I dreamt of Africa two days ago and it was blurry one that I cannot recalled the content. But the word stuck with me - Africa. I have neither any friends nor business dealings with Africa so I find it perplexed and confused why it comes to my dream. A quick look at the weekly chart of this ETF shows me it is not the ripe time to buy. It is still in a downward...
We have seen how the interest rates increase has been affecting people with mortgages but in the equity/bond market, it also reflect a similar picture. When interest rates go up, the bond prices fall. And you can see from chart, it has fallen close to 50% from the peak of 180 to 92 before it recovers recently to 106. Now, if you believe my predictions that FED...
It has come down more than 33% from its peak and the staggering high cocoa price has not help in the share price at all. Support zone (buying zone) is around 170-183 price level which I will start buying slowly. Please DYODD
Despite its dominance as a payment gateway with a monopolistic role in China, global leader in video games and many other businesses, the one thing that it cannot compete against is the strict government policies imposed by the Chinese government. It has fallen more than 60% from its peak 4 years ago at 700 and thereafter it has been on a downhill ever since....
Awaiting for breakout of bearish trend first. be patient
WISE ETF has the lowest expense ratio of 0.35% compared to 0.68% THNQ and 0.49% for AIAG ETF. So much has been said about this new revolution that is going to rock the world in the future from education to healthcare and to the daily things that affect us. How do you see this market ?
No hurry, awaiting for this stock to come own to this level - 206 to 218 to consider going LONG
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...
For those of us who had gone trekking the mountains before, we know that to reach the peak , it is not a linear path. Often, we have to manage the steep downhill , climb the uneven uphill and these will go on for umpteen times before we get to the peak. The stock chart acts in a similar way, imo. You can see the red arrows showing the downhill where we have to...
If we take a step back and plot the weekly chart of SMH, there lies a possibility that we may have a ABC pattern playing out in the weeks/months to come. We are not out of the descending channel yet (a bullish sign) and it could also notch another level down as well (can't rule this out though I think is quite remote), so those who have yet to go LONG can wait...
Just because it has landed on the support line or resistance level does not mean it must rebound or heads south. As investors, we must know that these are based on historical patterns and past history is not a representation of the current market conditions. Thus, it is wise to take a small nibble , say 10% of your capital if you had done your homework on this...
I have some followers who made quite a loss shorting this stock. They believed it has gone overboard with its buy and decided to short against it. Some did the intrinsic value calculations and felt it is also way over valued by a double digit percentage and short it. Both groups suffered losses ! Drawing a simple trend line tells you the bullish trend is still...
Read latest news here www.scmp.com I have bought this bank quite some time ago for its stable dividends and being a government bank, it offers me a stable dividend payout. The capital appreciation was definitely a surprise as you can see from chart that it went sideway for quite a while........... For those who wants to take a quick trade, I would say it is over...
I hope the first half of 2023 has brought much profits to everyone and you are happy with your portfolio performance overall. Moving forward, how should you invest for the remaining months of 2023 ? Here's my 2cents worth - One, the tech sectors will dominate the growth of the US equity markets for the remaining years with the AI centric companies leading the...
Now, if you are staying in SG, sometimes when you head to the mall , you see long queues at the Money changer, then it is likely when the SGDMYR exchange rate is good. Malaysians who have vested interest back home will enjoy converting their SGD to a better Ringgit when they go home. Of course, those Singaporeans , maybe retirees who aspire to own a landed...
Read the latest article here With this mask off policy, we can expect more people to come out of their home and resume their pre-Covid days - shopping, meeting friends at cafe, more dining out, weekend travel,etc. This is good news for local consumption along with the incentives that the Government is currently offering. I posted here to go LONG on HSI...
read latest article here Let's wait for the price to rebound off the support turn resistance line at 281.60 and if a bullish candle is shown, I will take an initial position. Hmm, this may not happen this week , probably after CNY as this is a short trading week. Be patient, you need not catch the bottom to benefit from the rally so long the trend is in your...
When money is concerned, government control is important in many countries, India included. Whether it will revive again is another story for the future, the 40% drop in 2 single days is enough to send shivers to the investors..........