One follower asked for a chart on this stock. Here it is ! Putting the fundamentals aside, looking at the chart, we can see that it has now reached a resistance turned support level at 30.10. If within the next few weeks, we do not see a rally from this level, then we can expect the price to continue head south towards 23.67. Despite the increasing interest...
We can see that there is a nice triple bottom support for PDD ! If the price continues to rally and breaks above the resistance at 61.02. Let's see how it works out in the next few weeks .....
Read latest news here will be keen to add some later
We are now in the first week of December, the last month of 2022. The bigger trend for the SPX is still down and bearish as you can see from chart. If the FED maintain 0.5 interest rate cuts for this month and/or 0.25 for Jan 2023 next year, then I think the market will react positively. While there is still daily update on Russia war, notice the attention is...
A follower asked me to take a look at this stock. One quick look at its financial tells me it is still suffering loss and I don't seem to be able to find its economic moat in its business model. So, speculative trade ok, investment NO.
We tend to think rationally this way, if the price can/will goes down to 0.80 , why do I want to buy at $1 ? The million dollar question is IT MAY or IT MAY NOT. If you are so certain, then probably you would pawn everything you had and go ALL IN and make a big bet out of it. The reasons you hold back is the question of "WHAT IF" I am wrong ? Call it fear,...
Please read this article here and be extra sceptical and careful when buying things online. We perceive things as the truth based largely on our sensory organs - sight, hearing, feeling, taste and smell. If a particular seller has a large followers base, surely he must be authentic. I mean, check out the figure, it looks real, isn't it ? And it is really...
Please read this story slowly and carefully. Pass it on to someone you know who may be suffering from gambling problems. AMC Entertainment was the next heavily overbought stocks other than Gamestop. And it is such heavy speculation in the stock market that gives people who are not familiar with stock investment a bad name, calling stock investing as...
META is in a downward channel pattern and the selling pressure arising from the FED rate hike has exacerbated the plunge , especially the tech stocks in US. Support level 1 at 150.46 has been broken down and it looks set to head further south towards the 121 price level. That would be another price point for accumulation.....
We are near to the end of the wedge pattern and it is anyone guess when will the price action breaks out from it. It has fallen almost 30% from its peak and has recently recovered quite a bit but anything can happen within the wedge pattern. It can be a long drawn time period, so one needs to be patient.......
Followers of mine know that I am pretty bullish on HK/China stocks , ETF since last year and I have been slowly accumulating once there is a pull back. Yesterday, FED's decision to raise rates by 25 basis points go well with the market and the stock market reciprocate in kind ! I believe the Hong Kong market will follow this rally as well in addition to the...
I take the recent correction of slightly more than 10% dip from the top is another opportunity to get this stock to break its high! If nothing forbids its movements, we can see it breaking the resistance level at 880 and make its shareholders happier with a nice Christmas gift !
I am happy if the share price falls to 61.72 which means I can scoop up this great company at a lower price. Read latest news here
Read article here After reading , it looks promising that HK has a lot of opportunities moving forward. What's important is how fast can these measures be implemented as we continue to witness outflow of talents out of the country. CONFIDENCE is the key in stock market investing/trading. If people on the ground lack confidence, they will not put their money...
First thing first, I would like to take this opportunity to many of my followers who stayed by me all these years. You have given me the encouragement to continue writing my point of view over the last 5 years. Wow!!! Looking back, it has been a roller coaster learning curve for me as well. For this year, I would like readers to embrace more changes ahead and...
Read more about this ETF here Take a look at the gap being filled and I expect the price to be consolidating for a while more , probably Q3 onwards, we can see some rally ahead.
Also known as Ctrip in China , this is one stock that I like a lot. There are millions and millions of Chinese each year that are getting richer and are eager to see the world but first China. That means, those in 3rd tier wants to come to 1st tier and those rich enough in 1st tier are getting out of the country even more than before. This rate of outbound...
From the weekly chart, we can see Tesla share price has broken down from the important support level 1 at 166.36. Now, we are witnessing another breakdown at support level 2 at 110.44. Yesterday, it was one of the few shares in the US indices that rose (see day chart). So, we might see a bit of rebound from here and then I expect it to go further south towards...