It took 6 years plus for this pair to break out of its bearish trend. As the dollar continues to fall further, then, NZDUSD will continue to rise (ie. bullish). In the short term, USD will rebound, meaning all pairs against USD will fall. However, I think the rebound for USD will be weak and will continue to fall again. This trade idea will be invalid the...
Read this news . If you are a value investor, the chances of you buying this company is slim. During its peak, it was at a high of 4 plus in 2005 and have been tumbling for the last 15 years to an ultra low of 10 cents stock in 2020. So, today's spike of 138% is at best a speculative move by some groups who wanted to push the price up ( pump and dump game)....
Read news here I will take a long position here.
In many parts of Asia like India, China and many parts of SEA, gold is a BIG thing when marriage is concerned. Parents will generously provide the brides with lots of gold accessories from necklace, rings to earrings, etc to signify abundance, good luck and prosperity. As such, parents also invest/buy gold at retail shops which drives up the demand for gold....
Read latest news here Ten cents is fully aware 80% of its revenue comes from China and to lose this market share that it has built over the years would not be worthwhile. Thus, it is a strategic decision to merge the 2 live-streaming companies to fend off the upcoming competitors. It has a lot on its plate now with US imposing a ban on Wechat which can be...
Looking at this chart reminds me of Next Digital which I had posted yesterday. This stock tells me a few things : 1. Weekly chart is on a long term bearish trend High of 72 in Sept 2014 to a low of 4.00 in 2020 (This warrants further investigation) 2. Reasons for buying this stock What attracts you to buy this stock ? Is it in an industry that you are...
This is a request from a follower. From the chart, we can see that the price action has broke out of the weekly bearish trend line. This is crucial to see the big picture. Next, the price action is travelling in a upward channel but has now meet with some resistance (at 9.05) Please compare this chart with the one you are trading with as it can be different....
The Malaysia stock market is definitely bullish and has gone up by 30+ % since the March low. You can also see the benefits of buying Malaysia index or stocks as SGD currency is stronger than Malaysia ringgit. That means you are exchanging SGD1 dollar for MYR 3.0674 ringgit. That increase your purchasing power in Malaysia, in this case you have more local...
Last night, Teladoc which has been going up for more than 200% since the beginning of 2020 has a sharp fall of nearly 16%. It is highly likely that it will have a pull back tonight and I expect the price to head further south towards 195 price level before I take a long shot. Read latest news here See our calls in Feb and May 2020
While searching for some resources online, I came across a video that talks about fake gurus out there who are making obscene amount of money from the students who bought into their expensive courses, books, clubs, private coaching..... Do a search on this Mr Dan XXX guy and be a judge yourself if this is for you... (Disclaimer applies) In the world of...
that is if you had spotted this company and bought at the support level of 0.18. It registered a more than 135% returns in merely 3 weeks of holding. A quick look at the annual reports tell me this company has been reporting a loss for the past several years and it is very dependent on tourists for its revenue. The Covid-19 virus is probably the straw that broke...
Execute this only if you know what you are doing and this is purely an intraday shorting opportunity. You can see that once the price reaches 3398 level, it retraces with a strong selling signal - a pin bar. Now, we await for the price to break down the bullish trend line before executing the shorts.
Opportunities come and go. One needs confidence and boldness in executing a long or short order based on whatever information he can gather at that point in time. The important question to ask would be : What if I am wrong ? How much risk (financially) am I prepared to stake out to receive a potential gain ? If you can risk say, $10 to win $15 or $20, then your...
This is a step by step guide to how to execute a long position. Step 1 - the price action has broke out of the bearish trend line Step 2 - a temporary support level is established which provides the buying zone unless it is a false/weak support (which at point of execution , this data would not be known) Step 3 - if you have not bought at step 2 , ie. the...
In case you have no idea what a venus trap plant is, check out here It took 9 long years for Gold to break out its previous high at 1915 and thus far, it is still going on a strong bullish trend. It is now moving nicely in a rising channel and until that channel is broken down, the buyers (late entrants especially) will start to flock in. Those who had bought...
Read article here , here and here . I am more conservative on its potential trajectory as the competition is intense in the meat category. Not only it has to fight with the traditional meal like Tyson Foods for distribution points, there are also competitors like Impossible Foods. I am likely to give this a miss considering other opportunities that are...