Read latest news here
Wait for the pull back (maybe it will close the gap) and see it fly higher up. Those who get in now are riding on the 5G technology which China is way ahead of any countries in the world.
More than any colours, RED halts what we are doing and demands our immediate attention.
Like this chart, the moment we see this 40% plunge and a very sharp long red candle, our mind conjures images of losses, further plunge, bear market is coming, etc.
Most people when they encounter lots of blood presence are too shocked to do anything (unless you are a trained...
If you have not taken any position, wait.
Many are saying DXY is going to turn around judging from the double bottom it has formed thus far. That I agreed. However, in order to have a reversal, we need to see a series of LL and HH to justify the breakout pattern. Has it ? No as you can see from the chart.
Both EURUSD and DXY are locked in a consolidation...
Imo, it is not ! Working on the bigger time frame like weekly and daily, Silver is still enjoying a bullish run.
It had a pretty serious tumble last night, collapsing the price to more than 14% at one stage.
A few important lessons here :
1. Commodities be it silver , gold or palladium are highly volatile in price movement as we had seen its parabolic bullish...
Looking at this chart reminds me of Next Digital which I had posted yesterday.
This stock tells me a few things :
1. Weekly chart is on a long term bearish trend
High of 72 in Sept 2014 to a low of 4.00 in 2020
(This warrants further investigation)
2. Reasons for buying this stock
What attracts you to buy this stock ? Is it in an industry that you are...
This is a request from a follower.
From the chart, we can see that the price action has broke out of the weekly bearish trend line. This is crucial to see the big picture.
Next, the price action is travelling in a upward channel but has now meet with some resistance (at 9.05)
Please compare this chart with the one you are trading with as it can be different....
Read this news .
If you are a value investor, the chances of you buying this company is slim. During its peak, it was at a high of 4 plus in 2005 and have been tumbling for the last 15 years to an ultra low of 10 cents stock in 2020.
So, today's spike of 138% is at best a speculative move by some groups who wanted to push the price up ( pump and dump game)....
If you examine the type of stocks to buy from the perspective of marketing, then it becomes much more interesting.
This Covid-19 has been a game changer for many industries but the few that sticks to consumers, good times or bad times, recession or not, they were always be there.
The vices industry like alcohol, tobacco are going to be there no matter how much...
In many parts of Asia like India, China and many parts of SEA, gold is a BIG thing when marriage is concerned. Parents will generously provide the brides with lots of gold accessories from necklace, rings to earrings, etc to signify abundance, good luck and prosperity.
As such, parents also invest/buy gold at retail shops which drives up the demand for gold....
The chart tells us it is facing a resistance at 306.50 after closing the gap.
It could break out and continue to go higher but the fundamentals are weak so it could possibly fake out a breakout, touch the upper channel (around 325) before plunging down again.
The all time low is at 160.10 last visited on Feb 09. To short, wait for the breakdown of the lower...
Read the latest news here
You can say that the Covid-19 has hit the travel and tourism business hard, real hard. Those who have been to the casino knows the atmosphere is different from betting online. It is not just about the winning but the ambience, the people, the light and sound all curated into an exciting place for people to try their luck.
I dunno if...
Read article here
If we look at the chart, we can see that CN50 has break out of the resistance in 2015 at 14,828 on 7 Jul 20 and is now at 15,146.40. From a technical perspective, those who had followed my post here can consider take partial/full profits and let the remaining units run.
The key support at 14,969.70 now is crucial as it indicates the future...
It took 6 years plus for this pair to break out of its bearish trend. As the dollar continues to
fall further, then, NZDUSD will continue to rise (ie. bullish). In the short term, USD will rebound, meaning all pairs against USD will fall.
However, I think the rebound for USD will be weak and will continue to fall again. This trade idea will be invalid the...