dchua1969

dchua1969 Updated 

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dchua1969

We can see that the tech stocks are huffing and panting its way up. It probably need a rest. In the 1H chart, it has broken down from the bullish trend line. If 10,403 support fails to hold, then we will see it falls through and goes down to 10,200 first. Noting that the bigger time frame like Day and weekly chart are still bullish, this short term fall might be...

dchua1969 Updated 

Sadly, the recovery of the cruise industry is nowhere in sight with the 2nd and 3rd Covid 19 cases spiralling up again. Such leisure business like entertainment parks, Cinemas, theme parks will suffer or even go bankrupt if this virus is not terminated anytime soon. The stock market is still fuelled with good news of a possible vaccine soon and that together...

dchua1969 Updated 

Guys, just because it is dirt cheap does not mean it is worthwhile buying. And yes, lately there are many traders hunting for bankrupt stocks that offers them a 30% jump in returns ( Hertz Delta ,etc) , boosting their egos that they have the skin in the game. Really ? Now, the same thing is happening to Chesapeake Energy. I was shocked to see it's peak was...

dchua1969 Updated 

I know it can be a little scary when you are averaging up instead of what's commonly preached, averaging down when you go long on a stock, index, etc. The purpose of this chart is to illustrate there are ample opportunities in the market if one bothers to look closely. Some of the things I discovered in my journey of trading/investment on missing out good deals...

dchua1969

Now we are in an important resistance level. The price must be supported at this level, ie. 1.153 else we face a correction of it falling towards the bullish trend line (at around 1.138). Looking at the DXY, we see it has reached the bottom at 95.14 and a possible retracement is expected. If it happens, then we can see DXY going up towards the bearish trend line...

dchua1969 Updated 

This can be a good opportunity if the price action breaks down from the bullish trend line. The two profit targets are the gaps that are left unfilled at this moment. But be forewarned, Tesla is a volatile stock and is hard to predict so if you want to short it, make sure you are prepared mentally to lose your 1-2% per trade. I will be watching closely tonight

dchua1969

In each bull market, there would be bear camps that come out and say the bears are coming and it would be worse than a particular year. Could they be right ? Of course! What's missing in the prediction is the timing. Nobody knows exactly when that day would be else Sue would take her entire fortune to bet on it (or would she ?) So, in reading news article, we...

dchua1969 Updated 

We can pay lesser for the stocks that we like by being patient. Looking at the price action, it is likely that it will falls a bit further to the 330 price level before we see a rebound. It does not mean that I will immediately buy at this level. Market is ever changing and it can falls further below 330 due to whatever circumstances. So when the price reaches...

dchua1969 Updated 

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dchua1969 Updated 

Read latest news here , Strong Q1 revenue that beats analysts estimates (3.18B actual vs 3.09B forecasts) No. 3 player in the Cloud space in China , aggressively acquiring market shares Established its presence in autonomous driving with 100 Apollo-powered autonomous vehicles that are deployed across 17 cities in China Competition -Bytedance with its...

dchua1969 Updated 

I was too naive to think that after reviewing 10 to 20 charts and seeing a pattern where price bounce off from support and retrace from resistance, I formed a bias view to buy at support and sell at resistance. Of course, over the long haul, my results proved that I was wrong. On certain occasions, I would like to think I probably enjoyed a stroke of luck to get...

dchua1969 Updated 

There are plentiful of trade calls daily on the internet and every trader/investor , media, hedge funds, bankers, etc are trying to convince you with their story why you should buy or sell a particular stock. This is one of them; Simon Property and a follower asked me my views on it. First thing first, I have not dabbled in any REITS thus far, being too late...

dchua1969 Updated 

Generation Z lives in a internet connected world the time they were born. They are heavy users of social media, apps and live streaming, a business that many tech/gaming companies are after. Momo with a Tantan app is like Tinder in the US except this caters for the Chinese market. We can see from chart, it has broke out of the bearish trend line with a nice...

dchua1969 Updated 

short term - it could retrace to the bullish trend line. long term - higher probability of it hitting 1.98 and 2.40. As I begin to get enquiries on my opinion on different stocks, ETFs, etc , please note that what I am offering is NOT a trade advice but merely additional information you can used for reference purposes. Trading/investment can be risky so always...

dchua1969 Updated 

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dchua1969 Updated 

Have you ever wondered what are some of the reasons that you failed to make money in trading/investment ? If you think it has to do with the size of your capital, strategies and trading opportunities, read on. Here are some common sins that I can think of and hope you would learn from it : 1. Envy While having lunch with your friends/colleagues, they boasted...

dchua1969 Updated 

If you want to dabble in an agriculture stock and have challenges identifying the specific company to invest, an ETF maybe a good option to consider. Take for example, DBA where it holds a variety of different agricultural products so that you have exposure in all of them without buying into individual companies. DBA was at its peak at around 44 dollars in Feb...