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...
You can see from the weekly chart that prices are going sideways since 2020, much like a pinball hitting the ups (resistance) then rebound off the lows (support) for 3 years. So, if you had bought this stock in 2020, you probably have a roller coaster ride of being happy and feeling frustrated. If it can breaks out from the current resistance level , ie 387-410 ,...
From the chart, we can see the orange circle showing a series of multiple lows for the entire 2023. But the last circle in green , dated 1 Nov 23 could be a turning point. Before we get too excited, a few things need to happen. 1. 1 Nov low was 17110 followed by 17, 193 on 10 Nov - a good sign 2. 6 Nov peak was 17,954 and the next few days has to surpassed...
We are about six weeks left before we bid farewell to 2023. The SPX has rallied about 18% todate for 2023. That means, putting your money in this index and doing nothing till now will yield you this capital return. So, check your individual stocks , ETF, commodity, etc that you went long, are they doing better than the SPX? If not, find out why? Is it a...
I believe humans are creatures of habits and drinking habits once formed are hard to change ,at least for most people. Try this on your own, experiment with a new beverage in your country for an entire month and see how it influences your mood and behaviour. You starts to form a new belief, like it more and more as time passes and you stick to it OR you hate it...
We are all motivated to do things out of own interests, whether we know about it , admit it or not. There will be and will continue to have analysts, brokerage firms, famous gurus, coaches, myself included sharing with you a particular stock and you may be tempted to go with them. Before you do that, I suggest you DO YOUR OWN RESEARCH no matter how convincing...
Read this latest article here It appears that ample notice was given to greedy investors who bought excessive properties to turn around for quick profits and were caught with huge debts as the share price of this big property firm starts to collapse........... From 2009 to 2017, the share price was moving sideways, pretty boring and lack a strong buying...
Depending on how you define A.I. I think most investors would be familiar with these 3 M.A.N stocks ; namely Microsoft, Amazon and Nvidia respectively. All 3 stocks have registered a gain of 44% (Microsoft), 40% (Amazon ) and 120% (Nvidia) since the beginning of this year, 2023. This article here: www.cnbc.com shows that not all countries are receptive to this...
Looking a the weekly chart of 3067 ETF , we can see that it was down by more than 70% from its peak of 22 dollars in 22.02.21. Two years later, it has offered me a good buying opportunity. If you see the components of this ETF, there are way too many companies that I personally would love to buy like BYD, Baidu, Tencents, Netease, etc. But, this would comes at...
Hong Kong market has lost about 45% from its peak on 16 Feb 2021 (more than 2.5 years ago) while China has lost about 55% as well. Looking at the dwindling red candles over the past few weeks, it is possible the selling pressures is almost over. For the patient investors, you can wait for the breakout to happen first before deciding to go long. This could be a...
If you have forgotten how Alibaba make its heydays in 2015, read here . Thereafter, two years later, the stock price simply rocket up its way from a low base of 56 to a superb high of 320 in 2020, a mere 5 years period. Moving forward, I believe more upcoming unicorns especially from China will take even shorter periods , maybe 2-3 years to make this kind of...
Those who did not take advantage of STI index when it went down below 3000 , there is another opportunity. Likely, there would be a retracement to the right shoulder towards 3096 level before I think it starts to rally towards 3300 level. I am bullish on banks, some REITS and a few stocks which I have already covered. Please DYODD.
From the peak at 22,792 in mid February this year, we are now seeing HSI entering into a bear market territory currently. Some said that the selling has been excessive and possibly a rebound is near the corner due to sellers' exhaustion. Effective Sept 4 this year, we will see Country Garden being deleted from the HSI after missing payments on its bonds. Since...
In swimming, there are two ways to swim faster. One, to reduce drag/resistance and two, increase propulsion. Thus, it is important to remain streamlined, swim tall in the water and make yourself slippery like a fish when you are swimming. Similarly in charting, we can find common grounds as well - resistance. Without going into detailed numbers, we can see at...
Finally, the awful selling month of September is over for 2023. For the month of Sept, we witnessed a near 7% drop from its peak at 4534. Now, there lies a possible reversal pattern last Friday with a very bullish engulfing candle. Next week, I will wait for a slight retracement and start accumulating VOO ETF and other US shares. Interest rates wise, I am not...
The USD has broke above the resistance level at 105 and the weekly chart shows a bullish bar - signalling more bullish moves ahead. I expect it to hit the 110 mark before retracing. What are your thoughts ?
70.00 price mark is the resistance point and it has been hit in March 2022, March 2023 and most recently in July this year. I will join the SELL party and aim to take profit at the 55-56 price mark. Who's coming to the party ?
I have been watching this REIT for some time now. Finally, it breaks down from the support area at 0.56 level. I expect it to revisit 0.475 the next support level in the coming weeks or months. That will be an attractive price level for me to buy for good dividend income while the safety margin is higher for it to return the capital appreciation in the coming years .