dchua1969

dchua1969

Looking at the monthly chart of Alibaba, it is unfortunately not out of the woods , yet ! Yes, there has been a slew of good news, government support, foreign investors pouring money into the big tech of China, etc. But, little does this move the bullish needle. The yellow circle shows a bearish pin bar and if it is supposed to work as it says, then I am looking...

dchua1969

In this 4H chart, if you observe closely - the orange circle shows the peak at 148 price level then, it falls to the blue circle at 146 price level before settling lower at the 143 price level. This is also where we are now. I believe it is likely to break down further for which I have indicated a potential profit target.

dchua1969

Looking at the chart, I remained bullish on the Euro dollars for the mid term. Those who followed , would have made some good profits. Any pullback on EURUSD remains a good entry to accumulate. As usual, please DYODD

dchua1969

For quite some years, it was the novelty, foreign and luxury brands that sits well with many Chinese who aspires a different kind of lifestyle, thanks to the western social media influence. Fast forward years later, with the continuing depressed property market, tepid job market and deflationary environment where many middle income consumers are reluctant to...

dchua1969

We have now breached the support level at 1.28288 and if nothing goes wrong, it should goes south towards 1.23684, a level supported since 2013. This is also good for those based in Singapore but are buying US assets - stocks, ETFs, crypto, etc as you would need less Sing dollars for the equivalent of US dollars. That means US dollars depreciate, Sing dollars...

dchua1969 Updated 

Catching the precise high to short is a tough game. I prefer to leave this to the expert. In the day chart, we have a nice bearish candle and here in the 1H chart, you can see my short position is more than halfway from the exact fall (coz I really can't predict the market movement). So, I have two targets for those keen to short, the 2nd one upon breaking down...

dchua1969

I expect some retracement to the support level and would accumulate more. Central banks worldwide are loading up a lot more gold than before. Read here

dchua1969

In many countries, you would have some payment processing companies with the global brand like Visa, Mastercard, Paypal dominating. In China, we have Tencent and Alibaba which I am invested in. So, if you like the fundamentals and growth story of these payment companies, buying into the ETFs may be a good idea. Here's three promising ETFs to consider.

dchua1969

Read this article here Expecting an upward trajectory though not a linear parabolic moves up..... As usual, please DYODD

dchua1969

WIthout considering the financial background of this company, I would not invest/trade in this stock. 1. We can see the price has already move from the support base of around 3.5-4.00 2. We are now 3/4 to the top and if reached it will form a triple top formation which is bearish 3. Question is we do not know how high will it goes before coming down for...

dchua1969

Now, I hope the HSI will moves to option 2 instead of option 1. I think the latter is less likely to happen since the central government has already thrown in a lot of stimulus and time to prop up the market. To let it fall back to this low level will be discouraging and harder to get people interested to invest in the market once again. I am also hoping the...

dchua1969

Gap or hole to be filled up reminds me of looking at your own wallet. How many times did you realise that you were low on cash (yes in SG, we still use a lot of physical cash) and needs to go to the ATM machine to withdraw money to fill it up. Logically, from the chart, it appears that option 2 is more likely to happen first before we think a rally picks up...

dchua1969 Updated 

I am still bearish on USDJPY. However, you can see from the shorter time frame, there are multiple occasions where fake breakouts happen. This usually stops out the traders with tight SL. Unless you have a clear strategy, after being stopped out from this pair, it is highly likely that you will move on to other pairs/asset classes to find your next pot of...

dchua1969 Updated 

Looking at the 4H chart, it has come down to the important support level of 1.1493. If it is able to sustain above this level, then it should have no problem surpassing the previous high of 1.16 price level. Thereafter, it may form a triple top formation and we see some retracement

dchua1969

I am bullish on gold and expects this move. It is now ding dong in the channel and once it breaks above, it should rally towards the previous peak of 3448 level. As usual, please DYODD

dchua1969

Read latest article here I have covered my regrets for missing this stock here and here From this article , you can see that resellers are investing/buying up these limited edition plush toys and selling online at a profits. See, you need not be dabbling in the stock market to make money. These resellers neither manufacture nor market these toys but were...

dchua1969

Halleujah! OXY share price has just breaks out of the bearish trend line since April 2024. I expect the rally to continue especially with the Israel/Iran war ongoing and the tension/chaos that it is sending to the investing world. Buy on pullback

dchua1969

In Feb 2021, that was the peak of Tencent Holdings at 700+ price level. Currently, we have cleared the resistance at 483.20 and I expect it to break above the 522 price level within the next few months. Once this level is broken up, it should head towards the 700+ price level. It won't be a straight line up as it was in 2020/2021 so patience is much needed...