Tuesday, January 17, 2017

Sunpower: Starting to push higher after consolidating, price 0.56

After consolidating from 0.50 to 0.55 for more than 2 weeks from previous call...

Finally, we are seeing some actions today with it breaking above the 0.55 resistance level.

We can see more upside from here on more confirmation especially if it holds above 0.55 now.

Longer term uptrend remains intact as long as 0.500 holds, support has been shifted up for now...

Can the next phase of upside continue with target to 0.60 near term or maybe even higher..... ?

We Shall see.....

Congrats to some who were locked in previously and already in the money.... we actually had 2 bullish signals a few weeks back.... 

NO EXITS YET..... :p

For illustration purpose only


Recent Email:

Sent: Wednesday, January 04, 2017 4:48 PM
Subject: ******** Sunpower: Finally some actions above 0.52, uptrend intact above, price 0.54
Sunpower has consolidated below 0.52 for about 2 months, has tried many times to cross above but so far no specific price action we were looking for. Today could be a good move for the upside to continue especially if the 0.55 -  0.56 clears out as well. Target to 0.60 in the short term. Has been trading above the upward sloping channel support line since Oct which is a good sign.

For illustration purpose only

Monday, January 16, 2017

STI : So far so good.... still maintaining above 3000... STI 3008

Following up from note on the market last week, we are still seeing STI hold above the 3000 level....

This is still a good sign of LESS BEARISHNESS ahead for this year...

Has been see sawing up and down above this level for the past few days....

Would be interesting if it can test the 3100 for more confirmation of the upside....

So far so good....


Recent Email:

Sent: Wednesday, January 11, 2017 1:19 PM
Subject: ****** STI : Finally breached 3000 level.... a good sign for the market... STI 3015
Over the past few days, STI has managed to near and even break the KEY 3000 level today... we can start to see more upside from here with more blue chips like property and bank continuing their rally. Another key level to watch would be the 3100 level which was the cap in Oct 2015. Therefore, we can experience some selling near 3100.... However the case, seems like quite a good start with STI BREACHING 3000 finally. A positive for the market overall in terms of sentiments too.

For illustration purpose only

Saturday, January 14, 2017

Joey on 938 Live: What’s Your View on the Singapore Market this New Year, any Sectors or Stocks that Investors can Reposition themselves?

Honored to be invited to share my thoughts at 938 Live yesterday evening again after the market closed.

We actually saw STI rallying strongly on Friday despite US markets weakness the night before...

As we moved into the new year, there are some levels that I am looking at for the STI...

More importantly, there are also some sectors and stocks that we can reposition ourselves for any opportunities....

Do check out my quick views so you have a idea what to focus on this year.

Click here for full Audio and Transcript ---> http://bit.ly/2jO0USr

Friday, January 13, 2017

Anchor Resources: First quick target hit today, more upside next week? price 0.109

From morning call issued, we had seen Anchor Resources traded to a high of 0.112 before some profit taking and finally closing at 1.09 today....

Quite an impressive rally today indeed of more than 13%.....

Feels good to look at the chart drawn in the morning where it has not played out yet....

And indeed it touched my first target.... 

Can it touched the 0.120 resistance next week as mentioned?

Well, it remains to be seen.....

Those who were locked in would be good to protect profits.... J

Have a great weekend to all!


Check out below what was the call about this morning?


Recent Email:

Sent: Friday, January 13, 2017 9:42 AM
Subject: ********* Anchor Resources: A short term positive above 0.100, price 0.102
Anchor Resources has been trading below the 0.097 -0.098 resistance level for more than a month. This resistance was originally the support it broke down from in November and a move above can see more upside again and a potential reversal. Today we are seeing some actions with it attempting a breakout above. This level also coincides with the 100 day MA line where a move above convincingly can also signal a mid term reversal in progress. Target to 0.110 then 0.120 which was the high set since Aug last year.

For illustration purpose only

Halcyon Agri: More upside from here? Price 0.705

Had a signal on the system with Entry price at 0.64 few days back.... grads can confirm...

Managed to send out a quick email to notify clients yesterday too after seeing more strength (see below)....

With target hit at 0.700 today...

Can it head towards our next target at 0.75 now.

Raise stop loss for PTI grads who manged to lock in some postions as per system J

Looking forward to launching my next batch of Precision Trading Intensive program in a few months time....

No dates firmed up yet but be in the list to be NOTIFIED of any FREE introductory workshops, CLICK HERE.


Recent Email:

Sent: Thursday, January 12, 2017 9:45 AM
Subject: ******** Halcyon Agri: A move above 0.65 a short term positive

For illustration purpose only

Thursday, January 12, 2017

CityDev: Pulling away from new support, price 8.78

From yesterday’s call, we have seen CityDev pull away from the 8.70 new support level looks set to test 8.90 as mentioned.

Short term MA on the verge of reversing too with MACD crossing into postive zone after trading below since Oct last year.

Momentum can continue above 8.80 in the near term for now. Let’s see..

Don’t want to miss out on trading calls like below? Open a FREE Trading account Now. J


Recent Email:

Sent: Wednesday, January 11, 2017 12:17 PM
Subject: ******** CityDev: A move above 8.60 a short term positive... price 8.70
After consolidating below 8.60 for more than 2 months, finally today, we have seen a move over the past few days with more strength today. Longer term trend still pretty flat with a cap at 9.20 since the beginning of last year. We can expect a trade to 8.90 then 9.20 before some profit taking occurs again.

For illustration purpose only

Global Logistic: More upside above 2.60 now? price 2.61

From yesterday’s note, we have indeed seen Global Logistic approach and even cross the 2.60 resistance today.

We can still expect more strength above from here, raise sl for those who are holding.

Had A BULLISH ENTRY SIGNAL on the system few days back, and there are NO EXITS yet.

PTI grads can check.

Short term uptrend intact above 2.60 now imo, with momentum indicator still looking good especially above 2.60.

Target can be to 2.80 first. J

Want to be notified like BELOW too or maybe even earlier, Be a CLIENT NOW, CLICK HERE.


Recent Email:

Sent: Wednesday, January 11, 2017 10:05 AM
Subject: ********** Global Logistic: May attempt a move above 2.60 soon, price 2.54
After seeing the huge move above 2.40 last week, we have seen GLP broke above the 2.50 resistance yesterday too. Looks set to test the 2.60 resistance level where we are currently seeing some selling pressure. Raise sl for those still holding or can also consider taking some profit near 2.60. With 2.50 holding, we can still expect more strength in the short term with moving averages looking favorable too.

For illustration purpose only

Wednesday, January 11, 2017

Jumbo: Pulling away from 0.700, a positive above, price 0.74, Entry signal has No Exits

Following up from call last week, we have seen Jumbo hold above the 0.68 new support level and today we have seen it push higher even as mentioned.

Uptrend intact above 0.700 now, please raise sl, looks set to test the 0.75 for a move to 0.80.

Momentum indicator still looking positive.

As long as 0.700 is the support now, we are short term bullish.

From the system, we actually had a BULLISH SIGNAL 2 weeks back on 28 Dec 2016 JUST BEFORE the new year began…

Entry price was at 0.665.

So far still NO EXITS from my system yet….

Let’s see how far up it can go… J

For illustration purpose only


Recent Email:

Sent: Thursday, January 05, 2017 12:52 PM
Subject: ******* Jumbo: Some actions seen above 0.68 a good sign for upside price 0.69

For illustration purpose only

Thursday, January 5, 2017

Mermaid Maritime: Pushing higher above 0.180 on momentum, price 0.181, Another entry signal?

Following up from previous call last year, we have seen Mermaid consolidated briefly below the 0.160 level before breaking higher.

Uptrend still intact as mentioned with more room to go towards 0.190 then 0.200 now.

Has crossed above the 0.160 – 0.164 key resistances over the past few days and inching higher.

Today, we have seen the 0.180 level giving way too with buyers still pushing, a short term positive above.

Those still holding long please raise SL to protect profits and continue to ride. MACD has also staged a crossover in positive territory.

From my system, we actually had an ENTRY SIGNAL ON 10 NOV 2016, ENTRY PRICE 0.125, and there was an EXIT.

Another entry and then a boom again... PTI Graduates congrats on riding.

For illustration purpose only


Recent Email:

Sent: Wednesday, November 30, 2016 9:53 AM
Subject: ******* Mermaid Maritime: Next resistance at 0.150 is key for now, price 0.147
We started to see some actions in Mermaid yesterday with a move above 0.140. Today, it has tried to attempt a breakout above 0.150 but so far not able too. Moving averages are starting to converge and in the process of reversing with a positive crossover in the cards. Any firm move above 0.150 can see the upside continue with target to 0.160 then 0.170 first. It has managed to maintain above the 200 day MA after breaking above it last month for the first time since more than 2 years ago which can indicator that longer term trend is starting to reverse upwards. Should see some support from 0.144 – 0.145 now

For illustration purpose only

Tuesday, January 3, 2017

ComfortDelgro: Some temp support found, but 2.40 is key to stem more selling pressure, price 2.46

Following up from previous call last week, we have indeed seen a firm sell down below the 2.50 psychological support and it has traded down to 2.45 where some buyers are holding for now.

As long as 2.50 is a resistance now, we can still expect more downside back to test the 2.40……

2.40 would be a level where we can see some bargain hunting again as this level has been holding strongly since 2014 and even rebounded from here 2 months back.

Mid to long term trend still weak for now so any clear breakdown below 2.40 can see a new wave of selling towards 2.20 then 2.00.

We may have some sell signals from system soon....

Want to be notified LIVE too like below, Open a Free Trading Account with Joey Choy.


Sent: Thursday, December 29, 2016 9:37 AM
Subject: ******** ComfortDelgro: Attempting a move below temp 2.50 support, more weakness below likely, price 2.49

For illustration purpose only

Thursday, December 29, 2016

STI : A quick recap for 2016 - Happy New Year to All - STI at 2884

For me, compared to the years before, i would say that 2016 has been rather lackluster for the Singapore market in terms of the market movements. 

For 2015 we saw the rise and the fall of the Shanghai Stock market with STI following in tandem hitting a high of above 3500 to less than 2600 in the beginning of 2016.

After trading below 2700 for the 1st 2 months of 2016, we then started to see some actions back in the market with OIL prices taking centre stage. Oil prices started to rebound from a low of about USD26 to more than USD 40 in a month and that's when we started to see some positive actions in oil and gas counters till Mar - Apr. 

However, this rally was met with more selling when financial results were released and many come to know about the profitability of some of the O&G counters in the industry. We even had news of one company almost bankrupt and finally under judicial management.

To recap, STI has been in the trading range from 2700 to 3000 for the last 10 months of 2016 with it still unable to break the 3000 mark. 

We have seen Dow Jones and S&P 500 hitting new highs over since November but it seems like the STI is still not ready to make the move above this 3000 level. The recent rally this month was led by banks where we saw it almost touch the 3000 only to be met with more selling again.

For 2017, I think we may still face uncertainty with the economic data starting to point south. And one got to be really selective, especially with long positions. 

With 3000 as the cap for now, we may still be consolidating in the next few months back to 2850 then 2700.

I think it's also good to be prepared ride any downside if opportunities present itself. :) Good luck and happy new year to all.  ;p

Huat ahhh!

For illustration purpose only

Friday, December 23, 2016

STI: Have breached the 2900 level again, short term weakness below, STI 2870

From previous note, we have indeed seen the STI breach the key 2900 support level today with banks and some commodities counters heading lower.

As mentioned, we may see some downward pressure towards 2850 first where some bargain hunting can return.

But cautious of breakdowns of any of the banks’ key supports like UOB 20.00, OCBC 8.90, DBS 17.00 where we can see them dragging the index lower towards the 2780 region.

Want to be Alerted as a Client like below emails too? Click here to Open a Free Trading account.

Merry Christmas to all ! Have a great long weekend :)


Recent Email:

Sent: Wednesday, December 21, 2016 3:40 PM
Subject: ******** STI: Back to consolidation on profit taking.... quiet market as we approach the new year, STI 2916
Any move below 2900 can see more weakness with the STI falling back into it’s 6 months consolidation level towards 2850 then 2780. Starting to see some selling momentum coming back in the market over the past few days.

Sent: Tuesday, December 06, 2016 11:08 AM
Subject: ************ STI: Approaching major resistance again.... selling expected but banks may be the one to breach it... now 2945

For illustration purpose only

Thursday, December 22, 2016

Genting Sing: Selldown back to key support, price 0.905

From previous call, has seen selling back to the 0.900 as mentioned where we are seeing some short covering….

Note that any clear move below 0.895 – 0.90 can see the sellers returning in force again where we can head to 0.85 – 0.86 next… 

Cautious long positions.

Momentum indicators are starting to reverse lower and will be more intense especially if 0.900 clears out….

Had a Bullish Exit signal 2 weeks back (for the 1ET bullish signal on 4th Nov).

Thanks for the BULLISH Exit on the system that we manage to ride and most importantly get out when the time is right….. 

Want to be Alerted too? Click here to get in touch and Be A Client....


Recent Emails:

Sent: Monday, December 19, 2016 11:05 AM
Subject: ****** Genting Sing: A possible reversal back down, cautious.... price 0.925
Following up from previous call, we have seen Genting Sing traded to a high of 1.04 and profit taking began. From the system, we actually had an exit signal 2 weeks back (for the 1ET bullish signal on 4th Nov). System aside, today, we have seen it break below the 0.93 – 0.94 support that it has been holding above for about a month.  

Sent: Wednesday, December 07, 2016 9:52 AM
Subject: ******* Genting Sing: May be attempting a firm move above 1.00 soon, price 1.005 - No EXITS on system fyi

 For illustration purpose only

UOB: A Bullish Exit signal finally seen, and may be heading back to support, price 20.61

Following up from  an update for the 3 banks, finally we have seen an Exit signal for UOB last week from my system (See below).

As mentioned, UOB has traded upwards a little more after the previosu emaila and that’s when profit taking started to occur. Has started to trade lower since and now looks set to test the key support at 20.50.

Note that any breakdown below on a clear price action can pave the way back to 20.00 where it came up from last month.

So we have had Exit Signals for all the Bullish moves from all the banks. We are beginning to see price cross below the 20 day MA already for UOB which can see some short term weakness, cautious.

Congrats to PTI graduates who manage to ride the 3 banks fully last month and got out with the exit signals recently… Let’s see what happens next and if 20.50 holds….

Will be checking to see if any entries again, either way we ride….  J

For illustration purpose only


Recent Emails:

Sent: Tuesday, December 13, 2016 10:03 AM
Subject: SG Banks: UOB still no exit signal.... upside can still continue above 21.10. Price 21.12
From previous call early last week where the banks were still rallying, we indeed saw some more strength before profit taking finally happen. Of the 3 banks, just to share that we managed to see an exit signal for both DBS and OCBC. But there are NO EXITS signal for UOB yet. And today we have see a further push above the 21.10 recent high. We can expect more strength above the level towards 21.50 then 22.00 next. Will be looking to see when the exit signal will come for UOB, PTI graduates can check, thanks. Raise stop loss to protect nevertheless J

Sent: Tuesday, December 06, 2016 10:20 AM
Subject: ********** SG Banks: DBS, OCBC, UOB - can still be Bullish, NO Exits on System yet for all.... DBS the best performing signal.... see what i mean

 For illustration purpose only

Wednesday, December 21, 2016

Spackman: Still below 0.200 for now.... Watching for the next move, no Exits yet.... price 0.198

Over the past few days, we have seen a new support for Spackman where the 0.190 seems to be holding well.

So far, it has been trying to cross above the 0.20 but to no avail. Selling pressure seen the moment it approached there for now.

Just to share that from the previous Bullish signal on the system, there are still NO EXITS yet....

Congrats to PTI graduates who have rode together. I understand that some are still holding on to profits and not selling haha... Good luck, leave it to you guys.

Anyway just to share that ONLY a specific Price Action can see the upside continue and it’s still in my PTI Group watch-list definitely. J

Those who want to know how to get hold of this system and be in My Ultimate Inner Circle can attend a FREE workshop next year. J Click here to be NOTIFIED.

For illustration purpose only


Recent Emails:

Sent: Monday, December 19, 2016 10:22 AM
Subject: ***** Spackman: Rebounded from suppport again, may test key resistance again, price 0.192

Sent: Friday, December 16, 2016 9:41 AM
Subject: ****** Spackman: Selldown indeed seen yesterday, is it time to buy now? price 0.184

Sent: Thursday, December 15, 2016 9:20 AM
Subject: ******* Spackman: Target level almost hit, selling pressure may be seen first before more direction, price 0.197

Sent: Wednesday, December 14, 2016 10:14 AM
Subject: ******* Spackman: Approaching the net resistance, potential move above again likely, price 0.186

Sent: Tuesday, December 13, 2016 9:44 AM
Subject: ******* Spackman: Some profit taking seen on spike, but upside still possible, price 0.181

Sent: Monday, December 12, 2016 1:30 PM
Subject: ******* Spackman: A new recent high on momentum, upside can continue, price 0.172, Bullish signals with no EXITS :)

For illustration purpose only

Tuesday, December 20, 2016

Sheng Siong: Rebounded from the 0.900 level as mentioned, price 0.925, Still no Exit signal for the downside.

Following up from previous calls, we have indeed seen a low at 0.905 today, near the key 0.900 level before we saw a rebound.

For those who have rode the downside with us, hope you have managed to lock in some profits as mentioned, congrats.

For now, with 0.900 holding, we should be safe in the short term.

Taking a quick look at the system, just to share that PTI Graduates actually had an ALERT or 1ET BEARISH SIGNAL on 20 OCT 2016. Sell entry price at 1.025.

It started to slide downwards gradually after that all the way to 0.905 low for today.

The thing is there are still NO EXITS, but it may come soon.

Hopefully the 0.90 holds, or we may see more selling towards 0.86, will see what the system says again in the next few days. PTI Graduates can check…

Those who would like to know more about my strategy or get hold of this system can attend a “FREE” introductory workshop next year. J Click Here to be NOTIFIED in Future.

For illustration purpose only


Recent Emails:

Sent: Monday, December 19, 2016 9:24 AM
Subject: ******* Sheng Siong: Nearing next support where buyers may return, price 0.92

Sent: Friday, December 16, 2016 9:20 AM
Subject: ****** Sheng Siong: Pushing lower towards next key support ? price 0.94, don't look strong...

Sent: Thursday, December 15, 2016 9:51 AM
Subject: ****** Sheng Siong:Testing next support now, price 0.95, cautious below further

Sent: Wednesday, December 14, 2016 9:33 AM
Subject: ******* Sheng Siong: Breakdown of 1.00 seen indeed, selling pressure below likely, price 0.975

Sent: Wednesday, November 9, 2016 10:38 AM
Subject: ********** Sheng Siong: Seeing some weakness to next key support, price 1.015

For illustration purpose only