reported a good set of results. We’re glad it has hit our first upside target of $1.48 and now we got a nice margin of safety.

UMS 16th Nov 2021

Chart Source: AdvisorXs 16th Nov 2021

From the chart above, we might see UMS move higher even to that upper channel of around $1.70. Of course, it won’t move in a straight line. =).

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Are Banks Back In Play?

Kelwin & Roy Stock Market , , , , , , , , , ,
14th October, 2021, 7:52 PM

Are Banks Back In Play?

Are banks back in play? Lets take a quick look at the charts to see if momentum to the upside has returned.

Lets take a look at OCBC first.

Chart source: AdvisorXs 14th Oct 2021

OCBC Bank has broken above its horizontal resistance of around $11.64 which our clients were alerted on. From there we can see if move higher to our upside targets. A new upside move might be in play as banks are starting to come back in play. The big banks in US are also reporting results this week which might give a boost to our Singapore side if results are good. Volume is also starting to return as traders are starting to come back to the bank counters.

We might see OCBC move up to around $12 which is the gap resistance and a break of that might see it push higher to $12.24.

UOB

Image Source: AdvisorXs 14th Oct 2021

UOB chart quite similar to OCBC’s chart as it broke above its horizontal resistance of around $26.34. Volume started to come in yesterday too as our three local banks started getting more attention. If this level is able to hold, we might see it move to $26.90.

DBS

DBS is the only bank that has yet to break out. Will it breakout soon? Is this on your watchlist? We have drawn our levels what we are targeting. What will your trade plan be like?

As we can see, momentum looks like its returning to the three local banks with DBS lagging behind. Will it catch up?

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IFast – [ Did You Miss It Again? Want To Be Included In Future?

Kelwin & Roy IFast , , , , , , , ,
12th October, 2021, 5:25 PM

IFast – [ Did You Miss It Again? Want To Be Included In Future? IFast 12th Oct 2021

Image source: 12th Oct 2021

Another spectacular run for IFast despite the markets being in the red. One of the rare few bigger cap counters that is in the green today. Part of the reason might be that it reported that under its advisory arm, the AUA has crossed over $1B, which is an increase of around 62% Y-O-Y, very impressive. That has probably gave a boost in the share price plus the chart which we mentioned just two days back also helped in the continual movement.

Now as traders and investors piled up on it and as we get more questions whether can enter or not? Well, we’re going to be honest and say that its not an easy question to answer as ALERT was sent out last Friday when price was just trading at $9.27. The risk has increased as the risk reward ratio is much lower now. Only if you’re a disciplined trader than finding an entry point might make sense. Staying above $9.72 might see IFast move higher as there looks to be more room on the upside in the coming weeks.

IFast has been an uptrend stock and probably one of the best uptrend stock for the SG market this year and is one of the stock that we alerted our client numerous times through out the year.  Did you miss this stock?

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