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Gaming is here to stay for a long long time.......Think of 3 things in your life that you are highly dependent on. Ready? 1 , 2 , 3 1. Social Media 2. Fast food 3. Mobile Phone I did a quick survey among my circle of friends and came to the above conclusions (may not be conclusive). It is tough to imagine kids today will spend time to play Monopoly or Scrabble games (a luxury in my childhood time). Of course, there are cafes that cater to such demand but it is a niche. Just take a look when you are out of your house. Are you not surrounded by a myriad of fast food outlets ? From KFC, Starbucks, Long John Silver, MacDonald, Burger King, etc I see families going to MacDonald on weekends to take their breakfast whereas I belong to the "old school" and still prefer the old type coffeeshop where they served 2 soft boiled eggs, 1 cup of hot beverages and toasted bread. I take public transport daily and without fail, at any time when I am on the phone, it is becoming a rarity to see someone holding a physical book to read. Really tough! 9 out of 10 are glued to the phones be it listening to music, playing games, reading online novels, watching drama or simply swiping contents on their Tiktok or other social media platforms. How times have changed? Gone are the days where hard copy newspaper are found in households but these days, one get overwhelming amount of news, including fake ones and updated so often that it is becoming a nuisance! Stickability - that is how these companies have made its consumers over time. Just like tobacco products. No matter how much fines the countries government imposed on these deep pockets firms, they always have excesses to stay above the line and made astronomical profits. For Tencents, I continue to stay invested and looking at the chart, I believe a possible trend reversal is near or here. I will nibble some today and continue to monitor the chart. Stay tuned and please DYODD.
HKEX:700Long
by dchua1969
1
Airline stocks - victims of Protests and CoronavirusAlready suffering under the curse of the HK protests, Airline stocks are heading south and now with the Coronavirus and being banned from outbound tours, we are of the opinion that we will see more dark days ahead for Cathay Pacific, among the other airline stocks. Currently, it is settling at 9.58 , may rebound a little and likely to go further south. So long as it does not break the bearish trend line, this stock is unlikely to see the light at the end of the tunnel and has more downside to go. For those who wish to short, wait for it to break down the 9.58 support. It still has a good 2+ dollars plus profits to be made if it hits the 7.05 level. Trade safely, always use a Stop loss and employ appropriate risk and capital management.
HKEX:293Short
by dchua1969
Latest kid in town - ChatGP stocks - Hype or Trend ?You can see from the daily chart that these 3 stocks have broke out of its resistance level since May 2022 and have gotten the Chinese traders/investors going bonkers over them. I will not rush in at this moment as it has gone up way too high and its financial stability of the companies remain questionable. At this juncture, the US is just starting the trend with Microsoft and Google competing head on. Let's be patient and let the dust settle a while more before deciding the next course of action. If you have itchy fingers and must trade, please make sure : 1) you are using money you can afford to lose 100% 2) you have set stop loss for each trade 3) you only buy one of these 3 or other china ChatGPT stocks
HKEX:2390
by dchua1969
Should you be concerned about falling price of your stocks?Well, the answer depends ! If we take a look at Alibaba shares, we can see that it has reached its 52 week low at 60.25. But Alibaba is more than an e-commerce store with diversified investment in cloud infrastructure, retail, internet and technology. We all know about the disappearance act of Jack Ma and how he vanished into thin air after the last public speech years ago. Rather than speculate what happened to him, we need to understand he has long relinquish his controlling position in Alibaba and let the executive directors take charge. It's latest better than expected Q3 results have started once again to whet the appetite of many international investors and fund houses to go LONG on this company. So have I. On the other hand, if we have to compare, i would say Amazon comes close in terms of its e-commerce part of the business but look at the chart. It is still within the bearish trend and has some time before we see it break out. There is a saying that buying China stocks is RISKY because you never know what the CCP will do - look at the educational listed companies that plunged more than 90% in share price within the day. Strictly looking at the business part of Alibaba, I believe it has strong financial standing with tons of cash to funds its R&D and also it is usually in the forefront of technology. Not forgetting there lies a possibility of Ant Financials IPO. That could give Alibaba the catalytic boost it needs. More importantly, if we are not peaceful over short term price volatility and constantly watch the price action, it sends nothing but frustration and anxiety to us. Then, it begs the question of WHY are you buying into this company in the first place ? Is it FOMO ? Is it some hearsay? Did you do your own due diligence ? If yes and the business has not deteriorate in any way, shouldn't the price drop be seen as a good chance to accumulate ? I have also shared about my thoughts in diversification. Buying solely into one company does carry more risks than a basket of tech stocks like ISHARES TECH or PNQI ETF. The latter strategy works best for those who have limited capital or recurring capital to top up each month. Do not look at the stock market as some form of lottery ticket wins and you will be much better in years to come. Of course, this represents my view and it is not to be construed as a buy/sell advice. Please DYODD. P/s: I am vested in both companies at time of writing.
HKEX:9988Long
by dchua1969
4
9988|Alibaba Wave Projection | Bullish Divergence - Rebound?Price action and chart pattern trading - Minor downtrend ending diagonal pattern with MACD bullish divergence > A possible wave 4.3 minor downtrend wave at the lower support 0.786 extension of wave 4.1 and upcoming rebound wave 4.4 to 0.382 - 0.5 fibonacci retraced from wave 4.3. > Target upside +10 - 12% while downside is -6%, RRR: 1.5:1 > The final downtrend wave 5 could be slightly below Target H&S zone. Always trade with affordable risk and respect your stoploss, nothing is 100%
HKEX:9988Long
by dukeposh
1