dchua1969

dchua1969 Updated 

It has just reached its 52 week low at 30.70. I believe with the current interest rates environment (deferred cutting of interest rates) , in the short term, I expect more volatility and the price might falls below 30. While it is positive news that WHEN interest rates begin to fall (everyone was expecting in June this year but now seems Feds is kicking the can...

dchua1969 Updated 

I am not so concerned about its property exposure since all big local banks in China have loans with the property developers. It is negligible at 1 over % compared to its insurance, tech, etc businesses. As a corporate, while its dividend of 8.8% may seems attractive, there will be a capital withholding tax of 17% compared to 8% net from LINK REITS. Of course...

dchua1969 Updated 

Could the Fed change their mind and not do any rate cut this year ? It is possible. First, the question was how many - 2 or 3 then when will they cut , May is out then they said is likely June and now maybe in September...... Reits does not do well in a high interest rates environment and thus explain the reasons why they have fallen from their peak, some 50-60%...

dchua1969

Read this news here www.cnbc.com So, you can go to the money changer and change into these foreign currencies so you can spend more in these foreign countries. Of them all, Japan should be the most popular as it offers much variety in terms of its nature, food ,culture, etc

dchua1969 Updated 

Please DYODD This is where I am planning to go LONG for this stock. Probably towards Q2-Q3 , hopefully earlier, I expect to see some form of sector rotation with tech stocks retreating and the healthcare stocks coming back into the limelight. This would be a good time to accumulate.

dchua1969 Updated 

If you have not been reading the news, last night was the first day of trading for several Bitcoin ETFs that many are excited about. BTCUSD had a great run to 49,000 before retreating to close below 46, 915, a previous resistance level on 21/3/22. Now, we can see from weekly chart that the peak is around 65 038 level and that is also the triple top formation, a...

dchua1969

Still in the Red for this ETF, a little disappointing since Electric vehicles will need lots of lithium. I will want to buy more at later stage when I see an uptick of sales of EV globally.The adoption rate is not as high as many expected with infrastructure, conversion, batteries, etc issues still hanging. I am looking at end 2024 to early Q1 2025 to review this...

dchua1969 Updated 

So we are witnessing a 15% fall from the peak for Apple shares which scares the hell out of some investors. At current price level , 168, we see a pretty strong support from two previous occasions, Sept and Oct 2023. I plan to nibble some tonight at 166-168 price level . I think this presents a good accumulation entry point for long term investors. Please DYODD

dchua1969 Updated 

It has risen more than a 1000% since 2014 at less than 20 dollars. The brand equity is so strong that each time I passed by an Apple Specialty store, it is always packed with people. It has become a "must have" item to have despite many claims it has lousy battery power, software issues breakdown, etc. Personally, I have changed my Apple Watch twice for not able...

dchua1969 Updated 

Chart wise, it looks good with multiple support at 217.54 price level and it is still trending upwards. There is a 31% potential upside to the next resistance level if one enters at current price. Read article here

dchua1969 Updated 

Putting emotions aside about how unhappy, disappointed and frustrated with the China stocks, some people I spoke to are thinking to scoop more once the price reaches the support level. Just because it has rebounded on previous support level does not necessarily means it will do so in the future. It is possible, plausible and probable that it might falls through...

dchua1969 Updated 

Drawing the 2 bearish trend lines, we can see that this stock is soon to break out soon. 2 Options - await pullback and go long OR wait for it to break the main bearish trend line around 15 dollars before going LONG. This approach is more conservative and less risk taking but the downside is buying at slightly higher price. Please DYODD

dchua1969

Both of these Reits have fallen from its grace since 2019 peak. More than 70% and I think the bottom could be near....... There wasn't a historic low to benchmark so it is anyone guess that how low it could go down further........ With Fed confirming its first rate cut in June this year, I anticipate REITS to start a trend reversal and begin its climb back up....

dchua1969 Updated 

Using this as my last post for today, I am hoping the Chinese New Year starting tomorrow will usher in more revenue for KFC and Pizza Hut in China. Looking at the 4H chart, we can see a ultra bearish candle on 7 Feb with a gap up. Thus I am awaiting for the price to come back down to 292 support level to close the gap before deciding to go LONG. I also take...

dchua1969 Updated 

I am betting on the Chinese B (Baidu), A (Alibaba) and T (Tencent) shares again , having seen their share prices fallen more than 50% from its peak! This is a long term investment , with time horizon 5 years and more. Is this the bottom ? I believe so as the Chinese Government is taking this opportunity to shore up its economy and the need to appease to the...

dchua1969 Updated 

There is a strong support from the weekly chart at 39.19 price level and I will wait a while more to assess if there is bullish pattern before buying into this ETF. From the companies listed here , it provides an inexpensive way for investors who wish to stay invested in India without buying into individual company which can be costly from wherever they are...

dchua1969

Read the latest news here I hope either MSFT or META would acquire the TikTok business in US and if it falls through, it will add value to their existing business especially META. Some said X would be interested but I doubt so. Looking at Tesla recent share prices, it has been trending downwards and with their aggressive price cuts, there is basically no...

dchua1969 Updated 

This counter has presented a short term LONG position for me. I entered around 5.02. Please DYODD