trendline analysis

Sembcorp Marine – Fought up to our target and more !

Kelwin & Roy sembcorp marine , , , , , , , ,
17th February, 2017, 10:18 PM

Sembcorp Marine – Fought up to our target and more ! Sembcorp marin

Sembcorp Marine related to the oil & gas sector saw a nice ride up this week. We posted it just a week back when we saw some strength as it still being supported by the 50 days moving average and the uptrend lines.

So what’s next for Sembcorp Marine since it has hit our target of 1.57? From the chart although it has broke through the resistance of 1.57 it didn’t manage to stay above it. We’ll need to see if it can stay above 1.57 if it does then we might see 1.60 .Also, don’t forget to shift your trailing stop loss up.  Slow and steady for sembcorp marine.

We hope our readers manage to learn and benefit from our sharing and had a great trading week. It’s time to take a break and have a restful weekend now. Recharge and be ready for next week.

Yours

Humbly

Kelwin&Roy

First Resources – Uptrend Intact

Kelwin & Roy First Resources , , , , , ,
16th February, 2017, 11:48 PM

First Resources – Uptrend Intact

first Res

First Resources is a palm oil related stock we been mentioning since January and has sinced moved up to the key resistance of $2.02. It has retraced back to the uptrend line and remained above it keeping it nicely intact. We can see that it has recently rebound from the 50 days simple moving average and the uptrend line too.

It has an increased in volume today and with palm oil rising First Resources might stand to benefit. Two things could happen.

  1. It could break out of the horizontal resistance of $2.02 and might move to $2.06 and higher
  2. It could hover here and test the uptrend support line and hopefully breakout of the range

So we’re watching to see if it can breakout and will put a stop loss at  1.96 or 1.94.

Yours

Humbly

Kelwin&Roy

Hong Leong Asia- Another 25% up since last blog post, Upward momentum to continue?

Kelwin & Roy Hong Leong Asia , , , , , , , ,
15th February, 2017, 12:05 AM

Hong Leong Asia- Another 25% up since last blog post, Upward momentum to continue?

Hong Leong Asia 14 feb 2017

Hong Leong Asia, which move up another 25% since we our last blog on 9 Feb on last thursday has been on a tear recently, breaking out of the 1.09 resistance level we mentioned and closing at 1.375 which is well beyond our target of 1.165 .

In fact the stock today’s closing price of 1.375 has represented a 38% increase since our first blog post on it on 2 feb. However We would like to remind our readers that such movement in a short period of time do not appear often , especially for a mid cap stocks like Hong Leong Asia. So do remember to be discipline in your trade plans.

Looking at the chart , Hong Leong Asia is now near its 1.40 resistance level, if it can break and stay above this level , the next possible upside resistance may be the 1.53-1.58 area , with a stop loss below 1.245 area . As the stop loss is pretty wide and the stock has moved up quite a lot , do remember to adjust your position size accordingly.

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

Noble Group – Reached our target and beyond, anymore?

Kelwin & Roy Noble Group , , , , , , ,
12th February, 2017, 10:32 PM

Noble Group – Reached our target and beyond, anymore? noble

Just under a week and noble group has hit our target of 0.186 from 0.175. A very decent since we mentioned it last week.  It  even moved up to a high of 0.193. We hope by sharing our thoughts and analysis on our trading blog everyone can learn something from it.

So where to now? We might see nobel group trying to reach the previous swing high of 0.205 as market seems to be in a frenzy. There was also a bigger volume that came in on friday so hopefully that helps to push it up. Don’t forget to shift your trailing stop up now.

We’re looking for noble group to stay above the horizontal resistance of 0.191 and with that 0.205 might be in sight in the coming weeks. We also would like to continue to remind our readers to remain cautious and remember your trade plan and stop loss and not go crazy with all the market frenzy. Trading plan and discipline still applies. =)

Have a blessed week ahead.

Yours

Humbly

Kelwin&Roy

 

Hong Leong Asia- Up 8% since last blog post

Kelwin & Roy Hong Leong Asia , , , , , , ,
9th February, 2017, 11:57 PM

Hong Leong Asia- Up 8% since last blog post

Hong Leong Asia 9 feb 2017

Hong Leong Asia , which triggered our entry setup at 0.995 last week on 3 Feb  , the next day after we blogged on 2 Feb , has had a pretty good run for the past one week rising beyond our targeted resistance of 1.04 and closed at 1.075 today, which is up about 8% since the entry setup was triggered.

In fact, it ran to a high of 1.115 on 7 Feb representing a increase of about 12%,  within 3 days after the entry setup was triggered.

Currently , it’s now above the 1.04 previous resistance now turn support area and below its short term resistance area of 1.09 , if it rises above the 1.09 resistance level and stay above it , the next possible upside resistance may be 1.165 region . However it break below 1.04 support area , the next possible support area will be 0.99 which was the previous breakout point .

Yours

Humbly

Kelwin & Roy

Artivision Tech – Turned up 25% in just a day

Kelwin & Roy Artivision Tech , , , , , , ,
8th February, 2017, 7:35 PM

artivioisn

 

Artivision Tech had a wonderful run this afternoon. The resistance was at 0.024-0.025 while we were blogging about it in the morning. Why did we use that instead of the 200 days simple moving average? Drop us an email and we’ll be glad to explain.

Artivision Tech rushed up 25% in just a day from where we spotted it this morning up to a day high of 0.032  but of course we would like to caution our readers not to hope for such returns everyday..Slow and steady wins the race. =) Market has many micro pennies running so don’t jump in without a proper plan if not one might end up getting hurt instead.

So what now for artivision? Huge volume is in this stock now and if Artivision Tech manages to stay above 0.03 we might see 0.036 ( the horizontal resistance ) in the coming days . The catalyst could be the upcoming EGM on friday

So if you didn’t manage to enter and are asking how now? Where would be a good point to enter? Drop us a mail. We’ll explain it to you.

Yours

Humbly

Kelwin& Roy

Artivision Tech – A Turn Around?

Kelwin & Roy Artivision Tech , , , , , , , ,
8th February, 2017, 10:25 AM

artivision

Artivision tech a micro penny stock listed on the catalyst has been gaining a lot of interest recently. The volume has been increasing the last few days and they would be holding an EGM this coming friday which could see some interest coming in too.

Mr Ching Chiat Kwong the boss of oxley increased his stake in the company through a placement of shares. With that many are wondering if he could turn the company around and inject new life into the business.

Will Artivision come to life and start a turn around? We’re looking at it and used the 200 exponential moving average and you can see that it’s acting as the resistance currently.

If Artivision manages to break above 0.025 we might see a further upside to about 0.0.29-0.03. This is a micro penny so do take note of it’s risk too ya. A stop loss for us would be around 0.017  If we believe in the turnaround then we might consider holding this stock and not trade it yet.

Yours

Humbly

Kelwin&Roy

Noble – Rising Volume

Kelwin & Roy Noble Group , , , , , , ,
5th February, 2017, 10:28 PM

noble

Noble group a well traded stock in the singapore market saw a bit of interest on friday

We’re keeping a close eye on noble group as there was an increased in volume on friday as it tried to rally to the uptrend line. As you can see from the chart, it’s trying to break above the uptrend line but closed just nice at it . It is also at the horizontal resistance of 0.175. Furthermore it is also testing the downtrend line so a break above and staying above 0.175 might see some upside to 0.183 and to 0.186 if possible.

Our entry might be 0.176 and stop loss at 0.168. Risk reward is good we feel. Noble might be reporting their results around 22nd-24th feb. So do take note of that.

Yours

Humbly

Kelwin&Roy