dchua1969

dchua1969

The support at 29.85 was fairly strong and the price point proven itself to a minor rally but ain't strong enough to break out from the bearish trend line. We are at this juncture once more where it could either break out soon and continues rally or revisit the support line at 29.85 , consolidate for a while more before the breakout, hopefully not a...

dchua1969

From the weekly chart, we can see we are still in a downtrend channel though the price has reached the upper channel. Will it breaks out and rally higher or ripe for another shorting opportunity ? The property market continues to register a downtrend despite numerous measures that the government has introduced. China is now the highest savings rate in the world...

dchua1969

From the weekly chart, we can see the multiple resistance that EURUSD has met at 1.100. Now, it has broke out of that level and heading towards 1.13. It is hard to tell if this is a dead cat bounce and ripe for another shorting opportunity as witnessed in the chart. Thus, if you want to go LONG or accumulate, make sure you have a proper stop loss in place.

dchua1969 Updated 

Read latest news here Post trading hours, the company has fallen nearly 20% to reach the current price of 418.85. I will be waiting patiently for the gap to be closed and see if there is bullish signals before going long. Tech stocks have gone up a lot, short term traders will be smart to take profits, investors - chill and await good opportunities to accumulate.

dchua1969 Updated 

Amazon shares has dropped 46% from its peak and the recent breakout from resistance turn support level at 101.57 was met with a bearish candle close last Friday. If this support level fails to hold the price, we can expect it to head further south towards 80.92 level. All eyes are now on Fed's chairman remarks this coming Wednesday and the basis cut in interest...

dchua1969

From the weekly chart, we can see that the share price will be likely revisiting the support level at 1356 level. Let's wait for this level and assess if there would be any trend reversal with a bullish candle pattern before going LONG...... IF this support level breaks, we can see the share price tumble down to the near 1000 level mark.....

dchua1969 Updated 

If you have already longed Gold at around 1700 price level, congratulations. You can either take profits or wait out. But if you have not long Gold this year, I suggest you take a break and wait for the signals. We can see that it is at the resistance level at 2075 price level and while the last few weeks have been bullish, we never know what's going to happen in...

dchua1969

Hopefully, this monthly chart reflects correctly that the bear market has ended this year in 2024 and not like some TA experts predicting that it will fall below the 15000 price level. Possible but imo, not probably......I could be very wrong so do take this with a huge pinch of salt...... If it does fall to 14, 487 price level, then it would forms a nice triple...

dchua1969

After 5 years of bear market, could we finally see the light at the end of the tunnel ? Possible. With this recent drastic measures , it becomes almost impossible to short the market and it leaves only those who are keen to LONG the market to come in. The short sellers, be it institutional or retail investors probably have to go elsewhere.... Those who are keen...

dchua1969

If you have not had a chance of taking a driverless taxi or robotaxi as it is commonly known, then you may be in for a culture shock when you take one. It's like an invisible driver seating in front of you, keeping his mouth shut and focus exclusively on bringing you from one point to another. Just like Uber, Grab, Lyft initially, they burnt cash to grab market...

dchua1969 Updated 

Looking at the holdings , I will need less bullets to buy into these individual companies especially I had missed BIG TIME on Nvidia. This war on semiconductor chips will make these companies that are manufacturing them very much valuable down the road. China is squeeze and is forced to build on its own, which will takes time but eventually , I expect China to...

dchua1969 Updated 

I am betting is a YES ! What if I am wrong ? I will have to wait for the price to find support at 120 price level and add more ......

dchua1969 Updated 

Historically, the triple top formation is supposed to be bearish. However, here in Apple's chart, we see it did not play out as expected. It went up a whooping 7% breaking the resistance level at 197.41. I won't suggest to go in now if you want to pickup this shares but wait patiently for the retracement. Then again, it may take weeks for that to happen. That is...

dchua1969 Updated 

as you can see , it is still within the bearish channel, no indication of trend reversal pattern. So what's the hurry? It might goes lower. To me, TA is reactive, our roles should be when this pattern emerges, what am I going to do? Let your research work - fundamentals secure you on the selection process. Everyone uses different metrics..... Could it revisits...

dchua1969

It has broken out of the weekly bearish trend chart. Let's wait for a nice retracement and starts going LONG......

dchua1969 Updated 

The fun or frustrations about buying shares is if you get it right , you make profits. But it also works the opposite ways. The longer you hold your losses the more emotional you become, blaming yourself for the bad decision (impatience, wrong capital allocation, too greedy, not sufficient research, etc). One thing we need to know as investors is stocks do not...

dchua1969 Updated 

Depending on how you define A.I. I think most investors would be familiar with these 3 M.A.N stocks ; namely Microsoft, Amazon and Nvidia respectively. All 3 stocks have registered a gain of 44% (Microsoft), 40% (Amazon ) and 120% (Nvidia) since the beginning of this year, 2023. This article here: www.cnbc.com shows that not all countries are receptive to this...

dchua1969 Updated 

Read the remarkable story here Allocate your capital to buy/accumulate at different support level