STI – 3249 Closed Right On Our Target, More Upside Might Be Possible

11th May, 2017, 1:10 AM

STI – 3249 Closed Right On Our Target, More Upside Might Be PossiblesTI

STI (Straits Times Index) hit our target and closed right on it since our blog post on 2nd may . Our next possible target could be 3288 area.Do remember to plan your trade and take profit along the way

Some have asked where and how to trade the Straits time index and we are happy to say that at poems is the only stock broker in singapore providing traders with the Straits Time Index CFD.

Just drop us a mail and we’ll be glad to show you how you can participate in this exciting index.

Yours

Humbly

Kelwin&Roy

Ezion – Floating Where Now?

27th April, 2017, 11:25 PM

Ezion – Floating Where Now? ezion

Ezion can be seen as a down trend stock and is below the 20 and 50 days moving average too.

It is currently sitting on the 0.32 horizontal support which is also around the downtrend line lower channel support. If the 0.32 horizontal support doesn’t hold again we might see further downside to 0.29 first . After which 0.265 might seem possible.

Oil prices are currently down so let’s see how it will affect our oil stocks and ezion  tomorrow.  Our stop loss could be at 0.35 or 0.36 which is above the 50 days moving average.

Yours

Humbly

Kelwin&Roy

 

YZJ shipping north?

9th January, 2017, 1:47 PM

yzj

Oil related and shipping counters seem to be moving up these days. We have been looking at YZJ and think that this counter might have more upside potential.

The 200 days exponential moving average and our downtrend line that we drew seems to be quite close at 0.86. We’re hoping for it to break and move higher to .088 then to 0.92.

We can put a stop loss at 0.82 .

Yours

Humbly

China Aviation Took Off?

9th January, 2017, 12:57 PM

cao

Following up from our previous post of CAO (http://singaporehumblestock.com/2017/01/china-aviation-flying-off/) which we posted just last thursday. The stock has moved up to a high of 1.49 in just two days but of course we believe in being slow and steady and not quick riches.

The next possible targets could be that horizontal resistance at 1.515 and then if that breaks above then to test the previous high of 1.575. Let’s see how it goes. And remember to protect your profits along the way too.

Yours

Humbly

China Aviation – Flying off??

5th January, 2017, 12:29 PM

cao

Does China aviation looks like its going to fly?? Now now, let’s not get too excited. Let’s look at the chart and see and plan for our trade.

Chain Aviation oil or CAO for short seen an increased in volume today after a few week of low volume. It is also currently testing the downtrend line which we drew for the third time. We might consider entering once it breaks above 1.44 with a stop loss of either 1.43 (very tight stop loss) or 1.385 or even when it breaks below the uptrend line of around 1.37. Of course then our position sizing would be different too. So remember to plan for your trade like how we do so that you won’t get a rude shock at the end of the day.

Cliche as it might sound, if you fail to plan you plan to fail.

Yours

Humbly

Phillip Securities (Poems) Cash Prepaid Custodian Account 0.12% or S$10

4th January, 2017, 3:16 PM

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Yours

Humbly

Alliance Mineral – More upside possibility ?

4th January, 2017, 2:47 PM

alliance-mineral-4-jan-2017

Alliance Mineral today broke above the 0.096 horizontal resistance and close with a bullish price action, above the 50 day moving average which is represented by the green line with today volume highest since mid December .

If the bullish momentum can continue , these signals may bring Alliance Mineral to the next possible upside resistance region between 0.103 -0.106.

Stop Loss may be placed at 0.092 ( tighter stop loss ) or 0.089 ( wider stop loss)

Yours

Humbly

 

Mermaid Maritime- Swimming down south??

19th December, 2016, 9:24 AM

mermaid

Mermaid had a nice rally but there seems to be some profit taking coming in and it broke the short term uptrend line. It got slammed down at closing to close at 0.15.

Our shorting entry would be below the horizontal support of 0.152 and the downside target might be at 0.141. The 20 days moving average might act as a first level of support.

Our stop loss can be 0.158 or 0.161. We would use poems CFD to short and not do a naked short.

Yours

Humbly

OCBC over ran?

16th December, 2016, 2:22 AM

ocbc

Banks have been having a good rally so far and a healthy correction would be good before it can move higher. OCBC has fallen out of its short term uptrend line and it tried to recover to the uptrend line but failed to do so there was also an increased volume yesterday.  IF it can’t break above the uptrend line we might see it head down towards its first support of 9.07 then $9 .

Yours

Humbly