trendline analysis

Hi-P – A Little Too High?

Kelwin & Roy Hi-P , , , , , , ,
30th June, 2017, 8:48 AM

Hi-P – A Little Too High?

Hi-P June 2017
Hi-P June 2017

Hi-P a tech related stock tried to rebound after hitting the 50 days moving average support. It rebound and couldn’t close above the previous support which turned to a resistance now. It closed at 0.905 just at the resistance.

We’ll be looking for a short as long as Hi-P stays below 0.905 with a cut loss of 0.965 and with a possible downside target of 0.845 then 0.795. We’ll ensure that there is enough liquidity first.

We’ll be using poems CFD and not doing naked short.

Yours

Humbly

Kelwin&Roy

Alliance Mineral – Which Side Are You On?

Kelwin & Roy Alliance Mineral , , , , , , , , ,
14th June, 2017, 1:09 AM

alliance minerals

Alliance Mineral a lithium related stock and a stock that we been covering since Jan is seeing some interest today. It has seen an increased in volume today which is something to watch for.

Alliance Mineral is currently resisted by the downtrend line and we’re looking to see if it can break above that. If it can stay above 0.365 we might see more upside. Our stop loss would be around 0.31.

Note that Alliance Mineral is placed under the trading restriction of poems do trade with caution. Always be alert and ensure that whenever one trades he/she buys at comfortable level and have the ability to pay up in case anything happens.

Do contact us if you want to know more about trading restriction and how to have a safe trade plan.

Yours

Humbly

Kelwin&Roy

 

Wing Tai – Flying High On Rumors?

Kelwin & Roy Wing Tai , , , , , , , , ,
9th June, 2017, 1:16 AM

Wing Tai – Flying High On Rumors?WingTai

Wing Tai was a property related stock which we brought to your attention just on Tuesday along side with Wheelock during our post. It had a nice run up of about 3.5% today which is very decent.

Whats the reason for that? Could it be the disposal of Winnanmax Investment to Xu Chang Co which was out on Tuesday?

Or could it be rumors of privatisation?? Either way lets look at the chart and play accordingly.

On Tuesday we mentioned to turn your attention to Wing Tai too as rumors could be going around for it to be privatize. The horizontal resistance of 1.945 was then broken on that day which was an entry point. It wasn’t the best closing on Tuesday but on Wednesday it did show some signs of recovery which eventually led to the nice movement today. Our next target might be 2.08.

If you were unsure of how to enter Wing Tai do CONTACT US and we’ll be happy to guide you along.

Yours

Humbly

Kelwin&Roy

 

Wilmar – Dropping Near To Our Target

Kelwin & Roy Wilmar , , , , , , , , , , ,
8th June, 2017, 12:22 AM

Wilmar – Dropping Near To Our Target

Wilmar June 2017

Wilmar a STI Index stock was a stock we posted back on 29th May on our blog. Slow and Steady the way we like it and down she goes very near to our target of 3.48 now. A nice drop in two weeks. We have shown how we managed a trade and with our target in sight this is when we might consider taking some profit off the table .

Wilmar has also broken the 200ma which is a technically a bad sign and more downside might come. But we will stay vigilant and cover all the shorts if we spot some rebound coming. This can only be judged during the trading day and if you want to know more just contact us here

Yours

Humbly

Kelwin&Roy

Wheelock Properties – A Potential Candidate For Privatisation?

Kelwin & Roy Wheelock Properties , , , , , , , , , ,
6th June, 2017, 12:44 AM

Wheelock Properties – A Potential Candidate For Privatisation? wheelock

Wheelock Properties was covered in Phillip Capital research report of being a potential candidate for privatisation and more can be read here.

With rumors of privatisation let’s look at the chart and see how we can play to this rumor .

Wing tai could be another privatisation counter. So do take a look at it too.

For wheelock Properties its horizontal resistance is  at 1.895 and breaking above that might see it move higher to 1.935. 1.98 would be the swing high.

Some might say that the price is very high now so do ensure you got your proper stop loss in place. Managing your stop loss is of utmost importance.

A stop loss could be placed at 1.825. Remember trade management is key.

Yours

Humbly

Kelwin&Roy

Food Empire – Some Pullback Would Be Good

Kelwin & Roy Food Empire , , , , , , , ,
31st May, 2017, 11:59 PM

Food Empire – Some Pullback Would Be Good Food Empire

Food Empire an uptrend stock had a good run but we feel that some pullback would be good for this stock.

It has broken its short term uptrend line and today it broke its horizontal support of 0.725.

We’re looking at a possible downside to the 20ma or 0.67. Our stop loss would be at 0.785. Breaking that might see Food Empire continue its uptrend.

Remember we’ll use Poems CFD for short and not naked short.

Yours

Humbly

Kelwin&Roy

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

Wilmar – Palm Oil Stocks Are Down

Kelwin & Roy Wilmar , , , , , , , , , ,
29th May, 2017, 11:52 PM

Wilmar – Palm Oil Stocks Are DownWilmar

Wilmar is a palm oil stock that we’re looking at. Palm oil related stocks had some downside today. Stocks like First Res, golden agri and indoagri.

Wilmar tested its 3.60 horizontal support and recovered slightly. We’ll be watching it to see if 3.60 breaks in the coming days in order to consider a short. We’ll be using Poems CFD to open our short position as we would want to swing it down to 3.48 and then 3.43 if possible. Our stop loss would be at 3.69.

Yours

Humbly

Kelwin&Roy

Sembcorp Industries Ltd – More Upside Might Be Possible

Kelwin & Roy Sembcorp Ind , , , , , , , , ,
23rd May, 2017, 12:53 AM

Sembcorp Industries Ltd – More Upside Might Be Possible SCi

Sembcorp Industries is one of the many counters that we are looking out for.

It is currently resisted by the downtrend line that we drew and also by the horizontal resistance line at 3.23 . What we like is that there is an increase in volume, the moving averages seems to be sloping up and the 20ma might be cutting above the 50ma which is a good sign.

Another factor to take note is the upcoming opec meeting on 25th May. Where opec will decide if they will extend the output cut. Oil has been rebounding and that might be positive for our oil counters like sembcorp marine and keppel corp both of which we are looking with interest.

Though sembcorp industries is not a direct oil play. It could potentially benefit from the extension cut.

Our possible entry might be 3.24 with  a stop loss of 3.12 and a target of 3.35 first.

Yours

Humbly

Kelwin&Roy

China Aviation Oil – Broke Out!

Kelwin & Roy China Aviation , , , , , , , , , , ,
18th May, 2017, 11:41 PM

China Aviation Oil – Broke Out!CAO

China Aviation Oil broke out today  just after we blogged on it on Tuesday  News was out on Wednesday  after market hours that it will be included in the MSCI Singapore Small Cap Index effective on 31st May after market hours. More can be read here

We would shift our stop loss to around 1.66 now so that in the worse case we would still be breaking even. Being alert to take profit along the way is also important in case market turn.

Remember preserving capital in this market is key.

China Aviation Oil hit a high of 1.695 and of course we’re hoping that it can hit our first target of 1.72 which will put us in some nice profit. More volume came in today so hopefully that could lift this stock up in the coming days.

Yours

Humbly

Kelwin&Roy