Stock Blog Singapore

The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , , ,
19th February, 2023, 8:00 AM

Markets played out towards our downside bias view as concerns about China’s spy balloon, inflation numbers all led to market coming off for the week. Adding to the pressure, the 10 year treasury yield is starting to bounce up.

If the 10 year breaks out of the 3.9% we might see markets, especially the Nasdaq pulling back even more. Overall, we might continue to see markets pulling back more in the coming week. So head over to our Facebook to know more about the levels.

STI

Straits Times Index 18th Feb 2023

STI has also come down to our expected support level at 3271 which we mentioned last week. Ever since hitting that, we saw some bounce but this bounce could be short lived to around 3336 before we see if come back down. Banks continue to lead the direction as we saw DBS leading the initial gains before profit taking set in after its results. UOB, OCBC will be reporting their results this week on 23rd and 24th Feb respectively. We could see another sell down as traders who bought before results might sell after results are released .

HSI

Hang Seng Index 18th Feb 2023

HSI also saw a pullback which we are excited about as this gives us an opportunity to continue to build our position in the Hang Seng. The HSI has pull backed about 8% from its high and we have gone in one batch for our investors. HSI might continue to pullback to close to 20K level which will present any opportunity. The Downtrend resistance line is currently blocking the index from moving higher and once we get a break of that, then we might see the uptrend resuming. Tencent which has been leading the charge for the index has for the first time see it close below the 20ema! This could signal more downside for the markets!

Do head to our Faceboook page https://bit.ly/singaporehumblestockweekahead13feb23 to get more updates on the S&P500 and Nasdaq100.

Yours

Humbly

Kelwin& Roy

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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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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CapitalandInvest (9CI) – [New HIGH For the New Year! Our Next Target?]

Kelwin & Roy Capitaland Invest , , , , , , , , ,
4th January, 2022, 5:12 PM

CapitalandInvest (9CI) – [New HIGH For the New Year! Our Next Target?]

Capitaland invest 4th Jan 2022

Chart Source: Tradingview.com

Great start to the new year as we saw Capitaland Investment Ltd making a new high today! It had consolidated more than 2 months and finally shown a great move! Another catalyst might be a local brokerage has reinitiate ‘buy’ on Capitaland Invest with a $4 target. And why are with happy with that? Simple, as we saw movement in Capitaland Invest, watching it break the downtrend line, we notified our Clients about this. We’re glad that with the observation it finally moved up after such a long consolidation. As Capitaland Invest is part of the STI component, that is why we’re seeing the STI moving higher together with the banks.

Our first two upside resistance target has been met and our third one might be around $3.78 area. Its about 24 cents from the previous resistance and the previous support. So we might see more upside in the coming days.

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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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Wilmar – [ Back In Play? ]

Kelwin & Roy Wilmar , , , , , , ,
11th October, 2021, 7:28 PM

Wilmar – [ Back In Play? ]Wilmar 11th Oct 2021

Chart source: AdvisorXs 11th Oct 2021

Wilmar finally saw life after drifting lower for about 6 months since April. It finally broke its 50ema and from the chart you can see that it hasn’t happen for the last 6 months! So when that happen , you can guess what we did! Yup, our EXCLUSIVE CLIENTS were alerted of it! SEE BELOW! ⬇

A Gap up happened the next day and we saw a nice 5% upside since our entry! It was very near our SECOND TARGET but it started to retrace. What’s healthy is that the fast moving averages are starting to slope up, the 5ema is above the 20ema which might start to indicate a trend reversal. We’re still early in a trend reversal so its not all clear skies yet. A retracement back to around $4.20 is fine but if it goes back down to around $4 then that’s worrying.

Commodities counters are in play, so hopefully this brings some positive sentiments to Wilmar too.

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IFast – [ Will It Retest The High? One Of The Best Uptrend Stock For The Year]

Kelwin & Roy IFast , , , , , , ,
8th October, 2021, 5:11 PM

IFast – [ Will It Retest The High? One Of The Best Uptrend Stock For The Year]

Ever since IFast made a new high of $10.10 it started to retrace and being an uptrend stock, we were waiting for an opportune time to seek another entry. And the day came and it was today! As we saw volume coming in, a break of the 20ema and we immediately alerted our EXLCUSIVE CLIENTS! Judging from its chart pattern, IFast usually  have another one-two more day of move up before it takes a break. So fingers crossed that it’ll reach our second target of $9.72 and if we can overcome the resistance of $9.77 we might see a re-test of  the all time high of $10.10. It has currently closed at the short term downtrend and if it can stay above that, our targets might be met soon. =)

IFast 8th Oct 2021

Image source: AdvisorXs 8th Oct 2021

IFast has been on an uptrend and possibly the best uptrend stock in Singapore market for this year. We have alerted our EXCLUSIVE CLIENTS numerous times throughout this year with the earliest being right at the start of the year when it was just trading at $3.11!  In fact it was our first alert for the year! The latest being just in Sept when it was at $8.49 before shooting up 🚀to $10.10!

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Q&M Dental -[ Another Covid Play, Another Target Hit]

Kelwin & Roy Q&M Dental , , , , , , ,
7th October, 2021, 7:25 PM

Q&M Dental -[ Another Covid Play, Another Target Hit]

image source: Q&Mdental.com

When was the last time you went to the dentist, if you’re like me afraid of the dentist then the answer would probably be very very long ago.HAHA! Well, the last time I went to the dentist was 8 years ago. 😁 But did you know that Q&M Dental not only does dental work, it is now involved in Covid work.

Q&M, which was awarded a tender by the Health Promotion Board in May 2021 to provide Covid-19 swab and testing services. Daily lab tests will also increase and with the increase in cases revenue is expected to increase for the group. This is an additional new revenue stream for the group.

As this counter corrected about 20% we were waiting for an opportunity for an entry and yes it came!!

Just this week on Monday, we saw an increase in volume and a break of its downtrend line. And yup, our EXCLUSIVE CLIENTS were alerted of it!

And in just three days we saw two of our targets being hit! A nice 6% for three days. The increased in volume is healthy and we might see the next target of $0.625 being hit in the next couple of days. Will update if it hits there. So stay tune for our next target.

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Raffles Medical – [ Increase Testing for PCR Swab Due To Increase Cases And What It Means For The Stock Price?]

Kelwin & Roy Raffles Medical , , , , , , ,
30th September, 2021, 7:03 PM

Raffles Medical – [ Increase Testing for PCR Swab Due To Increase Cases And What It Means For The Stock Price?]

Image source: Rafflesmedicalgroup.com

Its been a tough and rough few weeks for many as not only did the markets were choppy, Singapore saw its record number of covid cases surpassing the 2000 mark. But Raffles Medical bucked the overall trend and continued its move up.  The increase in testing benefits the group and also the spillover of patient from the public hospitals as hospitals are coming under pressure. At the same time, as air travel increase, Raffles Medical stand to benefit from its PCR test from incoming passengers. Brokerage houses are also increasing its target price for this counter.

Raffles Medical 30th Sept 2021

On the back of strong demand, this has led to an increase in the stock price. We have first observed a break of the downtrend line which we drew and follow up to alert our EXCLUSIVE CLIENTS. In just a week’s time  we have seen it hit our first target of $1.46 and it closed right at our resistance point. If it manages to break and stay above $1.46 we might see our next target of $1.51.

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Olam – [ Two Hits In Two Months, Looking Good? ]

Kelwin & Roy Olam , , , , , , , , ,
22nd September, 2021, 10:48 PM

Olam – [ Two Hits In Two Months,Looking Good? ]

One of the rare few blue chip counters that is up today and we’re glad we managed to catch it. In fact we caught Olam a couple of times in the last few months as there was more activity in this counter. From the chart, it has reversed from its short term downtrend and closed above its 20ema. Volume has increased and its a bullish candle which is positive to us.

Olam 22nd Sept 2021

The current resistance is around $1.71 and breaking that might see more upside to $1.80.

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Yours

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Kelwin&Roy