


dchua1969
Please watch this interesting article and feel the cool nice breeze blowing along........... Nice , isn't it ? As I read this article, I can't help as if a REAL giant fan was blowing at me although I know it is not REAL, just an image in my mind, magnified by the LED image and the sound as well. And for a moment, I allowed it to play with my mind and...
Please refer to the day chart, potential profits targets and stop loss shown.
For nearly 2 years, the price of HSY has been falling , from a high of 280 to a 50% fall of 141 before it climb back up recently to 175. It is still in the downtrend as shown on the weekly chart. Yesterday, it rally near 6% , a welcoming surprise to its shareholders. With continuing drop in cocoa price, I believe we could see a breakout from the bearish trend for...
Buying now does not mean the price will not drop further. The thing about catching bottom remains an illusion for many, a brag for some during the lunchtime talk. I have nibbled some yesterday and will buy more if it drops further. As usual, please DYODD
Never mind if I am late in the game. I think there is still some room for the Aussie dollars to rally. I have indicated two potential profit targets. Please DYODD
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...
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.
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
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...
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...
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...
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
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.
Read this article here Expecting an upward trajectory though not a linear parabolic moves up..... As usual, please DYODD
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...
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...
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...
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...