Staying Ahead Of The Crowd With Price & Volume Trading Strategies: Powered by MetaStock XENITH!

Robin will be conducting a free training session this Saturday (14 October 2017) on how he trades Price Action and Volume strategies using MetaStock XENITH!

Join us for this this 3-hour session to learn: Why price action and analysis is the ultimate trading strategy How to use MetaStock XENITH to create a trade plan How to trade with different time frames for maximum profits Volume trading strategies to predict future price action How to successfully trade breakouts & spot fake-outs Precise entry and exit strategies using an advanced charting tool like MetaStock XENITH Details of the session below: Date: 14 October 2017 Time: 9:30 am - 12:00 pm Venue: 10 Anson Road #36-05A International Plaza Singapore 079903 *For existing Metastock Xenith subscribers, this content of this training session has been covered in your regular platform training, so you do not need to attend. We will keep you updated on future platform training scheduled.

Click Here to Register on TradingKungfu.com! »

Your Trainer: Mr Robin Ho Robin Ho is a top tier Trader and Remisier with PhillipCapital, and is one of Phillip’s most active and successful trader. Having been through the peaks and troughs of the volatile markets, Robin is a well-sought after speaker who shares his in-depth trading knowledge with traders and investors at numerous investment seminars. Robin has taught and mentored thousands of professional traders. He has developed his own proprietary trading system that focuses on Price Action, which he believes is the answer to the volatile market today. He believes that many traders fail today because they have been employing long-term and traditional indicators to short-term trading; and to achieve trading mastery, traders must understand market behaviour and develop a trading strategy that fits the trader’s profile.

Click Here to Register on TradingKungfu.com! »

All posts and charts are for educational and illustration purposes only

Dow - Correction Is Imminent

Dow -  This tradeplan is indicating a correction in the next 1-2 weeeks  is imminent and it could bring Dow to  22600 and 22420

All posts and charts are for educational and illustration purposes only

Metastock Xenith Platform Training

I will be organising a MetaStock XENITH Platform Training session this coming Saturday 7 October 2017, from 9:30am - 12:30pm at International Plaza, Level 36. Kian Ann will be conducting the training.

In this session, we will cover more in-depth on how to use the different applications within MetaStock XENITH, including:

• Quote List (and how to transition to the more powerful Monitor app)
• Charts
• News
• Time and Sales
• Company Overview
• Economic Monitor
• Rebasing Chart

... and more

The session is free, so do come on down to learn how you can maximise your XENITH subscription.

If you have attended this training before, you can re-attend as a refresher.


You can register for the session here: https://www.tradingkungfu.com/xenithtraining

All posts and charts are for educational and illustration purposes only

SIA Engineering - Structural damage on the chart

SIA Engineering -  Down 7 % on heavy volume today and nobody really know the reason. Some attributed to JP Morgan seeking to sell its entire stake to raise 128m. There is market talk of investors selling ahead of Guruda's GMF IPO , its lower operating cost is a threat to SIA engineering operations. There was also talk of market concern about the appointment of new CFO appointed on 29 Sep. The company say they are not aware of any reason in reply to Sgx queries. On the charts , today's price action  its a structural damage. On the longer term it is headed for 3.04 and 2.75 respectively.

All posts and charts are for educational and illustration purposes only

Comfort Delgro - All The King's Horses And Men Cannot Pull ComfortDelgro Together Again!

All the king's horses and men cannot pull ComfortDelgro together again! Stock rebound from UOB and Maybank Kim Eng upgrade to 2.35 was short lived. Selling resumed after the stock hit a high of 2.10. With the short covering over, and the real selling resuming, this stock is on route to 1.89.

All posts and charts are for educational and illustration purposes only

KSH - Successful Execution of Gaobeidian Project Could Be The Next Catalyst

KSH - Next catalyst will come from news of Gaobeidian project. Successful execution of the launch of its project will lead to an upgrade of the stock price. This stock has been consolidating since August after hitting a high of 0.86 in July. The consolidation is likely coming to an end soon and the stock could make another attempt at the high again. On the near term it could rebound to 0.80.

All posts and charts are for educational and illustration purposes only

Hong Leong Asia - Rebound underway!

After a relentless slide since hitting a high of 1.43 in February, this stock went to a low of 0.86. A rebound to 0.98 and 1.01 is on the cards.

All posts and charts are for educational and illustration purposes only

Alliance Mineral - Broke Out of its Downtrend for the first time since April

Alliance Mineral - This stock  was trader's favourite when it rose from 0.10 to 0.43 in Apr , it went into a tailspin when the debt problem between the CEO and Jonathan Lim surfaced. This debt problem will soon blow over and trader's will soon refocus on the fundamentals of the company. Next month the company is expected to  announce the resource upgrade of Ball Hill which could see the extension of the life of the mine which will warrant an upgrade. China  move  towards faster adoption of Electric Vechicle  targets will increased the demand for lithium dramatically augurs well for the company.
On the charts, the stock has broke out of its downtrend and for the first time moved above the 50 days MA. This is a signal of a short term reversal that could take the stock higher.
A strong support has been estabilised at 0.255, the next resistance is 0.315 and 0.34 respectively.

All posts and charts are for educational and illustration purposes only

DBS - Head and Shoulders In the Making?

DBS - Head and Shoulders Pattern in the making? Broke and stayed below 50 days MA, a break below key support at $20.00 would form a reversal Head and Shoulder  and a topping out pattern that will trigger a downside target to 19.25 and 18.50 respectively!

All posts and charts are for educational and illustration purposes only

US markets celebrates new high but No Joy In STI

US Markets celebrates  new highs but no joy with STI. This week new highs in US markets have been met with a bearish divergence in the STI. In the regional markets STI and the ASX200 display the weakest technical profile. STI has broke below the 50 days MA as well as the lower boundary of the uptrend channel. The uptrend in STI that we saw since Dec 2016 is now in doubt and a break below 3200 will open the door to a downside target of 3150 and 3110 respectively. At the meantime, STI is expected  trade within the 3210 , 3225 and 3245 range. This blog will turn bullish on STI only when it breaks above 3250.

All posts and charts are for educational and illustration purposes only

GL Ltd - Turning Around After 4 Years Downtrend

GL Ltd. (Guocoleisure) - Could finally be turning around after a 4 years downtrend on worries of Brexit, weak Pound and depressed oil sector. In May 2014 , this stock went to a high of 1.20 on privitisation rumours.  With Brexit near settlement, oil sector bottoming out and the Pound recent spectacular recovery, it stock could be beginning to turn around. The charts is showing huge accumulation at 0.72 levels, at 0.76 today it has climbed to stay above the 50 days MA and broke above its downtrend channel, which potentially points to  an upside target of 0.82 and 0.92 respectively.

All posts and charts are for educational and illustration purposes only

Where is the stock market heading? Watch the Dollar!

Where is the market headed? Watch the Dollar!

Global Markets rally remains a counter dollar rally. The Dollar Index briefly broke its 3 years low  (91.8)  touching 91.01 before rebounding to trade above. The dollar weakness reflects the faltering confidence of Trump's ability to deliver tax reform. The US house speaker Paul Ryan has announced that the reform tax outline will be announced on the week on 25th Sept. If investors renew their believe  that  the reform tax  can make America Great again, it will be the best chance for a Dollar rally. A Dollar resurgence will be detrimental to the market. A break above 93 in the dollar index could trigger a huge technical rebound on the upside to 97.5.  Watch the week of 25th Sept!

All posts and charts are for educational and illustration purposes only

Tax Reform - To Be Announced In the Coming 2 Weeks

Tax reform - the most anticipated news this year will finally be announced. Paul Ryan, Speaker of the United States House of Representatives announced that the outline of the tax reform could be released in the week of 25 September 2017. Dow Jones should be trading within a 100 point range until the news is released.

All posts and charts are for educational and illustration purposes only

Rowsley- Trade Plan On 30 August was Spot On!

On 30 Aug this blog said that Rowsley had formed a strong base between 0.105 - 0115 and is poised for a break to the upside. A break above 0.121 will trigger an acceleration to 0.131. This was actually what happened today. The stock closed low today at 0.124 after hitting at high of 0.132. The macro uptrend of  this stock is still intact , a retracement to 0.12 and 0.116 will be at another opportunity for the bull who missed out the last call on this blog.

All posts and charts are for educational and illustration purposes only

Banyan Tree - Due for a Steep Correction

Banyan Tree - UOB Research upgraded this stock from 0.64 to 0.93 yesterday representing a 45% upside. This blog was a seller at 0.67 based on the trade plan showing a short term peak at 0.67. With the price reaching and upper end of the channel trendline coupled with a huge volume blow up suggest that the BB could have taken the opportunities to unload the stocks capitalising on the UOB report. This blog believes that the longer term uptrend is intact, however, an imminent pullback to 0.625 and 0.595 is on the cards before the stock could resume its uptrend.

All posts and charts are for educational and illustration purposes only

Companies that will benefit from the Hurricanes

Companies that will benefit from the hurricanes. These companies will have upside in the short term. Those dealing in homebuilding materials — think Weyerhaeuser, Louisiana-Pacific and USG — to road aggregates — Martin Marietta Materials' wheelhouse — to roofing — the specialty of Owens Corning and Beacon Roofing.

All posts and charts are for educational and illustration purposes only

STI Trade Plan - Strong Support At 3195 Looks Set To Break

The index could hit the next support of 3195. A break below 3195 will trigger a severe correction to 3150 and 3120.

All posts and charts are for educational and illustration purposes only

The Bull and Bear Dilemma

Most traders already know September is a scary month for stocks because on average, it is a decided loser for the market. Going back to 1950, the S&P 500 has been losing an average of 0.67% for the month, and has logged more losses (38 of them) than gains (29) during that 67 year span. 

Why are investors not selling yet? The bulls are holding up the market for the most anticipated news this year, Trump’s promised US tax reform bill which is supposed to make consumers richer and US corporations more competitive and hence, "Make America Great Again". President Trump struck a deal with the Democrats to add a three month extension to the debt ceiling that which deadline was 31 Sept 2017. This could pave the way for the tax reform, which may be announced in the next few weeks. The Tax Reform is a key campaign promise of both Trump and the Republican Party.  The Republicans are also excited to push the tax bill through ahead of the congressional election in November.

Dampening this bullish mood is the the geo political tension in the Korean Penisula. North Korea is expected to conduct a missile launch over the weekend, and traders are not taking chances after the lessons learnt from last weekend North Korea nuclear test.

With US market at 9 year high and valuation in a bubble territory, the bears are looking for a correction that has eluded them for so long.

This blog believes that the conditions for a Bear market are largely in place. News of US Tax Reform could give the market a last leg up.

In the meantime, the market will remain quiet and range bound. This blog will avoid holding big overnight long or short position until news of the Tax Reform is announced. Day trade remains the most preferred strategy for now.

All posts and charts are for educational and illustration purposes only

Gold - Bullish Breakout from a 6 months Consolidation Range

Gold - Broke out of a 6 months consolidation zone, reinforce the initial breakout from 1208 to 1294 range to provide an initial breakout target upside to 1350 - 1360. Stay bullish as long as it stays above the 50 Days Moving average

All posts and charts are for educational and illustration purposes only

Rowsley - Consolidating For The Next Leg Up!

After a huge sell down from Albert Hong's unwinding of his shares, it has been building a strong base between 0.105 to 0.115. The biggest block of share overhang remains between 0.119 to 0.121.
A break above 0.121 will trigger an acceleration to resistance 0.131 and 0.145.

All posts and charts are for educational and illustration purposes only

Will the Hang Seng and Shanghai Market Rally Continues ? It Depends On the Dollar!

Hang Seng Index has been one of the best performing index in Asia Market in 2017. Today, it close at its year high at 27848. Will the rally continues? It all depends on the USD/Rmb trend. The Dollar is trading near the year low against the Rmb , although this blog like most pundits' are expecting a Dollar rebound, would not want to bet on it with Donald Trump's scoring his own "goals" and the White House in chaos. These event has contributed to the dollar steep slide in the recent months. For these  reasons this blog continue to stay bullish on the Asia Markets particularly Hang Seng and Shanghai Index. The charts below illustrates the close co-relationship between the Dollar and the China Markets. Trump's recent hint to veto the spending bill unless the Mexico Wall is funded has added to the Dollars woes. Congress must pass spending bill by 30 Sept. This blog believes that the potential Fed Balance sheet contraction when  enacted will cause a Dollar to rebound  and a steep market correction. Watch the Dollar direction !

All posts and charts are for educational and illustration purposes only

Spackman - Leading the penny stock rebound!

Spackman - Volume has been on the increase since bottoming out in mid august. Technically, it could have bottomed out in the short term with support established at 0.114, it could be heading towards next resistance at 01.29 and 0.14 in the week ahead.
On the fundamental side, the group revenue increased 38% YoY to US 10.5m for 1H Fy2017. Upcoming movie a manhunt thriller "Golden Slumber" could provide the next catalyst for the stock to trade higher.

All posts and charts are for educational and illustration purposes only

Rowsley - Significant Price and Volume spike - Something Brewing?

Rowsley - Huge volume spike today, something brewing? One possible catalyst is the  conclusion of the deal to inject Peter Lim's  Thomson Medical and TMC  into rowsley.  Another possible catalyst could be new development  from  Vantage Bay Medical Hub in Iskandar. Many people may have forgotten that in Nov 2015 , Peter Lim decided to reconceptualise Vantage Bay Integrated Residential/Commercial development  into a healthcare and medical hub worth $1.65 billion . Since the Nov 15 announcement we have not heard any more news of this project. Could Peter Lim have in his sleeve a grand plan organise all these assets into a formidable regional health care giant?

The volume and price spike today is very significant, is there a corporate development on the horizon? On the Chart, the stock could have bottomed out at 0.11, its strong support is now at 0.115. Today it tested its most significant resistance at 0.121 to 0.124, if it is able to hold above this levels it should head to next resistance at 0.135 to 0.141. This blog has turned bullish on this stock.

 

All posts and charts are for educational and illustration purposes only

Advanced Trading Course Batch 3

On Saturday 19 August 2017, we wrapped up the third batch of our Advanced Trading Course in three months. Though many of the students have been to various courses before, they still told me that the strategies and secrets shared in the course have not been taught anywhere else. This is indeed a very unique course. I am glad it has been well received!

Robin engaging a class of experienced traders

Class Photo of Robin Ho's Advanced Trading Course Batch 3, 19 Aug 2017

"Robin shared a lot of useful insights that other traders and courses do not offer. It gave me an edge in trading and provided me with a better insight on how market syndicates work and how to decode their moments so we can trade with the tide and not against the tide. This course is definitely worth attending! It summarizes the essence of many top market secrets, so do attend this course!"

~ Bing Han



"I am a graduate of Robin's MTM Course, and have since turned to full time trading. The most important skill I learned from the course is how to analyse volume distribution and accumulation, which I will apply to my own trading plan. In the class, Robin used many different scenarios to reinforce his teaching, which is very beneficial. The course has helped me to better prepare for my trades, execute my trade plan and follow through with it!"

~ Tony

All posts and charts are for educational and illustration purposes only

Dow - Summer Correction Could Have Just Started!

Although Dow is sitting on its 50 Days MA, the deceleration in Price/Momentum , prices reaching the upper trend channel price target and breaching its 1 year uptrend channel are ominous signs that the summer correction is on its way. Dow has initial support  between 21430 to 21520. If 21430 is breached, it could head south towards 30980 and 20780. This blog is bearish on Dow!

All posts and charts are for educational and illustration purposes only

Best World

I shared the chart below about Best World at SGX Market Depth Seminar yesterday night. On 10 August, when the stock was at 1.495, this blog said that Best World has peaked and we could see a reversal of trend. This blog also said that a break below 1.44 will bring Best World into a bear phase. We have witnessed a massive sell down from 1.50 to 1.02 since 14 August. This stock should see support at 0.88, 0.95 and 0.98. Fortune favours the brave at these levels.

All posts and charts are for educational and illustration purposes only

Comfort Delgro

Taxi revenue continue to be a drag falling to 36m YOY in 2Q17 down 11%. The company expects its bus business to improve while the rest of the business will face challenges. On the charts, the price is poised to break the key support of 2.26. A breach of 2.26 will bring the price down to 2.21 and 2.04 respectively.

All posts and charts are for educational and illustration purposes only

NetEase

NetEase - 2Q results were weak . Revenue at Rmb13.4 B was in line but online gaming revenue was down 12%, ecommerce was a drag on margin , Ebit margin was the lowest ever reported. On the chart the uptrendline has been broken, its 50 days MA has been violated and the RSI has been on a divergence to its uptrend .  In the short term it could be heading to its next support at US  260. If US 260 is breached the next support is at US 240 and US 211 respectively.

All posts and charts are for educational and illustration purposes only

Best World

A great set of results that was largely priced in. A double top formation is in the making. Heading for next support at 1.44. A break below 1.44 will signal the stock has entered a short term bearish phase that could bring it down to 1.31 and 1.21 respectively.

All posts and charts are for educational and illustration purposes only

Robin Ho's Advanced Trading Course - Discover the Secrets of Short Term Trading! Hi there, Mr Robin Ho will be conducting his new 1-Day Advanced Trading Course next Saturday, 19 August 2017! Register Today and Save $100! »  In this new course "The Secret of Short Term Trading", Robin will reveal his unique advanced trading strategies that he has never shared in other courses - from mining for stocks to using advanced tools such as tick charts, price-volume profiles, and market depth! You will learn how to: Customise your own stock screeners Analyse Price Volume Distribution Detect BB Accumulation and Distribution Analyse Market Depth Analyse Share Ownership Structure Trade Rights Issue Trade Share Consolidation Trade at the Most Profitable Hours See what the participants of our previous runs have to say about this new course! We have limited spots left for this upcoming class! Register early to save $100 off the course fee and secure your seat! Register Today and Save $100! »  Your Trainer: Mr Robin Ho Robin Ho is a top tier Trader and Remisier with PhillipCapital, and is one of Phillip’s most active and successful trader. Having been through the peaks and troughs of the volatile markets, Robin is a well-sought after speaker who shares his in-depth trading knowledge with traders and investors at numerous investment seminars. Robin has taught and mentored thousands of professional traders. He has developed his own proprietary trading system that focuses on Price Action, which he believes is the answer to the volatile market today. He believes that many traders fail today because they have been employing long-term and traditional indicators to short-term trading; and to achieve trading mastery, traders must understand market behaviour and develop a trading strategy that fits the trader’s profile. Register Today and Save $100! »

All posts and charts are for educational and illustration purposes only

Course Announcement: How to Detect Red Flags in Financial Statements through Fair Value Accounting

Tired of being taken on a roller coaster ride by volatile stocks like Noble? Sometimes even experienced traders can be tricked by the price action of stocks, especially when we do not understand how to value the assets and liabilities of the company. The secrets hiding in the financial statements are more than meets the eyes, and it takes a pair of skillful eyes to be alerted to them. 

Hence, my friends have organised a course in collaboration with Dr. Kevin Ow Yong, Associate Professor of Accounting at Peking University, to share with you how to use Fair Value Accounting to detect red flags in financial statements, and protect yourself from falling into investment traps.

Extensively drawing on the examples of major accounting controversies, and using Noble Group as the subject of an in-depth analysis, Dr Ow will help you to see financial statements from a fresh perspective. You will be better equipped to apply Fair Value Accounting to gain an edge in your trading!

Sign up link and course outline are below:

How to Detect Red Flags in Financial Statements: Fair Value Accounting Determining the value of an item, asset, stock, and even a company can be a difficult task.  This programme provides an overview on fair value accounting, and how you can detect troubling issues when analysing financial statements.

Fair Value Accounting: Troubling Issues and Fundamental Concerns Conducted by Dr Kevin Ow Yong, Associate Professor of Accounting at Peking University 12 Aug 2017 Saturday • 9:30am - 12:30pm • International Plaza Register Today to Secure Your Early Bird Price! $250 $180 Click Here to Register! » Programme Objective This programme provides an overview on fair value accounting and some of the difficulties relating to the fair value measurement process and its implications to investors.  Throughout this course, we will also discuss some of the major controversies surrounding fair value accounting including notable examples such as Wells Fargo, Deustche Bank and Goldman Sachs. Other topics covered include auditors’ concerns about fair value accounting as well as a better understanding of the controversy surrounding fair value accounting for liabilities. We will end the talk with an in-depth analysis into Noble Group’s financials including a discussion of some of the accounting policy decisions that they have undertaken in recent years. At the end of the talk, seminar participants should have a better appreciation of the finer details of fair value accounting that ordinary investors would not be aware. This will strengthen their accounting knowledge and better equip them to deal with fair value accounting rules in their share trading decisions and fundamental analysis of firms’ financials. » Programme Scope Understand why fair value accounting is such an important topic Analyze real world examples surrounding some of the major fair value accounting controversies and how do firms deal with it Examine fundamental measurement difficulties regarding Level 2 and Level 3 assets and its implications to investors Discuss pertinent issues about fair value accounting for liabilities and its effects on the financial statements In-depth case study approach using Noble Group as our example » Who Should Attend Investors Traders Analysts Remisiers Brokers Accountants Students » Your Trainer: Prof Kevin Ow Yong      PhD, BAcc (First Class Hons), CFA, CPA, CA Dr. Kevin Ow Yong is Associate Professor of Accounting at Peking University. He holds a First Class Honours Degree (with University Medal) in Accounting from Nanyang Technological University and received his PhD degree from Duke University. He has also worked at Singapore Management University as an assistant professor and Singapore Airlines as a regional accountant and financial analyst. Dr Ow Yong has been a Chartered Accountant (CA) and Certified Public Accountant (CPA) since 2003 as well as a Chartered Financial Analyst (CFA) since 2002. He is also affiliated with the American Accounting Association (AAA), the European Accounting Association (EAA), the Accounting & Finance Association of Australia and New Zealand (AFAANZ), the Chinese Accounting Professors’ Association of North America (CAPANA) and the International Association for Accounting Education & Research (IAAER). His work has been published in several well known accounting research journals including the Review of Accounting Studies, Contemporary Accounting Research, Journal of Accounting and Public Policy, European Accounting Review, Advances in Accounting and China Journal of Accounting Research. He has been invited to speak at several top ranking China’s universities including Tsinghua University, Sun Yat-Sen University and Xiamen University. He was also invited as a guest lecturer to teach at Kozminski University, the top private university in Poland (ranked 45th by the Financial Times) and Kyushu University, widely regarded as one of the top ten best universities in Japan. In recognition of his research work, he has been cited in two of Singapore’s most well-circulated newspapers, the Straits Times and the Business Times on several occasions, and in CPA Singapore (Institute of Singapore Chartered Accountants publication), Accounting and Business (ACCA publication), Pulses (previously, the Singapore Stock Exchange Journal), Asian Scientist, Smart Investor, QFinance and CFO Asia, a publication of The Economist Group. He also won the Second Best Paper Award at the Chicago Quantitative Alliance Academic Competition, the Best Paper Award from the China Journal of Accounting Research Symposium and the Best Paper Award from the Third International Conference on Accounting and Finance (ICOAF 2017). He has received several research grants for his research work, including an external grant from the KPMG Foundation in 2011 and the prestigious MoE Tier II educational grant in 2015 for his research work on fair value accounting. Dr Ow Yong is currently on the advisory board with Brahm Centre, a non-profit charity organization as their Finance Advisor. He is also a member of the UAFRS Advisory Council with Valens Research. He has previously served on the Candidate Programmes Committee with the CFA Society (Singapore). Register Today to Secure Your Early Bird Price! $250 $180 Click Here to Register!

All posts and charts are for educational and illustration purposes only

MM2 - Great Run Up Could Have Ended

Great run up could have ended. After MM2 placed out $15m of shares to Starhub, the stock price has since been weak. Yesterday's news of MM2's upgrade to mainboard and Unusual's good result did not attract any interest in the stock. Watch the 0.505 critical support level. When it breaks, the next support levels are 0.405 and 0.365.

All posts and charts are for educational and illustration purposes only

Genting - Results Beat Expectations, Could Retrace Before Rebounding

Results of Genting Singapore beat expectations! Second quarter 2017 EBITA up 152% year on year to $293m. DBS upgraded the stock with a new target price of $1.45, which represents a 23% upside.

In spite of the bullish call, this blog is short term bearish on this stock, seeing how insiders were buying ahead of the results. It could retrace to $1.14 in the short term before rebounding. Any break below $1.13 will be long term bearish.

All posts and charts are for educational and illustration purposes only