singapore trading blog

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

STI- The Start Of A Correction?

Kelwin & Roy STI , , , , , , ,
19th April, 2017, 12:11 AM

STI- The Start Of A Correction?sTI

The Straits Time Index or STI for short has once again fallen below the 20days moving average. From our previous post on STI about a month back it broke the 20ma but managed to recover soon after. This time round things might look a little different.

From a technical perspective, the 20ma and 50ma looks like its getting closer (which is not a good sign) and the 20ma looks like its sloping down too. It is currently at around the 50ma and the horizontal support and if those break we might see if slowly fall towards 3070 area.

Geopolitical issues between North korea and US are taking headlines. But could there be more issues than that? We’re watching and ready for the next move to come.  Goldman Sachs had an earning miss what would happen if more companies start to miss their earnings?

May is also round the corner and there is a saying sell and Go Away in May. Will that come true for this year? No one knows so let the chart tell us.

Our stop loss would be 3163 or 3190. Will update more when the time comes.

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

SembCorp Marine – Holding Up Well

Kelwin & Roy sembcorp marine , , , , , , , ,
9th April, 2017, 11:31 PM

SembCorp Marine – Holding Up WellSMM

Sembcorp Marine is now on our radar and is a stock that we’ll be watching for the coming week. It’s been holding up well for the past week at around the horizontal support of 1.83.  It is currently being resisted by the downtrend line and nearing the end of it. We’re keeping track of it to see if it can breakout of it.

We’re hoping for a breakout in the coming days but if the support of the 1.83 doesn’t hold then we might turn the opposite direction. Our entry point would be above the downtrend line.

It will be a shorter week this week with only 4 trading days  as friday is Good Friday. Have a blessed week ahead.

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

Noble Group – Moving Up?

Kelwin & Roy Noble Group , , , , , , , ,
29th March, 2017, 1:23 AM

Noble Group – Moving Up? noble

Noble Group has came down since our last blog post on it in end feb when we were mentioned that it has hit the resistance. It went down below what we expected but seem to built a base around the 0.183 region. It has since then started to move up slightly.

Noble has caught our attention once again and it looks like it might try to make an upwards movement towards 0.20-0.21.  Our stop loss would be at 0.183 level. If it breaks 0.183 level then we might expect more downside.

There are some announcement on Noble Group which you can read over here regarding their Share consolidation and their 2016 annual report.

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