trendline analysis

Capitaland Retail China Trust – [ Moved Up 6.5% After Our Post, Still Worth Looking At It? ]

Kelwin & Roy CapitaR China Tr , , , , , , , , ,
12th October, 2020, 7:00 AM

Capitaland Retail China Trust – [ Moved Up 6.5% After Our Post, Still Worth Looking At It? ] CapitaR China Tr 12th Oct 2020

Chart Source : Poemsview 12th Oct 2020

If you read our blog just last friday we mentioned CaptaR China Tr was a stock that we’re looking at given their new investment strategy and a good dividend yield with a strong sponsor.

Well, just within the day it shot up over 6.5% to reach a day high of $1.28 from the previous day close of $1.20. It’s pretty impressive if you ask us, given that its a reit and we wouldn’t expect to see such a spike up.

So some have been asking, can still buy?? Fundamentally nothing changed overnight and the company is still on track with their expansion so let’s take a look of it from a technical perspective.

CapitaR China Tr has broken out of its downtrend line with a healthy volume and is moving away from that. If you missed this breakout then maybe for a retracement might be an idea. A good retracement might be the test of $1.20 where one can look for some entry again.

There could be more upside room for CapitaR China Tr and you got to ask yourself if you’re comfortable with chasing the stock now.We have drawn the resistance

Our upside target are drawn on the chart and we’re intending for this is to a midterm trade rather than a short term trade.

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Yours

Humbly

Kelwin&Roy

Capitaland Retail China Trust – [ Expansion Of Investment Strategy, Worth Looking At It?]

Kelwin & Roy CapitaR China Tr , , , , , , , , ,
9th October, 2020, 7:00 AM

Capitaland Retail China Trust – [ Expansion Of Investment Strategy, Worth Looking At It?]

Image: CapitaR China Tr presentation slides

Capitaland Retail China Trust or CapitaR China Tr for short is the first and largest China-focused Reit listed in Singapore. They have recently announced an expansion of investment strategy which is turning some heads.

Just a snapshot of what they’ll be doing, they’ll be looking into its investment strategy beyond the retail sector to include office and industrial assets (including business parks, logistics facilities, data centres and integrated developments.) With key focus on long term growth, diversification, resilience, sustainability and returns.

This also shifts its focus from a pure retail play to a more diversified China growth story and might be more attractive for investors, given retail is on a decline and online shopping is gaining strong momentum.

Furthermore data centre are a unique asset and moving into this class of asset is in the right step.

An insert from CapitaR China Tr’s presentation.

More of the presentation slides can be viewed HERE

Let’s take a look at the chart and look at it from a technical analysis perspective.

Chart Source: Poemsview 9th Oct 2020

CapitaR China Tr has actually broken out of its long term downtrend line with one of the biggest volume for the year. It has also broken above its horizontal resistance of $1.19. These are positive technical points for an entry.

It has been consolidating for about two months and so some upside might be expected. We have drawn the resistance levels and a good support should be around $1.10

Our concluding thoughts :

1. Its operating metrics turned positive in Aug and with recovery in sight, we might see more upside

2. Potential addressable pipeline close to $33bn  (from its sponsor CapitaLand)

3. Dividend yield of about 6% which is very decent in today’s market

4. Worth a look for your investment/dividend portfolio with a structured approach in scaling in.

Do contact us if you’ll like to know more!

Yours

Humbly

Kelwin&roy

 

Capitaland – [ Rebounding Off The Bottom, How Far More Can It Go? ]

Kelwin & Roy Capitaland , , , , , , , , , , ,
6th October, 2020, 3:45 PM

Capitaland – [ Rebounding Off The Bottom, How Far More Can It Go? ]Capitaland 6th oct 2020

 

Chart Source: Poemsview 6th Oct 2020

Capitaland part of the STI component stock had a nice rebound ever since we mentioned about its base building just last week. It has reached our target of $2.80 in less than a week and experienced some pullback after hitting the resistance. Property counters are generally lagging behind but with strong sales, could these counters start to pick up?

Using technical analysis, for now 2.80 shall be the resistance and if Capitaland can break that we might see it move higher to around $2.86-2.88 which is the 100ema and the horizontal resistance.

Don’t forget to follow us on Investingnote as we do post there frequently too.

Yours

Humbly

Kelwin&roy

Riverstone – [ Rebound Came After We Posted, What Are We Looking Out For Next? ]

Kelwin & Roy Riverstone , , , , , , , , ,
28th September, 2020, 6:58 PM

Riverstone – [ Rebound Came After We Posted, What Are We Looking Out For Next? ]Riverstone 28th Sept 2020

Chart Source: Poemsview 28th Sept 2020

Riverstone a glove related counter was a counter we posted on our blog before market open last friday (25th Sept) when it was at $3.49.  Once market open it slowly moved up and just one cent shy of our target $3.74, it touched $3.73 and started to have profit taking through the day.

It made a nice 6% upside in a day since it broke above the 20ema which we mentioned in our post too,  very decent if you ask us. =)

So what are we looking out for next? From the chart and using technical analysis,  $3.73-3.75 is a potential resistance for us. The short term support to us is the 20ema and that uptrend line we drew , which is round $3.53 level. If riverstone can maintain at this level and take out the resistance, we might even see $4.11 level.

Keeping our eyes on it.

Yours

Humbly

Kelwin&Roy

Glove Counters – [ More Rebound In Sight? ]

Kelwin & Roy Riverstone , , , , , , , , ,
25th September, 2020, 7:53 AM

Glove Counters – [ More Rebound In Sight? ]Riverstone 25th Sept 2020

Chart Source: Poemsview 25th Sept 2020

Just a day or two we saw glove counters gaining some strength as there were having a sideways consolidation. Cases are starting to rise again in the Western side like europe and this might have some positive effect on these glove stocks.

Glove counters like Top glove and UG healthcare have all broken above their 20ema and might see further upside in the near future. But we’re not super optimistic and might just want to be mindful for this as a rebound.  Now how about Riverstone?

Riverstone is currently pinned down by the 20ema and the downtrend line. If it manages to break and stay above that we might see a potential move up in the coming days. There has also been an increased in volume.

Keeping our eyes on it.

Yours

Humbly

Kelwin&Roy

Singapore Local Banks – [ Low Enough For A Rebound? ]

Kelwin & Roy dbs , , , , , , , , ,
24th September, 2020, 8:09 AM

Singapore Local Banks – [ Low Enough For A Rebound? ]DBS 24th Sept 2020

Chart Source: Poemsview 24th Sept 2020

Our three local banks has been on a downtrend for awhile due to the weaker economic data, bleak outlook and a low interest rate environment too. The downward pressure has been rather strong and the question is, is the end in sight? Also, as the three banks take up a rather big weightage in the STI, how the STI moves depends quite a bit on how these banks move too.

Let’s take a look at our first bank DBS.

From the chart, we MIGHT see a temporary short term support at around $19.50 area which is our horizontal support. A nice strong candle appeared yesterday and this bounce might take us to our downtrend line or maybe even to $20.60-20.80. From there on, downwards pressure might start to come back in.  A good level to start considering scaling in might be around $19.

 

OCBC 24th Sept 2020

OCBC similar to DBS has also seen some support at the horizontal support of around $8.38. If this bullish momentum can carry on we might see OCBC break out from that downtrend line and maybe even to $8.7 and $8.9 if market remains well. After that we might see downwards pressure coming  in. A good strong support might be at around $8.

 

UOB 24th Sept 2020

UOB is rather interesting. It actually broke the downtrend line, hover a few days and came down and actually tested the downtrend which became a support. The near term resistance might be $19.34 breaking which we might see $19.74 and maybe even $20.30. A good strong support is around $18.19.

Want to know more about our three local banks?

Just simply drop us a message and we’ll be happy to discuss more.

Yours

Humbly

Kelwin&Roy

Tencent (700.HK) – [ Covering Gap, What’s Our Next Upside Target? ]

Kelwin & Roy Tencent , , , , , , ,
15th September, 2020, 8:02 AM

Tencent (700.HK) – [ Covering Gap, What’s Our Next Upside Target? ]Tencent 15th Sept 2020

Chart Source: Poemsview 15th Sept 2020

Tencent (700.hk) needs little or no introduction is China’s largest game developer  and owns the China version of whatsapp WeChat. Its owner’s Pony Ma is the richest man in China surpassing Jack Ma.

Tencent is part of the HSI component and takes up close to 9.9% of the HSI component. So when tencent moves, it could bring the HSI along with it.

Tencent is one of the hot favourites for traders and investors and hence we covered it in our Value added service to our clients, creating more value for them.

This was just sent out monday morning before the HK market open so that our clients had time to digest the info. We’re glad Tencent went according to plan and covered the gap up to HK$533. Where are we targeting next? We have drawn possible support and resistance for our clients as a guide and educational purpose so that we can pass on our views and share information with them.

Drop us a message if you would like to find out more and learn how you can be included in our latest service to our clients.

Yours

Humbly

Kelwin&roy

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ]

Kelwin & Roy Frasers Cpt Tr , , , , , , , , , , ,
2nd September, 2020, 3:59 PM

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ] Frasers Cpt Tr 2nd Sept 2020

Chart Source : poemsview 2nd sept 2020

Frasers Cpt Tr is currently up after having a run up since its consolidation for the last two months. A first sign of turing up came when we saw Frasers Cpt Tr started to break above its mid-term downtrend line. It was just a week ago that we alerted our EXCLUSIVE CLIENTS of this trade set up when it was trading at $2.46 for them to prepare and plan.

Since then it has moved up over 7% since our entry and we are glad of the results.  Suburban malls looks better set for recovery as this is usually served by residences more than tourist. As tourist are not allowed for now, malls in orchard would suffer the most as lesser tourist visit. Mapletree com is also another counter for the recovery story.

As for now, Frasers Cpt Tr might see a push towards $2.72 which is closing the gap and after that a rest might be good. Will update more once again.

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Yours

Humbly

Kelwin&Roy

 

SATS – [ Let’s Review This Set Up Just Two Weeks Back]

Kelwin & Roy SATS , , , , , , , , , ,
25th August, 2020, 5:51 PM

SATS – [ Let’s Review This Set Up Just Two Weeks Back] SATS 25th aug 2020

Chart source: Poemsview 25th Aug 2020

SATS had some upside despite its net loss of $43.7m in 1Q20/21. This loss could be widely anticipated and it was in line with what analyst predicted. What was interesting again was that despite the negative news, SATS still climbed up yesterday.

It challenged the 50ema this morning, broke it and went to the next resistance. It has a nice upside of over 10%  since we spotted this 2 weeks back at $2.84

For now, analyst are mixed over SATS and most are anticipating some recovery with opening of some borders.

If you want to know how to swing your trade without having to go in and out. You may consider using Phillip CFD as one will not be pressured by time to sell off your position.

We use CFD in our trades to help us to swing our trade in order to ride the trend.

 

SATS – [ Moving Up From Yesterday’s Blog]

Kelwin & Roy SATS , , , , , , , , , , ,
13th August, 2020, 7:00 PM

SATS – [ Moving Up From Yesterday’s Blog] SATS 13th Aug 2020

Chart Source: Poemsview 13th Aug 2020

SATS continued its movement seeing close to a 3% upside move from yesterday’s close. This is higher than the movement of the STI. It reached the 50ema of around $2.90 which was a resistance we mentioned just yesterday! SATS couldn’t break above it which we kind of expected as this could be a strong resistance.

If it can consolidate around this range then it might be ready to take on the next level at $3.01.

We hope you learnt something from our sharing yesterday! 

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Yours

Humbly

Kelwin&Roy