dchua1969

dchua1969

Using one of my favourite stock as an example, we can see from the weekly chart that price has gone up by 42% from the low of 190.6 which was the first buy zone. Second buy zone was at 264 price level and the third price was at 348. We can witness the 4th buy zone soon after it breaks above the resistance at 458. As it is a week long holidays in China, the...

dchua1969

When we take a step back and look at the weekly chart, a lot of things suddenly become much clearer. First , we see that there was resistance at the 59,940 price level and in 2021, it created a fake breakout to trap even more buyers ONLY to slam on them hard for the next few years.........crashing the price to as low as below 15,000........ Fast foward to today,...

dchua1969

When I draw chart like this, many will regret not buying at the low of 0.634 price level. The point I am making in this chart is it is not always possible to predict the bottom but on hindsight now that the price action has formed a pattern that it becomes clearer...... Don't beat yourself up for not scooping it up at the ultra bottom but more importantly , are...

dchua1969

I posted my prediction about shorting the USDCNH pair sometimes in November last year....... Please read it here This is an update of that post...... After breaking down the important 7 dollars price point, if the sell down continues which I believe it will, then the next 2 support level is 6.71 and 6.83. How long will it takes ? I don't know but for those who...

dchua1969

Closer to home, we also witnessed an all time high for the Singapore stock market. The last time it hits 3573 price level was in 2007, almost 16 years ago............. With the banks taking up close to 50% of the index, it is also evident from the chart that DBS bank has been rallying 2016 till its current price of 37.60........ It could continue the rally and...

dchua1969

If you have no idea how to join the recent rally bandwagon of the China parabolic stock market, the 2800 ETF may be a good pick. Here , it shows you the top holdings of this fund where you are buying into the who's who in Hong Kong ! Some may prefer to stock pick and go for individual company like Meituan, Alibaba, Tencent ,etc , to each his own. I am vested in...

dchua1969

With more rate cuts coming up from the FEDs in the coming months, we can reasonably expect the big banks in China will follow suit as well. Already, the government is pushing stimulus for these banks to lend out more money by lowering the RRR. But, is it enough? Loans business remain sluggish in the 2nd largest economy. Read here It will take at least 12 -18...

dchua1969

Nobody knows until the next sets of data starts to roll in . With the upcoming Labour Day holidays, 1st Oct, it is reasonable to expect more Chinese will travel if not outbound , it will be inbound travel within the country. Hospitality , Food & Beverage sectors, entertainment, shopping malls should benefit from this holiday. We can see from the weekly chart...

dchua1969

Referring to the weekly chart, we can see a strong bullish candle piercing above the resistance line at 396.6. With the strong government measures benefitting all sectors (not Banks) , I expect the rally in Tencent to continue with more sales revenues coming in for Labour Day (1st Oct ) and Singles Day...... Let's wait for a good pullback and add more to this...

dchua1969

If you have not heard the news, please read here I think this is not the end of the stimulus but the beginning as the government is going all out to get the economy back ! Here , we can see that many companies are still suffering in the red with bankruptcies rate accelerating as well. Time is of essence as the GDP target of 5% is important to meet for the...

dchua1969

Rising tide move all boats , so we can see the much awaited news of China government releasing trillions of money into the housing market and encouraging banks to lend out even more money by cutting the reserve requirement ratio by 50 basis points. It was euphoric yesterday with HSI rallying more than 4% and all tech shares going up to the moon, much to the...

dchua1969

It's never too late to join the party. Just because you did not catch it at the bottom does not mean you are excluded from the party. Some parties last longer than expected and I think this EURSD LONG party has barely started........... Please DYODD

dchua1969

The long term bullish trend line is about to get broken down. Adding more shorts on this pair.

dchua1969

Yes, there is still an ongoing trend with the bubble trend in many countries and Baichadao is one new entrant. However, the financial figures indicate that it could be losing market shares from competitors like Starbucks China (global brand and also suffering weakening revenues as consumers tend to spend more). This consolidation stage can last from weeks to...

dchua1969

With the forthcoming rates cut , we can expect the USD to weaken, falling below the 100 mark and this means the EURUSD pair should rally towards the 1.15 price level. Please DYODD

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.