The wait is 2 years for the bearish trend to turn its tide. Finally, the day is here !!!! I am awaiting for a decent pullback to 6.54 to 6.57 level before deciding to go LONG on this pair.
www.cnbc.com Bumpy ride or not, the parties have agreed to extending the debt ceiling to 2025 (yes, further kicking down the can on the road). So that propels the market further ,bringing NDAQ to rise more than 2% and the SPX to 4205.45. At 4200 point, it would have risen 20% from the low on 13 Oct 2022. Unless this is a bull trap (which is possible, see...
Could this be the bottom for the China market ? Let's take a look at this ETF. It has recorded a nice triple bottom recently after the Central Government made the announcement (read here ) Further evidence - They asked listed companies to buy back shares. Alibaba did that ! Chinese Factories are still open and production running despite spike in Covid-19...
Think of 3 things in your life that you are highly dependent on. Ready? 1 , 2 , 3 1. Social Media 2. Fast food 3. Mobile Phone I did a quick survey among my circle of friends and came to the above conclusions (may not be conclusive). It is tough to imagine kids today will spend time to play Monopoly or Scrabble games (a luxury in my childhood time). Of course,...
Please DYODD. This company was a target of short seller,Kerrisdale Capital last month for alleged accounting and disclosure issues. While the recent revenue has beaten analysts estimates, one needs to dig deeper into its financial to establish if it is a worthwhile long term investment......
So we are in the month of May and there is a saying that we should "sell in May and go away"..... Personally, I do not advocate that from my experience as timing the market is at best a game of luck and guesstimate. It is pure speculation that merely drives you insane and increase your blood pressure. It is a gamble , really !!! You may got lucky once, twice but...
This is a bet that I am taking and I am putting small amount to test my own hypothesis. Please DYODD.
Already suffering under the curse of the HK protests, Airline stocks are heading south and now with the Coronavirus and being banned from outbound tours, we are of the opinion that we will see more dark days ahead for Cathay Pacific, among the other airline stocks. Currently, it is settling at 9.58 , may rebound a little and likely to go further south. So long...
Nov 16 2022 will be its Q3 earning report. You can choose to buy before or after depending on how comfortable you are with this company. The China Tech stocks have been badly bashed due to the regulation clamp down. But, the business model remains strong. Let's be patient as the 20th CPC National Congress will end this week and we can expect to hear some...
Uber IPO price was at 45 in May 2019. From May till now, it has plunged nearly 43% to a low of 25.86. Not sure if Uber is out of the woods yet fundamentally, but looking at the chart, it has ended its bearish descending wedge. So, I would be initiating a small position to test it soon. Here's a series of Uber articles for your reading pleasure : www.straitstimes.com
From weekly chart, we can see that there were 3 occasions that it failed to break above the 61.34 resistance level. Now, the price is near to this resistance level again. For those who want to be more assured, can wait for the break out followed by a bullish pattern. And for those who already had a LONG position at 49 dollars can just wait a while more before...
Instead of choosing individual battery company to invest, it can be a daunting task and some investors may like a broader category like LIT ETF which includes many lithium manufacturers. For easy reference , here's the list : All 40 Holdings Holding Weighting Albemarle Corp (ALB) 18.83% Sociedad Quimica y Minera de Chile SA (SQM) 13.12% Tesla Inc...
Ever since my wife subscribed to Netflix, I have been chasing several good movies like Vagabond (Korean detective), re-watch Ip Man Part 1 to 3 and now hot on Billions; a movie where I find fascinating how hedge funds operate. So, I took a look at the chart and like what I saw. I will monitoring the price for a pullback and if it still sits nicely on the bullish...
FEAR, that's right ! This is a very expensive word and one that can drives multibillion of dollars into markets worldwide. One classic example is the education industry in China. Only two over years ago, the China regulatory bodies came down hard on the industry, wiping billions off the market, imposing stringent measures and forced many companies to go under. It...
Read this news article here www.scmp.com We can see from chart that the weekly bullish trend is still intact with the recent tug of war ending with the bulls charging forward. I will wait for a few days to let the bullish trend be more concrete before deciding to go LONG on this stock. On the day chart, 70.52 has been met with several times resistance so a pull...
read article here 394.74 is a crucial resistance level and it must be broken upon in order to see the bullish move. As soon as cities worldwide start to re-open, more people would be able to go out and do their shopping. The rich and wealthy would still want the latest fashion bags and shoes , so the demand is not dwindling but being suppressed.
Such is the rewards if one is patient enough and daring enough to get in at the almost right time! The top 3 banks are giving good investment returns to their shareholders thus far and with the rate hike news, it should not be a major issue for these banks to reach their previous peak at all. In this case, we are shy of 2 dollars to reach the pinnacle. Will it...