dchua1969

dchua1969 Updated 

If the price fails to rebound from current support level at 101.85, then it is going to revisit 89.10 and possibly form an inverse H&S pattern at 78 price level before rebounding. Buy in tranches as nobody can predicts how the market will behave

dchua1969 Updated 

www.scmp.com www.reuters.com www.scmp.com With a crippling property market (www.businesstimes.com.sg), lower than expected domestic spending, stock market make a U turn barely after a small recovery, fund managers flocking to Beijing to meet top officials to get answers, ongoing US-China trade sanctions, never ending finger pointing at China on Russia , Taiwan,...

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 

With 3 months more to go, we will say goodbye to 2023 and welcome a brand new year, 2024. Based on Jan 2023 to current period, the SPX has gone up by about 16%, beating some of the individual stocks that I had in my portfolio. My bullish stance for the remaining months is still valid and I expect the price to revisit the high of 4756 before the year ends....

dchua1969 Updated 

We see from weekly chart that it has multiple support at current price of 315. For those who believes in the potential of this company can start to accumulate/buy now or wait for it to clear the resistance at 388.20. Let's see how it goes ....

dchua1969 Updated 

Now, the weekly chart shows Apple has fallen more than 30% from its peak and the selling pressure does not appear to dwindle towards the end of Year 2022. I expect the price to fall between 120 - 128 support zone where I would be more inclined to go long at 120 price level. The current problems faced by Apple - labour shortage in China is a temporary one and I...

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 Updated 

I have been watching this REIT for some time now. Finally, it breaks down from the support area at 0.56 level. I expect it to revisit 0.475 the next support level in the coming weeks or months. That will be an attractive price level for me to buy for good dividend income while the safety margin is higher for it to return the capital appreciation in the coming years .

dchua1969 Updated 

WIthout the government stimulus, I think many of the Chinese Developers would go bankrupt.... Country Garden, the largest developer in China has peaked in 2018 at 18+ dollars and todate, it has dropped more than 97% of its share price to recover at a miserable 2.83 dollars. Financially, it is still on very shaky grounds as no one knows how long is stimulus would...

dchua1969 Updated 

The US dollars is in trouble as we can see from the weekly chart. If it fails to hold at the current support at 101.822 , I expect it to falls below 100 to 98 dollars as shown on chart. That means it is a good chance to accumulate or go long on the Euro dollars. We can see that it has retested the resistance level at 1.079 several times but it won't be long...

dchua1969 Updated 

Depending on how you define A.I. I think most investors would be familiar with these 3 M.A.N stocks ; namely Microsoft, Amazon and Nvidia respectively. All 3 stocks have registered a gain of 44% (Microsoft), 40% (Amazon ) and 120% (Nvidia) since the beginning of this year, 2023. This article here: www.cnbc.com shows that not all countries are receptive to this...

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 

Read this recent article here I often wonder why there are so much emphasis of going to school globally, mandatory in some countries up to a certain level yet the contents of what are being taught are not revised or change to match the current economic condition. Could this be some form of conspiracy theory where the parties involved do not want its people to...

dchua1969 Updated 

I believe humans are creatures of habits and drinking habits once formed are hard to change ,at least for most people. Try this on your own, experiment with a new beverage in your country for an entire month and see how it influences your mood and behaviour. You starts to form a new belief, like it more and more as time passes and you stick to it OR you hate it...

dchua1969 Updated 

Looking a the weekly chart of 3067 ETF , we can see that it was down by more than 70% from its peak of 22 dollars in 22.02.21. Two years later, it has offered me a good buying opportunity. If you see the components of this ETF, there are way too many companies that I personally would love to buy like BYD, Baidu, Tencents, Netease, etc. But, this would comes at...

dchua1969 Updated 

We can see that the H&S pattern has played out nicely on the daily chart. It should revisit the support at 90.91 where it is then likely to rebound (triple bottom support) . There, I will await patiently for bullish signals to accumulate this shares.

dchua1969 Updated 

Latest news in town www.dailymail.co.uk It is sad that this happened and I am sure it will not be the last. With A.I and ChatGPT becoming a hot topic these days, it is becoming easier for anyone who wish to publish a book, write an article or even a research journal. And I have seen videos online that teach you how to avoid plagiarism as well. Technology has...

dchua1969 Updated 

A follower asked me if ??? could be the next place for MSFT. That intrigues me to relook at the chart and my conclusions is as follows - 1. That fall, if it happens will be similar to 15 Nov 21 where it falls almost 40% from its peak to end the bottom on 7 Nov 22. 2. I draw 2 support level to show where it is likely to fall back on and ONLY when support level 2...