Read this interesting article here Look around your circle of friends and see how many does not carry a mobile phone ? (brands does not matter) I bet it is very very few especially when more essential services like making payments and some government services that require you to download an app to gain access to their website. By far, only China has been...
Now, the weekly chart shows Apple has fallen more than 30% from its peak and the selling pressure does not appear to dwindle towards the end of Year 2022. I expect the price to fall between 120 - 128 support zone where I would be more inclined to go long at 120 price level. The current problems faced by Apple - labour shortage in China is a temporary one and I...
Read the latest article here As a shareholder , I am not too happy. But as a parent who has two kids pretty glued to the phones , this might be the answer to help them stay away from their phones and do something else. To be fair, I am not born in the internet or mobile phone era where information are readily available online. Naturally, kids will resort to...
Read this latest news here There have been many cases of western brands that seems to make the mistake of no common sense in their advertisement , only to offer apology hereafter. What is their motive ? I dunno, could it be a reverse psychology strategy to get more hits and views ? Maybe........ But importantly, it has no bearings on its share prices. In...
Hmm.....if the Feds decide to lower interest rates next year, could be between March to June period, I would expect a steady rally in this pair. As you can see from the long term chart, the price action is still in the downtrend channel. At 0.965, there was a rebound where it revisited the low on 2 Sept 2002 (20 years ago) There are a two resistance points ,...
Hmmm, I took another LONG position on this ETF.....
How high will it rally this time ? Only time will tell........ Will you be a spectator or making profits and laughing to the bank ?
We see from weekly chart that it has multiple support at current price of 315. For those who believes in the potential of this company can start to accumulate/buy now or wait for it to clear the resistance at 388.20. Let's see how it goes ....
So I will be traveling to China for the upcoming June holidays and would need some hard currency (RMB). From the chart, we can see in Nov last year, it breaks above nicely only to see it falters back to the 5.10 price range ......... Will history repeats itself ? I don't know but if you put a knife on my neck and force me to make a wild guess, I would lean...
Read DBS reports here Take a small nibble once it breaks out from the resistance level at 0.48 or wait for it to retrace to support at 0.375. If it falls further, great, expects it to revisit 0.29 level which is a great discount to get this REIT. Please DYODD
Read latest news here I am monitoring the daily chart for a more confirmed bearish signal before establishing a SHORT position. The risk/reward ratio looks very attractive from this price point as the margin to go up higher is not a lot.
Looking on a bigger picture, I see a possible triple support for the NASDAQ index. It is once again at a crucial place. Will it rebound strongly like the previous two attempts where it touches the support level and continue rally OR will it break down this time ? Like to hear your comments on this .
So, HSI rallied more than 600 points yesterday ! Wow, it went to a high of 18103 , exceeding the 18,000 price level that I said must sustain above for the rally to continue. We are currently 186 point down, having recovered much better than this morning with 300 points negative. The meeting with President Biden and Xi was a good stimulus to the overall market....
see chart A good time to pick up this great stock at a discount
Have some fun and go find out what does this amazing company does that skyrocket its share prices , much much higher than most of the tech stocks !!!
We can see from the chart that around 90 dollars is a major resistance level where the price action fails to go below substantially (hovering at 84 dollars) but fail to break above the 92 dollars........ With inflation soaring higher in food, transportation, gas, etc , are people still drinking their coffee at Starbucks as frequently as before ? Or will they cut...
Unless you are hiding in the cave (which is a good thing to do from time to time), you must have read about the news in China.The much anticipated fanfare about the post Covid did not take place much to the disappointment of both hedge funds and retail investors. In short, the Chinese are simply not spending as much as we thought. Government are doing what they...
Here is the link probably for those based in Asia and can buy Alibaba shares. From its low of 57 dollars, it has bounced back more than 100% to its current price of 115 in less than 3 months. It is written on the wall that the tech sector regulations in China is over and a new chapter has begin in 2023 onwards. The Central government will now have a stake in...