It has reached a high of 13,942 from 8 June to 24 June without able to breakout higher. This calls for a short term sell opportunity. Expect it to break down from the bullish trend line and heads towards 13,337 over the next few weeks. This discount will present a great buying opportunity for those who have yet to come onboard China index.
We are seeing a bullish flag pattern on the 4H Silver Chart. If my analysis is right on the US indices falling over the next few weeks to months, then we can expect more inflow of funds to be shifted towards Gold and Silver. I will be awaiting for the breakout to happen before deciding to add more.
Read about this company here and here I see a lot of potential in this company that leverages on tech to spearhead its business to the next level. As disposable income gets higher in China, more people will want to buy protection for their assets and plan ahead for the next generation to take over the business. Already, China is at the forefront of digital...
The recent bad news that hit FB has caused the price to fall by more than 10% last week. OUCH. Note that the important resistance level at 223.67 that has been taken out on 20 May 20 and turn support has now been breached. Here, if the price does fall through the bullish trend line, then we can see it heading towards first 216 then 174. If you want to short, be...
The inner conversation that most traders would said to themselves when they see others make money from trading , be it forex, futures , commodities, cryptocurrencies, etc. Buy Low, sell high. That's logical. Use this moving averages. Looks simple on chart. buy above it , sell when it is under. Add RSI - Above 70 means overbought so sell and below 30 means over...
Watch CNBC live video here Unless you know what you are doing or have holding power (apply both to long and shorts), Muddy Water Research shorts is now nearly 100% in paper loss from its short entry position at 29.20. Now, we can leverage on this article and make use of simple pattern, support, resistance and trend lines to help us. On 1H time frame, we can...
USDCAD on the day chart appears strong and could breakout from the bearish trend line and heads up towards 1.38307. Wait for the breakout, establish bullish signals patterns before taking your long position.
The Silver chart shows it has broken out of the resistance at 17.61. It can either continue to go up from here, tracing the bullish trend line OR corrects itself to possibly the next level of support at 16.83. Once it is resting at 16.83 level, await for the next available bullish signals before going long.
Come this Friday , 19 June 20, Singapore will enter into Phase 2 of its economy reopening. The major news would be shopping malls will be reopen to the public once more. Will there be a r evenge shopping frenzy like we see in China ? If the footfalls is likely to increase too in SG, then the rate of shoppers hopping on to the taxis will be high, giving a much...
Understand more about Company background here I will be taking a small bite here tonight ! Join me ?
Read latest news here The arrow these days seems to be pointing at the foolish, eager to get rick quick millennials who had the guts to scoop up bankrupt stocks like airlines and IPO stocks. Before we get too emotional and join in the blame game or start lashing out at them, let's visit the SPX500 chart. We are now in a V shape recovery and has about 8.5%...
If you really think logically, gold isn't a great investment at all. I mean physical gold. In the event of war, who's going to take out their gold coins or bars to exchange for goods and services ? If the assets you buy cannot be exchange for cash immediately, it has a liquidity problem. Trading gold commodity has lesser of this problem. By using my charts, I...
Read this article here Once the 25,000 resistance level is break out , it will head up higher. adding more now
Here, the AUDUSD is currently at a consolidation phase. So, it can be quite tricky so you need to be quick in taking your profits and have a tighter stop loss. Firstly, it is likely to heads south towards 0.67726, from here, it could rebound back to the upper channel at 0.6974 OR breaks down towards 0.6656. I would think in the coming months, the chances of it...
If EURUSD slides past 1.116 support, we can expect it to heads further south towards 1.109.
You see, you can be putting in the hours, days and nights into plotting charts, doing endless hours of research on companies, industry news ,etc and yet for some reasons, you are not seeing the success you want in your trading (and investment). Your actions are determined by the way of your thinking. And there is 2 parts to your mind - the conscious part...