dchua1969

dchua1969 Updated 

For those of us who had gone trekking the mountains before, we know that to reach the peak , it is not a linear path. Often, we have to manage the steep downhill , climb the uneven uphill and these will go on for umpteen times before we get to the peak. The stock chart acts in a similar way, imo. You can see the red arrows showing the downhill where we have to...

dchua1969 Updated 

Read these articles here , here and here It is fairly difficult to predict if the price of 60.55 on 7 Nov 2022 was the bottom for GXC ETF. If option 1 happens weeks/months later, then on hindsight we can said so. However, there lies another option (which imo is more likely) and that is more sideway movements first. Can it come down to the support level at...

dchua1969 Updated 

It is highly likely beside closing the gap as shown in the chart, if the overall market did not show any bullish signs, then we can expect this stock, JPM to to revisit the March 2021 low once more. From there, it will consolidate for a while before we see any rebound.

dchua1969 Updated 

I expect the price to break above the resistance of 70.65 and goes higher , first to 75 then higher this year.

dchua1969 Updated 

We see a possible ABCD pattern forming in the weekly chart for OIL commodity. In my opinion, the reopening of China will allow the millions of Chinese to be able to once again visit their favourite countries, Thailand, Europe, Asia countries, etc. Many countries are highly dependent on the high spending power of the wealthy Chinese when they travel abroad. As...

dchua1969

Few followers panicked when the Nifty had a sudden drop of 6-8% within the day and caused panic and some of the late buyers were caught off guard or get margin calls............ I had said before, when you buy an index , it is a basket of blue chips companies in the respective country represented by different sectors. So , you got margin of safety in terms of...

dchua1969 Updated 

No hurry, awaiting for this stock to come own to this level - 206 to 218 to consider going LONG

dchua1969 Updated 

Someone asked me to chart this company. Here you go ! On a short term trade basis, you are likely not to have too big a stop loss gap to consolidate your capital base to fire more ammo on other stocks. However, if you are a long term investor and believes in the fundamentals of this company (please DYODD) , then there is a possibility that it might revisit a...

dchua1969 Updated 

Absolutely no UNLESS you have lots of spare cash or ignorant that you can get it at a lower price. Then again, who's right or wrong will depend on a later time when you look back. Look at Meta chart ( ) Of course, it could still comes down to close the gap before going up, the question is when . I also showed how long the gaps took to close in Amazon case....

dchua1969 Updated 

I hope it would retrace to the 2nd support level at 143.19 so that I can accumulate more. Approximately, had you invested in this company in 2004 , 20 years ago, you would have made more than 6000% returns, 10 years ago, more than 500%, 5 years ago, more than 200% and 1 year ago, it would be 105% returns. Imagine if China is willing to open the market for...

dchua1969 Updated 

I get several questions regarding HSI , 2800 tracker fund ETF, etc and it seems some are panicking why the market is down for the last week or so. Firstly, the bearish trend has ended (hopefully) and we are up almost 33% from the low until the recent pull back of 8% which is quite normal for any stock market. Already, we know that the CCP has ushered many...

dchua1969 Updated 

We are all motivated to do things out of own interests, whether we know about it , admit it or not. There will be and will continue to have analysts, brokerage firms, famous gurus, coaches, myself included sharing with you a particular stock and you may be tempted to go with them. Before you do that, I suggest you DO YOUR OWN RESEARCH no matter how convincing...

dchua1969

From the weekly chart, we see a bearish engulfing candle closed for the week. With the negative PMI results and if no positive news next week to prop up the market, then it is likely to go further south towards 310.80. There, I will wait for bullish signal before buying more.

dchua1969 Updated 

Read this interesting story here :https://www.shine.cn/feature/art-culture/2306162717/ Our mind is constantly bombarded with news, false information, fake news, rumours, gossips,etc everyday. Our attention span is decreasing by the seconds each day upon receiving a piece of news. We are too scattered and deplete our energy over many useless stuff that steal our...

dchua1969 Updated 

This could be a good opportunity to scoop up more shares of ADOBE later this week/month. If it falls through the green bullish trend line and falls further south towards the support line between 258 to 278, that would be an attractive price that I would buy more.

dchua1969 Updated 

The HK stock market (HSI) has fallen more than 5000+ points from the high of 20,000 in July 2023. In Feb this year, I made a bold statement , making a crazy prediction that the HSI has bottomed in Jan 2023 and has been slowly accumulating this index via 2800 Tracker Fund ETF. Fast forward to the recent week, we witnessed a straight near 10 days of bullish...

dchua1969 Updated 

First thing first, just because someone introduced you a stock, it does not mean you have to BUY. WHY must you follow others' portfolio to a T? Everyone's financial objectives are different, with different time frame, expectations, risks tolerance, etc. DYODD - are you familiar with the business ? Is it undervalued? How is it's financial performance ? Don't just...

dchua1969 Updated 

After falling from the peak at 416 on Jan 2023 to a low of 260, it has since recovered by more than 10%. We can see the price level has broke out of the descending wedge and an important support at 295.80 must hold else it will falls back into the channel. I will be monitoring closely before adding more..... Please DYODD