dchua1969

dchua1969

Debt as Robert Kiyosaki said can be a double edge sword. On a consumer level, if you have outstanding loan , say credit card debts , it is 24% per annum and paying the minimum would be disastrous. However, on a national level, the government has several tools to play around to minimise their debts. Thus far, I have not heard of any countries that are debt free....

dchua1969

www.cnbc.com Don't take what the analysts take on the earnings too seriously. You would notice some companies have great earnings and yet the share price falls and vice versa. Anyway, I am queuing at the buy zone. See you there

dchua1969

I could be wrong but I think Mexico has a weaker bargaining power over US in the tariffs matter. As such, I would expect its currency to weaken against the USD sooner/faster than the Canadian dollars. Day chart shows 20.83 resistance level - if this cannot be break up, then I expect it to falter and get shot down fairly soon. Please DYODD

dchua1969

When viewed from the monthly chart, I realised it takes approximately 4-5 years for the price action to reach the peak level, around 1.46. There are many comments online saying that Canada should counteract with imposing tariffs on its energy to US and so on. Who's right , who's wrong ? I also dunno. I am awaiting for a good opportunity to short this pair , how...

dchua1969

Looking at the monthly chart, we can see that this TOP developer in China with more than 3 decades of experience has finally succumb to its heels with mounting debts and internal management issues that remains unresolved. We already knew the State Government has said they won't be chipping in this time to help prop up the property sectors (not forgetting the...

dchua1969 Updated 

From a weekly chart point of view, this pair presents the best risk reward ratio to buy into the strength of USD as against JPY, CAD, AUD, EUR, etc Please DYODD

dchua1969 Updated 

Once the price action returns back to the bullish trend line, then this trade is stopped out else we have two targets to look at, a pretty good risk reward ratio.......

dchua1969

Now, first thing first, this SQQQ ETF is a 3x leverage short ETF, so do trade with caution and $$ you OK to lose completely. Next, the Nasdaq has YET to break down from the bullish trend line and even if it does, it could also quickly reverse back. You can make 3x profits AND 3x losses as well with SQQQ ETF. Please DYODD

dchua1969 Updated 

I am of the opinion that the stock price is more likely to fall than continue going up. So, let's wait for the confirmation where the share price breaks down from the green bullish trend line. You can see the risk reward ratio is very attractive, using little capital for a good profit margin. We can also see after the peak on 11 July 2024, it has come down to a...

dchua1969

This is the ETF that I am invested in for the long haul......So, if my prediction is right, this fall to close the gap would provide a good opportunity to add more. Last night , 3% fall is pretty scary , due to Fed's announcement of rate cut so it might not play out as I had shown in this chart. That means, after closing the gap, there is a possibility that it...

dchua1969

Currencies play a pivotal role in the trading game, as in importers from China. They buy goods from US and pay in USD , therefore if the CNH is depreciating 2013, that means their costs will get higher. In 2013, 6 yuan equal to 1 USD , fast forward 11 years later, it is now 7.3 yuan to 1 USD. That is almost 11.8% depreciation on a YOY basis for the last 11 years....

dchua1969

These two pairs are commonly used as a proxy of the Chinese economy as it is commodity driven currencies. From this monthly chart, we can see how strong the US dollars has been since 2011. To date, both pairs are still in a bearish trend and I am of the opinion that there is more downside to go....... Please DYODD

dchua1969 Updated 

I have used this software before , it is quite user friendly with lots of templates for idiots who dunno how to create their own websites from scratch. Just type in the text you want and voila, in a short while you have a fascinating website that can be make known to the world. Things have changed so much then, from static to interactive websites to different...

dchua1969 Updated 

See weekly chart It has been hoovering around the 20-34 dollar mark since Feb 2023. It could likely hit above the resistance level at 34.20 soon and once it is established, we can expect it to go higher towards 48. Please DYODD

dchua1969 Updated 

Here's the daily chart for your reference. Please DYODD. Invest with capital that you can afford to lose. DO not borrow on margin to trade/invest. If you get good/lucky, you will become greedy and increase your margin and that is the point you go downhill........

dchua1969

Unless you are not a social media user, then you will know that the fate of Tik Tok in US is darkening by the days......... With President Trump taking over effective 20 January 2025, the timing cannot be more precise. The 45 days grace period is not useful since Tiktok has to consider selling as a prerequisite which they have no intention at all. The two...

dchua1969 Updated 

For those who had missed the Bitcoin rally, fret not ! The market always offer us opportunities if we bother to do our research. I have no idea how much more Bitcoin will continue its rally , maybe 80,90 or even 100k. But once that level is breached, it will goes sideway to form a consolidation. That is the time when altcoins will come into play and start their...

dchua1969 Updated 

I am bullish on this sector for the long haul and will be nibbling on this stock soon. Aging population, getting late to marriage and not having kids after marriage.......this combination will result in more singles, couples keeping furkids more than anything. Currently, the market is fragmented with pretty low entry and I believe over time, there will be some...