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Asian market is awake🔥Do you like stocks, wolves?🔥 There is one new formation on Zhongsheng HLDG with ticker 881. Head and shoulders pattern with possible breakout. After this two scenarios are expected. First, the price may enter into the correction and retest new resistance level. Second, the price may fall till the price target with no correction. So follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
HKEX:881Short
by Berzerk_invest
When in doubt, stay away !Read this article here I have spoken about trading and investing with financial products that you are familiar about. Options trading touted by many "gurus" online that it is an easy way to make money, spending just 30 minutes a day and winning 90% of the time. I have my fair share of doubts on it and have stayed away thus far. To be fair, I ain't got the time to dive deep as my plate is already full with currencies, commodities, index , ETFs and stocks. I believe a diversified portfolio on this products is more than enough (for me). I have also shared that it is better to stick with international brokers that charge a bit higher commission but with stable platform and they are credible. I know there are rising number of brokers that charge zero % commission but again, I will put them aside for now. If you have a good strategy, watch your stop loss , manage your capital and risks well, then paying that small % out of your profits as commission is OK, imo. Here's another article for you to read and reflect ... Put yourself in their shoes, if you are operating a business, you need profits. So, if they are offering you such a good deal , then how are they making money ? That itself is a red flag and would serve as lesson for you stay away (at least for the time being). Do not spend countless hours chasing the lowest brokerage , comparing them , etc when you should invest your precious hours honing on your charting skills, evaluating good companies to invest in. I hope this serves as a good reminder to all, especially those new to trading and investment. I like this company for a simple reason. Charging cars that passes the toll highway is a cash cow business. Once the government agrees on the contract (read here ), the company has no competitors fighting for this share of the business. Of course, investment is required to set up and all but this can be recovered over the years. A relatively simple business model that is not complicated , needed by many.
HKEX:1052Long
by dchua1969
2
SCAM ALERT - YUANPAYRead this website Folks, it is sad that I am writing this to forewarn my followers and any visitors to my post about this so called investment. 1. Do not be fooled by any company that has a website. Anyone these days can register a website , bought off nice cool templates and make it looks "professional" 2. RUN with your life - when you hear low risk like invest $1 and get 400 times the returns , you run for your life ! DON"T LOOK BACK, DON"T THINK THRICE, JUST RUN AS FAST AND FAR AS YOU CAN ! That is my best advice. With the exception of lottery which is legalised in most countries, they work on the game of probabilities and are guaranteed by the state government to pay out. How it works ? Simple - Collect enough $1 from a wide population and pay off a relatively high reward like $500,000 to $1,000,000 , the balance is their profits. The question is most would not settle for $1 , they will increase their stake to $50 or $100 hoping to increase their winning chance, right ? So only a certain % of people that buy , if buy will pay $1 and the majority (IMO) will pay more than $1 but the reward is already fixed at $500k or $1M to entice people to part their hard earned money. Actually many businesses operate on this same mantra as well. Insurance company is one good example. Collect premium from many policy holders and based on the actuary calculations, only X% of people will passed away at this period of time. But the collection of premium and the investment from it will far outweigh the pay out. Again, premium can varies as agents peddle different products to suit your "needs" or wants. YuanPay imo, is not something that I would want to read further, find out more. PERIOD. It stirs up the greed emotions in people , to entice them to part their money . To lure them out of their comfort zone by having all these testimonials saying how easy it is to make money. Just think for a second. If you can invest $1 and make 400 x and is a sure win, would you not sell your grandma and dogs for any cash to bet on it ? Otherwise, where is the catch ? Not sure, don't know, suspicious ? Then, stay away ! No need to be a whistleblower or try to be the next Sherlock Holmes. Leave it to others to go find out , may be it will take years. These "entrepreneurs" are merely riding on the recent trend of the digital currency in China and trying to make as much money as possible. In any investment, when there is no legal recourse, you have to dig hard and do your own homework coz if you cannot control your emotions, by the time you realised it is a scam, it may be too late. Memories are short and people forget about their lessons , even very hard one like these : www.asiaone.com www.cnbc.com timesofindia.indiatimes.com www.channelnewsasia.com www.straitstimes.com You can see from traditional plantation scam in India to the latest ecommerce scam, these entrepreneurs/scammers are keeping up with the times. What has not changed ? The greed of human beings, wanting to make money easy and fast. And that itself motivates the scammers to set a trap for you. A suitable bible verse here for our enlightenment - 1 Timothy 6:9-10 ESV / But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs. P/S - ZA online has nothing to do with this post I am writing but I need a chart before I can pen up this post. I am adding more on ZA Online.
HKEX:6060
by dchua1969
8
Chart of 82-V1 GroupSomeone requested for this chart. A quick glance at the weekly chart tells me that it has been on a downtrend since 2007. It took 10 years for it to breakout of the bearish trend. A 4 dollars stock is now worth below a dollar. That itself rings a bell! Based on my limited understanding, unlike SG, there is not many bricks and mortar shops that "promotes" sports betting in China. My stay in Shanghai, GZ and a few other cities reveal the same patterns. Things may have changed now, I don't know. Friends there tell me they love to buy stocks as a quick way to make money. The more wealthier ones will buy properties and flip. Of course, there is a gambling culture in China and you can see that in the casinos. Read some of the earlier articles( here , here and here ) and you will know who are the high rollers ! Back to the chart - even after breakout from the bearish trend, it takes another 3 years of consolidation before we see a decent shoot up in Feb 2021. Now, it is facing some resistance at 0.96. If it can breaks up with strong buying momentum, then it may continue to rise higher. However, if the recent rise has been overbought without substantial backup from sales or growth stories, then we can possibly see a pullback soon. This may tumble the price and let it hoover around the resistance level. At best, this is a speculative stock that I would consider but if I have to choose one, it would be 500.com (WBAI). Compare the chart and you would see both businesses share similar chart patterns and identical 90 degree breakout. Of course, 500.com recent acquisition along with BTCUSD hitting above 50k could be a factor as well. I hope this helps in some way.....
HKEX:82
by dchua1969
2