OCBC – [ Second Target Met, The Importance of Taking Profit]

19th February, 2019, 10:29 PM

OCBC – [ Second Target Met, The Importance of Taking Profit]OCBC 19th Feb 2019

Chart Source : Poemsview 19th Feb 2019

OCBC continued it move up today meeting our second target of $11.80 as blogged last night. What was interesting is that at around that point ($11.80) OCBC started showing weakness. The resistance at $11.80 proved strong and OCBC couldn’t break above that and succumb to profit taking.

Once again we’re glad that we alerted our EXCLUSIVE CLIENTS to also take some profit off the table since our second target has been met. Our EXCLUSIVE CLIENTS were alerted when OCBC was trading at $11.60 just LAST WEEK with an impending breakout and we’re glad our second target was met.

Reminder that OCBC results will be coming out very soon. Will this retracement be a chance for entry?

It is important to manage your trade and let your winning trade run while protecting the downside. Ever wonder how to come up with a sound and actionable trade plan?

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Yours

Humbly

Kelwin&Roy

OCBC- [ First Target Hit, Running Ahead Of Results, What Should We Do Now?]

18th February, 2019, 4:15 PM

OCBC- [ First Target Hit, Running Ahead Of Results, What Should We Do Now?]OCBC 18th feb 2019

Chart Source: Poemsview 18th Feb 2019

OCBC continues it move up as DBS released its set of results that was slight below analyst expectation. Despite the slightly lower expectation DBS managed to move up with some gains.

Focus is now on OCBC and UOB as they are slated to report their results on 22nd Feb before market open.

OCBC moved up this morning to our first target of $11.71 up from our entry at $11.59. A nice upside for our first target. Our second target is at $11.79. As results are coming out soon there are a few things to note.

  1. Be careful when trading near results as any surprise could mean an unexpected move in price
  2. Near Term resistance at $11.79-11.80
  3. Support at $11.35
  4. Forward statement of CEO would be crucial as a bleak outlook might cause a turn in trend.

Our EXCLUSIVE CLIENTS were alerted early in advanced in order for them to PLAN, PREPARE and PROCEED with ease. We’re glad that our first target has been met and we can be clear headed going into results.

What’s your trade plan for OCBC like?

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China Aviation – [ Will Our Third Target Be Met? ]

12th February, 2019, 5:41 PM

China Aviation – [ Will Our Third Target Be Met? ]China Aviation 12th Feb 2019

Chart Source: Poemsview 12th Feb 2019

China Aviation had a rocket start to the week jumping from $1.19 on Monday to a high of $1.32 on Tuesday and finally closing at $1.29.

Our EXCLUSIVE CLIENTS were alerted of China Aviation early in the morning when it was at $1.20. A nice side accumulation was happening over the last two weeks which led to a nice breakout and two of our upside targets of $1.25 and $1.29 being hit.

Our Third Target stands at $1.34 which is the upper band of the trendline resistance. China Aviation rallied 10% since our alert and hitting $1.34 would be a bonus, so protecting some profits is a wise move at this point of time.

The uptrend support continues to hold China Aviation and a break of that might signal a change of trend.

In fact just in Jan when China Aviation was trading around $1.07 we also ALERTED our EXCLUSIVE CLIENTS on it.

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UMS – [ UP 8%! Good Start To The Chinese New Year!]

8th February, 2019, 4:34 PM

UMS – [ UP 8%! Good Start To The Chinese New Year!]UMS 8th Feb 2019

Chart Source: Poemesview 8th Feb 2019

UMS had a great start after the Chinese new year and moved up to reach our second target of $0.665.

Since our entry in late January when UMS broke above its horizontal resistance at $0.62, UMS has seen a nice 8% upside to our second target of $0.665. We’re glad our EXCLUSIVE CLIENTS were alerted, so that they could Prepare, Plan and Proceed.

The upside is currently capped at around $0.675 which is the uptrend resistance line. A pullback might be an opportunity for a re-entry.

Where would the pullback be for a re-entry?

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Wilmar – [ Take Profit Before Profit Taking? ]

4th February, 2019, 12:03 PM

Wilmar – [ Take Profit Before Profit Taking? ]Wilmar 4th Feb 2019

Chart Source: Poemsview 4th Feb 2019

Wilmar part of the STI component and one of the few Palm oil related counters in Singapore reached our first resistance of $3.35 last thursday. It couldn’t break through that and succumbed to some profit taking.

It is important to know where the support and resistance for stocks so that a trader and plan and prepare before proceeding to enter a trade.

Our EXCLUSIVE CLIENTS were informed of that so they could PLAN, PREPARE and PROCEED knowing full well their stops and targets.

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YZJ Shipbldg – [ Steady Ship In A Turbulent Market]

29th January, 2019, 7:13 PM

YZJ Shipbldg – [ Steady Ship In A Turbulent Market] YZJ Shipblg 29th Jan 2019

Chart Source: Poemsview 29th Jan 2019

Yzj Shipbldg has seen it moved up steadily in the past two weeks. This is despite our markets going through some rough patches and volatile moments.

Yzj Shipbldg has weathered the storm and slowly inched up to reach our two targets despite weakness in the market.

Our EXCLUSIVE CLIENTS were informed just when Yzj Shipbldg broke out of its downtrend line of around $1.29 level. A nice 6% upside since entry can be seen and we’re glad we caught this upside.

As for now, Yzj Shipbldg is sitting on its uptrend line and a break of that might signal more downside. So we’re watching that uptrend line closely. The 5ema is also supporting Yzj Shipbldg for now.

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SIA Engineering – [ At Support Now, What Does The Chart Says? ]

28th January, 2019, 10:25 PM

SIA Engineering – [ At Support Now, What Does The Chart Says? ]SIA Engineering 28th Jan 2019

Chart Source: Poemsview 28th Jan 2019

SIA Engineering seen an increased in volume today and closed at its horizontal support of $2.50. A break below it might see more downside.

It is also currently supported by its short term uptrend which kind of coincides with the horizontal support. So if these break we’ll be watching for a short.

Want to learn how to short using Poems CFD? Instead of trying to bottom pick, a trader could use the downside to his advantage by shorting.

We’ll be having a CFD workshop to go through the usefulness of using this  instrument and how critical it is in the coming months.

It’ll be held this coming Wednesday (30th) Jan and more details can be found in the link below.

https://www.eventbrite.sg/e/skillfully-long-or-short-the-market-using-cfds-in-any-market-condition-tickets-55063997900

See you all there!

Yours

Humbly

Kelwin&Roy

Sembcorp Industries – [ A Quick Short After Breaking Down, At The Support Now? ]

24th January, 2019, 3:10 PM

Sembcorp Industries – [ A Quick Short After Breaking Down, At The Support Now? ] Sembcorp Industries 24th Jan 2019

Chart Source: Poemsview 24th Jan 2019

Sembcorp Industries currently one of the top losers in the STI component had some retracement after moving up since December.

In fact, looking back we’re glad we managed to catch that upside.

And for now as Sembcorp Industries hit some resistance it started to retrace and has now hit our first downside target of $2.62.

Our EXCLUSIVE CLIENTS were informed of this trade analysis for them to Plan, Prepare and Proceed.  Sembcorp Industries currently is at our short term uptrend line support, breaking it might see more downside.

What would your trade plan be?

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Venture – [ Hitting Resistance? What Does The Chart Say?]

23rd January, 2019, 3:21 PM

Venture – [ Hitting Resistance? What Does The Chart Say?]Venture 23rd Jan 2019

Chart Source: Poemsview 23rd Jan 2019

Venture part of the STI component stock moved up this morning but hit a roadblock at the $15.64 area. It didn’t manage to break that and started retracing.

Venture is on our watchlist as it might start to pullback since it can’t break the resistance.

Our uptrend line is drawn too as a support and if that breaks we might also see a pullback. Only thing about Venture is that its a relatively thin stock. So it can be quite volatile at times.

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Sembcorp Marine – [ Off To A Good Monday Morning! Our Next Target? ]

21st January, 2019, 10:23 AM

Sembcorp Marine – [ Off To A Good Monday Morning! Our Next Target? ]Sembcorp Marine 21st Jan 2019

Chart Source: Poemsview 21st Jan 2019

Sembcorp Marine was off to a good start bringing cheers to the start of a brand new week.

Sembcorp Marine moved up to hit our first target of $1.68 which is a 3% upswing from our entry of $1.63.

Our EXCLUSIVE CLIENTS were alerted of this trade analysis just last thursday for them to Prepare, Plan and Proceed. Oil prices has been climbing up steadily which is currently benefiting our oil counters in singapore.

Currently Sembcorp Marine is being resisted at $1.68. A strong close above that might see prices moving higher in the coming days. Don’t forget to keep an eye out on oil prices as an adverse move could have an effect on our oil counters. Our short term uptrend line is drawn too so we’ll know where the support is.

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