For those who made the thousands of percentage profits on these 3 stocks , congratulations !!!!
Unless you are based in China and familiar with these local stocks, the chances of you spotting them and then make profits out of it is really slim. So, if you are like me, just read it and move on.
As an investor, it is your responsibility to do your own research...
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When this industry contributes 25% of the country's GDP, it is imperative that the CCP will do something to shore up the default players rather than to see them falter on their debts holdings.
This bailout , hopefully will send some of the players shares going up but I would wait a while more before deciding to go LONG on it......
Daily chart has shown us that price action has broken out nicely from the descending channel and is rising up.
With the slew of corporate earnings releasing this few months, I believe this rally can be sustained. Many tech stocks like Meta , Amazon , Paypal and many others have dropped...
You can read more about this ETF here
Most of the companies in the Top 10 list are what I like to invest and putting a smaller capital into this ETF will allow me to free up more funds to acquire others.
On the weekly chart, we have yet to see any bullish signals to show evidence that it has turn around. But on the 4H chart, it presents a good opportunity to go long on a short term basis.
I am aiming for a profit target to reach 1.04.....
I decide to take a speculative LONG position on BTCUSD after gaining some decent profits from shorting it recently !
Looking at the weekly chart, it seems to have find a stable support at 19421 level. Likewise, when compared with the SPX500, it also display a similar support level at 3698 level.
Please DYODD as trading cryptocurrencies can be volatile and use...
With so much spotlight on Inflationary pressure on food, petrol, gas, home prices, rental , etc , the one business that comes to my mind is HEALTHCARE.
Think about it, which is worst? Going to a doctor in peace time OR during an inflationary period where you are charged much more for the same ailment ?
This ETF has just broken out of its bearish trend line...
Now the chart looks much clearer, there were 2 false breakdowns and if one has tight stop loss in shorting, their positions will be taken out faster than they expected. I believe is 3rd attempt to breakdown will be a genuine one.
Wait for it to retrace back to the trend line and when bearish candle emerge, short it !
I charted about this pair some time ago. Read here
It is now very likely to head further south towards 1.00 where it was in Oct 2002. That was some 2 decades ago !!!!!
I am putting this in my watch list and check every other week as I expect USD to continue rally....
Banging on domestic tourism, hospitality sector picking up, Covid-19 situation improving, PMI data improves, possible US- China trade tariffs lifted soon , Central government determination to shore up the economy, urbanisation rate increasing, more people returning to work
It says in this article that China Eastern Airlines have bought 100 A320neos aircraft from Airbus , both for renewal and expansion.
If domestic tourism can rake up sufficient revenue for CEA, imagine when international travels are allowed in and out of China, wouldn't the revenue tripled or quadrupled?
It has to break out of the resistance level at 234.30 before it can rally higher. Note that this is a fairly strong resistance level as it has been resisted several times.
Also, there is a possibility that it might retrace to close the gap around 203 to 209 before going higher.
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...
Who doesn't like sales ? Especially branded goods that costs full price when it was launched in the retail outlets. The savvy shoppers will wait patiently for their beloved branded items to go on sales before going on a shopping trip.
I believe the stock market works the same way too. Now, Meta Platform is offering 60% discount from its peak but I believe the...