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..........
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,...
Here's how the weekly chart shows...... Will India continues to rally ? And has China bottomed out yet ?
The breakout may not continue to consolidate to the side apex before breaking up. Those who are keen to participate in the Healthcare sector may want to do more research on this counter before going long. Please DYODD
Read latest article here When you are tasked to do a search online, you go to Google or say google something......Nobody says Bing something. That is the power of top of the mind branding . The first brand that comes to consumer mind constantly win. Fast food = Macdonald, Coffee = Starbucks, Credit card = Visa, Electric Vehicle = Tesla ,etc. These boys have...
Over the last 3 days, we witnessed a near 9% rally for the HSI. There were several contributing factors - the Chinese government has injected more stimulus into the market. Read here and of course the 360 degrees turn by famous Jack Ma who bought 271 million shares of its own company, Alibaba, giving the much depressed stock a huge rally, causing a rising tide...
Read some latest articles here , here and here . We now see a good support at 21563 level and HSI might revisit this level or slightly below (to kill the retail traders who place tight stop loss) before a rebound can be in sight ! Hang on there , guys !
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...
Read article here From chart, I see 2 possible options - one that retreats and find support at 4812 price level and continue to rally from here. Two, it was a false alarm and heads south and head towards 4694 price level before finding support and continue the rally upwards. Of course, the worst scenario is if for some reasons FED refuses to cut interest rates...
I saw a window of opportunity yesterday night and took a small position to went LONG into BITB ETF. You can read more about this ETF here So you pay zero expense fee for the first six months which is nice. Let's see how it performs in June/July 2024. A good read comparing the different Bitcoin ETFs
Making predictions in the market seems to garner a lot of interest especially if you are often interviewed on CNBC, Hawk, etc. These market gurus will fortell the future of the US markets based on their own predictions........ As an investor, I think little of it but still read it for entertainment purposes. Why? Warren Buffett the world's best investment manager...
Most have pulled out of HSI or China Market with much unhappiness, disappointment and anger. The Chinese Government has failed to shore up the economy and stock market and big institutional firms have sold or pull out large funds away from China. Another 300 points down today , red and more red like the blood flowing out of a body, slowly but surely. So many...
Warren Buffet runs many businesses so I would just use BRK.B as a proxy (so accuracy may differ) Surprised to see Amazon ranking the lowest ...... Read article here
From the weekly chart, it appears so........ With the recent saga of Bitcoin ETFs making the news, the others should be coming onboard fairly soon. In April, we will see the halving of Bitcoin which the market says will increase the demand for this digital currency. Please DYODD
It is highly likely beside closing the gap as shown in the chart, if the overall market did not show any bullish signs, then we can expect this stock, JPM to to revisit the March 2021 low once more. From there, it will consolidate for a while before we see any rebound.
This support level could be the catalyst for the price to start rally from here. However, there lies a possibility for it to go below 100 dollars and hit the next support, around 78 dollars. Let's wait and see.....
The more negative news we received about China, the more people want to know about it. From the property slump, weak demand, subdue consumer confidence to ever changing government policies, all eyes are peeling onto China and awaits eagerly for a plethora of good news to come out from the Chinese Government. The top 300 companies in China , reflected in CSI300...