trendline analysis

SATS – [ Spot Anything Interesting In The Chart? ]

Kelwin & Roy SATS , , , , , , , , , , ,
12th August, 2020, 7:05 PM

SATS – [ Spot Anything Interesting In The Chart? ] SATS 12th Aug 2020

Chart Source: Poemsview 12th Aug 2020

Let’s take a look at SATS, part of the STI component stock. It has once again caught our attention as it has form a small base and started to climb up. The hospitality  and aviation sector as we all know it is the weakest of all sector currently. So these plays are more suited for a rebound until a credible vaccine is found.

It tried to cross that downtrend line yesterday but failed to do so. Today it tried once again and it managed to cross and stay above the downtrend line. SATS also managed to stay above its 20ema another interesting point to take note.

The next resistance might be at the 50ema at around $2.90 first. From the chart we can see that the 50ema acts as a strong resistance and if SATS can break above this we might see some good upside.

Let’s keep watching it.

Yours

Humbly

Kelwin&roy

Hi-P – [ High Enough? ]

Kelwin & Roy Hi-P , , , , , , , , , ,
5th August, 2020, 7:05 PM

Hi-P – [ High Enough? ]Hi-p 5th Aug 2020

Chart Source: Poemsview 5th Aug 2020

Hi-P finally moved today after a week’s consolidation. It was slightly lagging behind some of the Electronic play like UMS and AEM and when the time came we finally rotated to it.

From a technical analysis point of view,  we saw it being well supported by the 5ema and the uptrend line A nice consolidation was taking place too. It was holding well at support and hence we alerted our EXCLUSIVE CLIENTS on this analysis.

We’re glad Hi-P hit our first target of $1.37 up over 3.7%  intraday and even continued up to $1.40. It closed right at our resistance point and now if Hi-P can close above this we might see our next upside target of $1.42 in the next few days.

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UMS -[ Mid-Day Updates ]

Kelwin & Roy UMS , , , , , , , , , , ,
4th August, 2020, 2:14 PM

UMS -[ Mid-Day Updates ]UMS 4th Aug 2020

Chart Source : Poemsview 4th Aug 2020

UMS finally broke out of the $1.02 horizontal resistance. Using technical analysis if UMS manages to stay above this level we might see $1.06 then $1.10 at the previous high which is drawn on the chart above.

We have seen a nice upside of over 10% for UMS since our alert to our EXCLUSIVE CLIENTS back in late July. It consolidated for the past and with an increased in volume today we might see higher upside in the coming days to weeks. Electronics stocks are also having some upside due to AEM’s blowout results and forward guidance.

Continue to stay alert!

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City Dev – [ A Bearish Trend Developing? ]

Kelwin & Roy City Dev , , , , , , , , , , , , ,
3rd August, 2020, 8:03 AM

 City Dev – [ A Bearish Trend Developing? ]City Dev 3rd Aug 2020

Chart Source: Poemsview 3rd Aug 2020

City Dev along with the other big property stocks like capitaland and UOL doesn’t seem to be performing well in the past week. It hasn’t been able to break that downtrend line and is currently resting on the horizontal support line.

With the current Covid situation, property developers might take a hit on all fronts with business slowing down in most sectors. City dev has development in many areas like residential properties, commercial, hotels which could take a hard hit during this Covid period.

If City dev breaks that horizontal support then we might see it move down to the next good support at around $7.65. The resistance would be at the downtrend line and a break above that might signal a good rebound.

Lets watch! We’re looking at more weakness first.

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Yours

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Kelwin&roy

 

Sheng Siong – See Our New Value Added Service For Our Clients

Kelwin & Roy Sheng Shiong , , , , , , , , ,
30th July, 2020, 7:59 AM

Sheng Siong – See Our New Value Added Service For Our Clients Sheng Siong 30th July 2020

Chart Source: Poemsview 30th July 2020

Sheng Siong just reported its results last night and it was an amazing set of results mainly driven by the elevated demand arising from Covid-19. Its net profit grew 150% and it declared an interim dividend of 3.5 cents per share.

In our bid to continue to value add to our clients, we have sent out charts which our clients have been asking so that the community as a whole can benefit. As you can see, Sheng Siong was one such stock which we shared with our community just two weeks back. We pointed out the various support and resistance for our clients to learn and understand. This enable a client to understand better and watch out for potential turning points too.

As for Sheng Siong now, immediate resistance is at $1.74 which might be reached today due to the good set of results. The next upside level might be $1.80.

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Wilmar – Updates On China’s Listing, Price Started To Move Up, Next Resistance?

Kelwin & Roy Wilmar , , , , , , , , , , ,
28th July, 2020, 6:53 PM

Wilmar – Updates On China’s Listing, Price Started To Move Up, Next Resistance?Wilmar 28th July 2020

Chart Source: :poemsview 28th july 2020

Wilmar continued its move up today partly because of some updates released regarding its China’s IPO. More about the updates can be read HERE. From our previous post, we mentioned that Wilmar might see a move up to $4.46 which is our second target. We’re glad it hit it which gave us a nice 5% upside in less than a month.

The volume traded for Wilmar is higher than the last few weeks and if Wilmar manages to stay above $4.46 we might see it move higher in the coming weeks. We’re looking at around $4.59 in which you’ll have to zoom out of the chart in order to see it. If Wilmar break below that uptrend line our upside target might not hold.

Stay alert and let’s watch!

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UMS – Watching For The Next Break If You Missed The First!

Kelwin & Roy UMS , , , , , , , , , , ,
22nd July, 2020, 7:35 AM

UMS – Watching For The Next Break If You Missed The First!UMS 22nd July 2020

Chart Source : poemsview 22nd July 2020

UMS another mid-cap electronic stock that saw a nice move up but of course the day belong to AEM yesterday.

Will UMS be able to breakout from its consolidation range?  Let’s take a closer look at it from a technical perspective.  The 98 cents is a strong resistance that is  pinning it down for the  last two months.

The first sign of strength was yesterday when it crossed the 5ema and volume also came in during the day. It was then we also alerted our clients on UMS as we saw momentum coming in. It carried on from $0.935 to close at the day high at $0.975 helping us to achieve our first target. If UMS finally manages to pierce through that 98 cents and close above we might finally see it challenge the $1.02 then $1.05.

Be alert! If momentum continues for the electronic stocks we might see UMS move more to the upside.

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S&P 500 – [ Don’t Fight The Fed! ]

Kelwin & Roy S&P 500 , , , , , , , , ,
4th June, 2020, 5:55 PM

S&P 500 – [ Don’t Fight The Fed! ]S&P 500 4th june 2020

Chart Source: Poems2.0 4th June 2020

Many are still in disbelief as S&P 500 rose over the couple of weeks. From our previous post just two weeks back, we mentioned to stay alert as it was in a consolidation and could breakout either way. S&P 500 chose the upside so as a trader, being flexible is key. It broke out and touched our target of around 3111 and a little bit more before having a small pullback.

So what now?  As the S&P500 has been supported by the 5 and 10 ema unless it closes above we’ll have to follow the trend. Around 3130 area is the resistance for now so some pullback might be expected. You can view the chart on our Poems2.0 platform for reference.

In closing, as the word out in the street goes, DON’T FIGHT THE FED! It also means don’t fight the trend, follow the trend as the trend is your friend. =)

We hope our trading blog has shed some light on the market and our readers have learnt something from our sharing.

Yours

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Kelwin&roy

 

Sembcorp Industries – [ Continue To Slide Down As Per Blog, Some Learning Points]

Kelwin & Roy Sembcorp Industries , , , , , , , , , ,
29th May, 2020, 7:09 PM

Sembcorp Industries – [ Continue To Slide Down As Per Blog, Some Learning Points] Sembcorp Industries 29th May 2020

Chart Source: Poemsview 29th May 2020

Sembcorp Industries lost its footing and fell close to 10% today. It was the second top loser in percentage for the STI component stock . Part of this fall might be attributed to the removal of Sembcorp Industries from the MSCI Singapore Index. Other stocks like SPH, Comfort and SATS also saw a fall for today.

Let’s re-look and see if we can learn anything from this. As from the blog, we posted in the MORNING when Sembcorp Industries was trading at around 1.46 and gave a warning sign that it might continue to fall. As it was consolidating for a few weeks, a breakout or breakdown might set the tone for the stock in the coming days. True enough Sembcorp Industries broke down and headed south .  Another explanation could be investors/traders buying near the support might cut loss as it broke their support, this also might invite shortist to come in to short as has broke down .

Hope our readers have learnt a thing or two from our trading blog.  We look forward to sharing more with you.

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Mapletree Log – [ Inclusion In MSCI Singapore Index Sparks Joy! ]

Kelwin & Roy Mapletree Log , , , , , , , , , ,
29th May, 2020, 2:35 PM

Mapletree Log – [ Inclusion In MSCI Singapore Index Sparks Joy! ] Mapletree Log Trust 29th May 2020

Chart Source: Poemsview 29th May 2020

Mapletree Log Trust will be included in the MSCI Singapore Index at the end of today ( 29th May ) and this could probably explain the upwards move it was experiencing the last few days. SATS, Comfortdelgro, SPH and Sembcorp Industries will be removed from the MSCI Singapore Index.

We can see that Mapletree Log was consolidating for a few weeks. It finally broke out on 26th May which was also the day we ALERTED our Clients of the breakout. Mapletree Log continued trading up hitting our first target of 1.92 and just a cent shy of our second target 1.98.

Some might be asking, can we chase now? As Mapletree Log has moved up for a couple of day, we prefer some pullback first and maybe aiming for $2.03.

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