sngyuchao

sngyuchao

I've previously made a short call for AAPL. I just want to update here that the call still stands. The recent increase of prices for various Apple product shows more weaknesses in the business than strength. Previously they could raise prices indiscriminately due to strong (and foolish) fan base. With the global shortage of chips, AAPL is trying to make up the...

sngyuchao

I've been calling for SE short since the very week that it made the peak. My last 2 calls were for 1 short and 1 technical rebound. Well, the rebound did not invalidate the long-term SE short call. I've also voiced my opinion that Shopee's cost cutting is a little too little, too late. As of now, nothing changes. But the cost to rectify gets heavier everyday for...

sngyuchao

I am calling for a short in AAPL and actually the general equity market as a whole. I've already put up short calls recently and re-iterating is just so that more people might take note. So for those of you who wants to get your hands on an Apple product, maybe you can get Apple to pay for it by having a negative position of its stock and paying for whatever...

sngyuchao

I am basing this call purely on the notion that TSLA has broken down the trendline and using Fibonacci extension levels and support lines to see where the price targets could be.

sngyuchao

I am not sure what is holding up bitcoin except that the longer it held at this support, the worst it is going to fall. As can be seen from my chart, 2 waves down has already completed. What is not so obvious is that the first wave is actually wave 1 of a higher degree. The 2nd completed 5-wave is actually a sub-wave of a lower degree. That means, I expect...

sngyuchao

SPX has broken the horizontal resistance line and is still below VWMA(60). It did not rebound at this super strong resistance and that can only mean that the move down is going to be a crash.

sngyuchao

calling for a short for TSLA. Reason is really because I think the entire market still has a strong leg down and that TSLA is now below the VMWA(60) line.

sngyuchao

Apple has fallen a lot from the peak indeed. However, according to wave counts, it will be in still more pain.

sngyuchao

I am calling for the market rebound now and following are the reasons: 1. End of 5 waves 2. Strong horizontal support 3. Fibo extension level reached 4, Oversold on RSI.

sngyuchao

It's just recently that I called for a short on SE. But now, it seems like there is finally some hope of at least a technical rebound.

sngyuchao

Recently job cuts were announced at Shopee and the “seniors” are not going to take pay. All expenses are going to be reduced until the company turns profitable enough to be self-sustaining. But this stock is still a short. Whatever costs cutting they’ve announced is still not aggressive enough and is only meant to pacify the market. Naively thinking that that...

sngyuchao

I don’t usually post a supercycle because it is not that useful for a trader. But maybe it is good to use this as a reference when you decide on whether to have a long or short bias if you are trading the HSI. Other than the EW counts, take note of the red support line that I’ve drawn. That is a crucial support. I also particularly like the fact that A=C.

sngyuchao

When I analyze TSLA, I always refer back to Gold. Not because they are fundamentally correlated (if they are, I do not know). But I do that because I was heavily trading gold in the past and I remember chart patterns. That pattern happened in 2nd half of 2016. The price of TSLA is very very similar to the price action that happened on Gold chart on 9th Nov...

sngyuchao

It is my belief that crude oil will crash very soon. Here are the reasons in reference to my chart: 1. Price has toyed with the resistance zone multiple times and getting more frequent (violates it once). 2. My wave counting suggesting a potential compounded crash. 3. My general analysis of the broader markets (equities, crypto, precious metals) suggesting that...

sngyuchao

I would say that my previous call for SE is a wrong one because price did not go down but hover at the VWMA. Anyone who sell-short would have incurred carry and opportunity costs (unless my other ideas were followed and nice profits were made off them). But now that I am seeing the markets as going to have a major crash, I am re-iterating my short call on SE.

sngyuchao

Ideally, I would call for gold short around $1800, but given that anyone who followed my previous post on long gold would have made profits, I think it is okay to leave some potential profits off the table. Right now, it is at resistance zone, is reach VWMA, and with RSI in overbought zone, I think that the additional potential profit does not justify the risk anymore.

sngyuchao

Similar to my bitcoin analysis, I am expecting that NQ will also be going down because the up move is considered a corrective wave. Also, we are in a resistance zone now.

sngyuchao

As can see from my drawing, I believe that Bitcoin move up is a corrective way. The C wave is also potentially an ending diagonal.