trendline analysis

Sembcorp Industries – [ Breaking Support? How Does The Chart Look? ]

Kelwin & Roy Sembcorp Industries , , , , , , , , ,
29th May, 2020, 11:24 AM

Sembcorp Industries – [ Breaking Support? How Does The Chart Look? ]Sembcorp Industries 29th May 2020

Chart Source: Poemsview 29th May 2020

Sembcorp Industries a STI component stock has largely seen a sideways consolidation since March. The range it was trading is around $1.47-$1.64.

What caught our attention is that Sembcorp industries seems to have broke its horizontal support of $1.47. If  it doesn’t regain this footing, we might see it move lower in the coming days and weeks. The downtrend line acts as a resistance and until it manages to break above that, Sembcorp Industries might continue to be weak.

It’s already at its 10 years low, so how low can it go?? What’s your trade plan like? $1.40 might be on the cards if it does stay below $1.47 in the coming days.

Yours

Humbly

Kelwin&Roy

 

City Dev – [ Developing A Bearish Trend? ]

Kelwin & Roy City Dev , , , , , , , , , , , , ,
24th May, 2020, 7:27 PM

City Dev – [ Developing A Bearish Trend? ] City Dev 24th May 2020

Chart Source: Poemsview 24th May 2020

City Dev part of the STI component and a leading global real estate property developer. It saw some heavy selling last friday due to the unrest in Hong kong.

Now is City Dev in bearish terrority? From the technical charts we can see that it is below the 200ema. A stock that is below this long term indicator is considered bearish from a chartist point of view. With that and also breaking the short term uptrend line we drew we ALERTED our CFD Clients on a potential short.

CFD Clients were alerted on 13 May when City Dev broke the uptrend line and also below its 20ema. City dev continue to slide down to our first target of $7.56 and is now just 2 cents to our second target of $7.36. City dev was trading at $7.37 at close.

The volume traded last friday was rather high and this might signal more downside if it breaks the horizontal support of 7.34. The next downside target might be 7.03!

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Yours

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Kelwin&Roy

Straits Times Index – [ Where Is The Support At? What’s The Game Plan Now? ]

Kelwin & Roy Straits times index , , , , , , , ,
22nd May, 2020, 3:55 PM

Straits Times Index – [ Where Is The Support At? What’s The Game Plan Now? ]Straits Times Index - 22nd may 2020

Chart Source : poemsview 22nd May 2020

Its close to 4pm now and the Straits Times Index is down over 50 points due to China tightening its grip on HK.

Hong Kong index is down over 1000 points or 5%, something which we haven’t seen in awhile. Due to the regional unrest, our Straits Times Index or STI also is affected . We’re down about 2% at the time of writing.

So what’s our game plan? If you noticed we’ve been rather bearish on the markets and continue to remain so until we see more convincing signs of rebound. With every rebound in the STI it seems to be making a Lower High despite US side having massive gains. This to us shows some weakness. STI is currently on its horizontal support of around 2500.

What could happen from here? Some possible scenarios:

  1. STI could have a rebound to cover the gap and test the downtrend again. Failure to break that might see more downside. If STI manages to break that downtrend line then our stand might change.
  2. STI could break the horizontal support level and might take us to around 2387 levels.
  3. STI could possibly hover around here and form a sideways consolidation before another move comes.

So stay alert! We’re eyeing more downside as you can see STI is below the moving averages but are flexible to react as market remains volatile and remembering the saying, Don’t Fight The Feds!

Want a  quick discussion on the market direction?

Feel free to drop us a line!

Yours

Humbly

Kelwin&Roy

Yzj Shipbldg – [ At Support, Will It Break? ]

Kelwin & Roy Yzj Shipbldg , , , , , , ,
6th May, 2020, 8:56 AM

Yzj Shipbldg – [ At Support, Will It Break? ]Yzj Shipbldg 6th May 2020

Chart Source: Poemsview 6th May 2020

Yzj shipbldg is sitting on its uptrend support line and the 20ema. A break of that might see it move lower to the next support level which we have drawn.

It is currently also resisted by the downtrend resistance line. Which camp are you on? The bulls or the bears?

We’re more inclined towards the downside. Lets watch in the coming days.

If you want to learn how to use Poems CFD to short the markets feel free to drop us a message.

A trader who only knows how to go long and now short has lost half the battle already! So picking up a new skill during this period is critical!

Yours

Humbly

Kelwin&Roy

DBS – [ Rebound or Down? ]

Kelwin & Roy dbs , , , , , , , , , , ,
23rd April, 2020, 7:07 PM

DBS – [ Rebound or Down? ] DBS 23rd April 2020

Chart Source: Poemsview 23rd April 2020

DBS has been seeing selling in its shares for the past week. It broke down from our uptrend line and also the 5ema which gave us some conviction to alert our CFD clients on this potential analysis.  To add further pressure to the already stressed up system, news came out regarding Hin Leong Trading.  Many banks were involved in this high profile cases now.

As DBS broke its uptrend line of 19.12, the downward pressure came in and took it down to our first target of $18.50. We saw a slight rebound and a test of the 5ema but DBS failed to gain footing above it.

If DBS can’t close above this in the next few days we might see more downside. Which camp will you be on?

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

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Yours

Humbly

Kelwin&Roy

 

 

 

SATS – [ Down It Goes Again, Catching It For The Second Time]

Kelwin & Roy SATS , , , , , , , , , ,
15th April, 2020, 6:38 PM

SATS – [ Down It Goes Again, Catching It For The Second Time] SATS 15th April 2020

 

Chart Source: Poemsview 15th April 2020

SATS is the leading provider of gateway services and food solutions in the region. It is a familiar sight to many Singaporeans as they depart from Changi Airport. SATS is also part of the STI component stock.

Given the drop in tourism, SATS would be adversely affected due to the decrease in flights . Our airports are almost empty with SIA cutting 97% of their capacity. SATS would be hit badly and if you would want to ride the downside then shorting using CFD would be a way to do so.

Our CFD clients were alerted of such an opportunity once in end march at $3.48 and another time today( 15th April). As SATS tried to rebound for the last week, its rebound might come to an end and resume its downwards trend for now. SATS hit our first target of $3.01 and from our analysis we are setting our next possible target at $2.82.

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

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Yours

Humbly

Kelwin&Roy

 

 

Dow Jones – [ Covid-19 Hits Hard, 7 Days Drop Wiping out 7 months of gains, What’s our plan now? ]

Kelwin & Roy Dow Jones , , , , , , , , , ,
2nd March, 2020, 8:39 AM

Dow Jones – [ Covid-19 Hits Hard, 7 Days Drop Wiping out 7 months of gains, What’s our plan now? ]

Chart Source: Poems2.0

Fear, anxiety, panic gripped the markets last week as traders and investor ran for the exit door.

It was the fiercest and fastest sell down since the 2008 financial crisis. 1000 points drop almost day after day which caused even the gutsiest of traders to flee. The week was just marked with panic selling just as Us markets made new high. Any rebound was met with even more selling and the market succumb nosedive of about 14% for the week.

South korea had the biggest jump of number of infected with over 3700 people infected in just over a week. This caused a huge alarm and panic as South Korea scrambled to contain the outbreak mostly in Daegu.

Italy also reported a surge in cases bringing the total number of cases to over 1100 the second largest infected outside China.

Iran also saw an increase in cases and what was puzzling was that Indonesia has so far not reported any cases. Has market priced in a potential case in Indonesia? US also warned of community spread in its country.

WHO ( World Health Organization) also raised its risk assessment to the highest level warning countries to get ready and be prepared!

All these mixtures of bad news made a perfect storm and reason for selling. And Selling it was!

The 10 year Treasury yield which is a key indicator in global finance also hit a record low on Friday , another sign that investors are fleeing equities for the safety of bonds.  The Cboe Volatility Index also known the VIX surged to its highest level since the Great Recession, warning  that there might be more volatility ahead.

Dow Jones went into correction territory just within the week plunging close to 5000 points from high. Selling was the order of the day even though Trump tried to calm the markets. We all know how bad this week was and so lets  take a deep breath and look ahead to the week. We have drew the chart for Dow Jones with the trendline support and resistance on the chart. Here’s our simplified game plan for the week.

  1. Looking for a rebound (Daring traders might look to long on reboud)
  2. If the rebound is strong and could reach our resistance we might consider to go short.
  3. Market could test the low or even break friday’s low after the rebound.

Stay nimble and watch the charts and news as things could escalate any moment or will Fed come in to rescue the markets?

It’s been a very tough week for all and if you’re feeling depressed and defeated by the market its perfectly understandable.

We’re always here just a message away if you need a second opinion.

 

Yours

Humbly

Kelwin&Roy

Frencken – [ Lagging Behind, Next To Move? ]

Kelwin & Roy Frencken , , , , , , , , ,
12th February, 2020, 5:21 PM

Frencken – [ Lagging Behind, Next To Move? ]Frencken 12th feb 2020

Chart source: Poemsview 12th Feb 2020

Frencken seems a little lagging behind its peers like AEM, Hi-p and UMS.  We drew up some simple trendline analysis to help us understand frencken more.

Could frencken play catch up very soon? Some nearby resistance for frencken at around 0.89. Can Frencken overcome that and move up higher to 0.95? Lets watch!

Drop us a message if you like to know more about Frencken.

Yours

Humbly

Kelwin&Roy

 

 

SIA – [ Here’s What We Did!]

Kelwin & Roy SIA, Singapore airlines , , , , , , , , , , , , ,
28th January, 2020, 9:02 PM

SIA – [ Here’s What We Did!]SIA 28th Jan 2020

Chart Source: Poemsview 28th Jan 2020

SIA or Singapore Airlines Ltd was a stock that got hit hard due to the spread of the wuhan virus around the world.

Tourism stocks and airlines stocks usually takes a hit as their bottom lines will be affected due to cancellations or postponing of trips.

Medical stocks on the other hand will likely see an uptick as in the recent case like medtecs, top glove, riverstone and a few others.

As for SIA, we felt that it will be negatively hit if wuhan virus continues to spread and we could still be in the beginning phase of this virus. Furthermore, the spread might magnify after the chinese new year visitation.

We alerted our CFD CLIENTS for them to take note of SIA being a short candidate just last Thursday before the cny holidays. As market opened today, SIA immediately gapped down and hit our second target of $8.58. We’re looking at the next downside target to be around $8.40

As the wuhan virus is spreading, do take extra precautions and wash your hands frequently with soap. We wish our readers a healthy and happy lunar new year.

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

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Yours

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Kelwin&Roy

St Engineering – [ Closed Day High, Increased In Volume, What’s Next? ]

Kelwin & Roy St Engineering , , , , , , , , , , ,
14th January, 2020, 6:54 PM

St Engineering – [ Closed Day High, Increased In Volume, What’s Next? ] St Engineering 14th Jan 2020

Chart Source: Poemsview 14th Jan 2020

St Engineering continues it move up after a retracement. It hit our second target of $4.11 from our previous post and closed day high at $4.12.

St Engineering is up 3.5% since our entry price of $3.97 in exactly a week. A very decent gain if you ask us. What  is interesting now is that there is an increased in volume which might help sustain the next up move.

We’re looking at $4.17 which is also the downtrend line resistance as the next target. Lets watch.

Want to be informed of future development of St Engineering?

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Yours

Humbly

Kelwin&Roy