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Cherish your life Please spend a minute or two and join me to pray for the family of Mr Wang Long. Read his story here There are many compartments of our lives, depending on which stage we are in. We have Family Health & wellness Career Hobbies/Interests Spiritual Finance Community The above is just a rough guide and you can slice and dice the way you want to run your life. While making money is important since we need a certain amount to sustain our lifestyle but it should not be overbearing and take over all areas of your life that lose focus on the other areas. There is a chinese saying, when young , you have health but you did not take care of it and slog and toil and play , diminish its importance and when you aged, you have money but no health. Often, I see mens and womens in their 50s-60s on wheelchairs and some even begging on the streets. Think of it this way - you can lose all your money and start over again but if you lose your life, that's it. Same as diversification in stocks strategy, we must also diversify our time into other important parts of our lives. Yes, having losses is painful, having to pay off the debts is painful but to take one's life and leave the family behind is even more painful to bear. Where there is a will, there is a way , so we must exercise prudence in our investing/trading and not let it affects our lives too much. What goes down must come up and what goes up will also come down. Like the four seasons, each has its time. Ecclesiastes 3:1-22 ESV / For everything there is a season, and a time for every matter under heaven: a time to be born, and a time to die; a time to plant, and a time to pluck up what is planted; a time to kill, and a time to heal; a time to break down, and a time to build up; a time to weep, and a time to laugh; a time to mourn, and a time to dance; a time to cast away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing; ...
HKEX:175
by dchua1969
3
Tencent 700Hk - Slow & SteadyCurrently at a 24% discount off the peak of 775.5HKD on 17 Feb 2021, China/HK techs been facing alot of noise due to China Government policies to rein in the tech sector. Currently after the 2.8Billion USD fine on Alibaba, there was a major news selloff on the 13 Apr 2021 that regulators invited most tech for a meeting such as Tencent / JD / Meituan / Pinduoduo and more. However a major contrast was that the techs were all given 1 month notice to change and adhere to the guidelines which shouldn't be an issue. Key point to hold long term generating massive revenues from mobile gaming such as PUBG MOBILE and continue churning out games (E-sports as ongoing trend) PUBG Mobile was the highest grossing game in 2020, generating $2.6 billion in revenue. It has been downloaded over 730 million times. In Q3 2020, over 50 million people played the game daily www.businessofapps.com sensortower.com Strong business fundamentals / balance sheet / well invested into multiple companies Target pricing on 11 June 2021 TP High - 700 TP Low - 641 For discussion & education, Invest at your own risk
HKEX:700Long
by Furball_Machines
Have a pie of Chinese Healthcare market Read latest news here and here What will be the new US President , Joe Biden stand on US-China relationship ? Will he continue to impose trade tariffs like Donald Trump ? How about the delisting of Chinese stocks on Wall Street ? If the latter continues to happen, we can expect more Chinese companies returning to HK to get a second listing. Chart wise, this IPO has gone up quite a fair bit from its IPO price of 70 dollars. Now, it is undergoing a correction and I expect 133.3 to 145.5 to be the next support level it will revisit before we see bullish trend resuming.
HKEX:6618Long
by dchua1969
2
Future of Tencent ?Yes like many investors, I too did not like what I had read thus far about Tencent and it subsidiaries. Article here Will it follow the fate of Baba where share price plunged more than 30% from its peak ? I suspect more volatility ahead for HK and China Tech companies and movement in Nasdaq could also have an impact on its share price. Now with the 1400 stimulus in the hands of the US citizens, would this 100 over billion dollars be pour into the market ? If yes, then we could potentially see a spike up soon and high tide rises all vessels and that would help the HK and China shares as well. So, for those who bought at a high price and feel you do not want to stomach further risks, then you may want to cut loss and buy back when it is cheaper. I own Tencent along with many other companies with some in the red as I bought at higher prices but overall portfolio still in the green. I am also taking partial profits for some stocks that have gone up quite a fair bit over the last 2 months. My short term trades have not been too good as well leading to some losses. So, I am taking a short break from trading and focusing on reviewing my portfolio. I could be taking some short positions to take advantage of the market volatility and I would post soon if I encounter any interesting company. Till then, stay safe, always use a stop loss, allocate proper capital and understand that market does not move in a linear fashion but series of ups and downs. It is what you do with your mind during this downtime that sustain you to go forward. For Tencent and Baba which I owned both companies, I find their business model are still intact and thus the recent selldown would be a good opportunity for me to accumulate its shares. But that is imo and I do not represent the majority so take a pinch of what I do and do your own due diligence.
HKEX:700Long
by dchua1969
1
Using triangle patterns to tradeIf you dislike using fraction to do your charts as I have shown here , how about the world of shapes ? One of the most common methods that traders used is triangle shapes pattern in charting. So, in Haitong Securities, we can see that it has been on a down trend since it hit 27 in Apr 2015. Now, it is reaching the apex of the triangle and you can see the price range that it is trading each day is also getting tighter and narrower. OK, think of the price action as a spring coil trapped inside this triangle container! As it is being squeezed towards the end, it gets tighter and it has to breakout. The question is UP or down ? Why stressed yourself to answer the question now when it is still far away from the apex ? Wait and wait some more. Now, must it reach the apex of the triangle before it breaks out ? Of course not! Again, like fractions, using shapes like triangle patterns is a GUIDE not a certainty. It jolly well can break out today, tomorrow with a parabolic 90 degree. See the 3 orange circles! Also, note, each time , the spikes get shorter and shorter as it comes closer to the apex of the triangle (being squeezed inside). So, when friends asked you , can I buy Haitong Securities ? What do you say ? Wait - that's my answer ( of coz yours can differ). Why wait ? Well, based on charts (not considering company fundamentals and other economic reasons), it has yet to break out of the triangle or break down the support line at 6.39. Since I am not keen to short stocks , that means I am buying only. And now would not be a good timing to go long. So, does that mean we must wait till 2022 for the answer? Well, it is a GUIDE. It can be shorter or takes longer than that for the breakout. So, buying now will carry higher risks since you are paying at a higher price. And is this triangle patterns in charting more powerful than fractions ? That is for you to decide....
HKEX:6837
by dchua1969
1