trailing stop

Wilmar – Down It Goes

Kelwin & Roy Wilmar , , , , , , , , , , , ,
31st May, 2017, 11:38 PM

Wilmar – Down It GoesWilmar

Wilmar, a palm oil related stock which we blogged about just a day back came tumbling down today to hit a low of 3.52.

It broke below the horizontal support of 3.60 which we have drawn and went to as low of 3.52. Not bad in a day. But of course we always preach slow and steady. =) Wilmar has been down for a couple of days so do take note of that. Our target still stays at 3.48 but we’ll shift our stop loss lower now to 3.62 level. So worse case if wilmar rebounds we’ll break even.

The support will now be the resistance and we’ll add 1-2pip more just in case. We’re using Poems CFD to short the markets and not doing a naked short.

For those who has been asking how to use CFD to short, stay tune we’ll be calling for a seminar shortly.

Yours

Humbly

Kelwin&Roy

Noble Group – Reaching our next target

Kelwin & Roy Noble Group , , , , , , , ,
13th February, 2017, 11:02 PM

Noble Group – Reaching our next target

noble

Noble Group moved up once again from our posting last night to a day high of 0.199 and is closing in to our target of 0.205.

There was news out that China Sinochem  is in early talk with Noble Group to buy a stake in it. Could this be the catalyst to push noble higher? We shall wait and see. From the chart 0.205 would be the fourth time it is being tested and there might be a good chance it could break out. We’ll be looking at the overall volume to see how  strong this breakout could be. If it’s successful, we might eventually see 0.245.

Lastly, do remember to protect your profit and shift your trailing stop higher to 0.193-0.194. Will continue to update along the way.

Yours

Humbly

Kelwin&Roy

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