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First Resources – First Target Reached and Beyond

Kelwin & Roy First Resources , , , , , , ,
19th January, 2017, 10:54 PM

First Res

First Resources just posted last night and it had an excellent run this morning. Of course once again we would like to remind our readers that not every stock runs like this and we can’t expect every stock to run that much. Slow and steady we emphasize. =) Hope you all managed  to benefit and learn something from our sharing.

First Resources does have a history of moving up for a few days so let’s see if that will happen. For now First Resources is currently at its horizontal resistance of $2.02. It hit there and pulled back and closed exactly at $2. A nice round number. We’re looking to see if it can break $2.02 and it might trade up to test  2.06 then eventually $2.12 Remember to shift your trailing stop up ya.

Yours

Humbly

Kelwin&Roy

First Resources – first thing to note

Kelwin & Roy First Resources , , , , ,
18th January, 2017, 10:20 PM

First Res

Looking at First Resources the first thing to note that its now testing the downtrend line for the third time and has seen an increase in volume today too.  Palm oil related counters like wilmar had a good run today too.

How we’ll trade this is to wait for it to breakout of that trend line convincingly then we’ll consider an entry . Another good point is that it closed above it’s 50 days moving average too. Our stop loss would be at 1.89 . And we would consider using Poems CFD to ride this position if we’re right to 1.97 first then move up our trailing stop.

Yours

Humbly

Kelwin&Roy

China Aviation – Where to now?

Kelwin & Roy China Aviation , , , , ,
18th January, 2017, 9:22 PM

CAO

Following up from our previous post on China Aviation as it took off from 1.44 and now at 1.54.

Some of you have been asking how trade a stock like this as this run has exceeded the contra period and may we suggest using CFD. Poems CFD has a wide range of stocks and china aviation is one of them. With that you simply have to pledge a certain percentage of margin and you’ll be able to hold your position for a longer time in order to swing for a potentially higher profit.

So where might CAO move to? We are looking at a retest of the high of 1.58 and if that breaks convincingly then one can look to add position. Remember to move up your trailing stop loss to 1.52

Yours

Humbly