If the price fails to rebound from current support level at 101.85, then it is going to revisit 89.10 and possibly form an inverse H&S pattern at 78 price level before rebounding. Buy in tranches as nobody can predicts how the market will behave
With 3 months more to go, we will say goodbye to 2023 and welcome a brand new year, 2024. Based on Jan 2023 to current period, the SPX has gone up by about 16%, beating some of the individual stocks that I had in my portfolio. My bullish stance for the remaining months is still valid and I expect the price to revisit the high of 4756 before the year ends....
We see a possible ABCD pattern forming in the weekly chart for OIL commodity. In my opinion, the reopening of China will allow the millions of Chinese to be able to once again visit their favourite countries, Thailand, Europe, Asia countries, etc. Many countries are highly dependent on the high spending power of the wealthy Chinese when they travel abroad. As...
WIthout the government stimulus, I think many of the Chinese Developers would go bankrupt.... Country Garden, the largest developer in China has peaked in 2018 at 18+ dollars and todate, it has dropped more than 97% of its share price to recover at a miserable 2.83 dollars. Financially, it is still on very shaky grounds as no one knows how long is stimulus would...
The US dollars is in trouble as we can see from the weekly chart. If it fails to hold at the current support at 101.822 , I expect it to falls below 100 to 98 dollars as shown on chart. That means it is a good chance to accumulate or go long on the Euro dollars. We can see that it has retested the resistance level at 1.079 several times but it won't be long...
Read this recent article here I often wonder why there are so much emphasis of going to school globally, mandatory in some countries up to a certain level yet the contents of what are being taught are not revised or change to match the current economic condition. Could this be some form of conspiracy theory where the parties involved do not want its people to...
Latest news in town www.dailymail.co.uk It is sad that this happened and I am sure it will not be the last. With A.I and ChatGPT becoming a hot topic these days, it is becoming easier for anyone who wish to publish a book, write an article or even a research journal. And I have seen videos online that teach you how to avoid plagiarism as well. Technology has...
A follower asked me if ??? could be the next place for MSFT. That intrigues me to relook at the chart and my conclusions is as follows - 1. That fall, if it happens will be similar to 15 Nov 21 where it falls almost 40% from its peak to end the bottom on 7 Nov 22. 2. I draw 2 support level to show where it is likely to fall back on and ONLY when support level 2...
So what did you ask from God last night when you sleep ? It does not matter what your religion or faith is, but if you do believe there is a higher universe than we, human beings, be it Allah, Buddha, Jesus Christ, etc , then this supreme power must have the power to reign over us. That is why I am constantly talking about thoughts, feelings, moods, beliefs,...
If you think logically, this may not seems to make much sense. Who in this world would not want more success in their lives , be it career, family, relationship? However , on a deeper note, it is true that some are truly fearful of gaining success. WHY? One of the factors is they are too complacent, too comfortable with what they have currently. Example, someone...
Thus far, the first 2 support levels has been breached. Next week, we will know if there is buying power to sustain support level 3. If not, we will see the price action revisit support level 4 and if that breaks as well, then it is more conceivable to say that the gap will be filled up. What causes all this tech shares downfall ? Some blame it on the...
Ahh, so the Chinese government is really in hot soup now ! They announced moving forward, they will not be publishing the youth unemployment data anymore. Read here Remember 2 years ago, when the people of China got so stressed and went to the streets to protest and call President Xi to step down ? Read here Could we see history repeats itself if the youth...
Read this latest article here The main culprit can be attributed to the central government crackdown on the tech sector which almost kills the likes of Alibaba, Meituan and other listed tech companies. They have all suffered a fall in share prices of 50-65% from its peak. In Tencent case, the withdrawal of its largest shareholder sent shivers to many retail...
Read latest article here For those who can access to SG market, please note that NIO is also listed in SGX market.
Amazon shares has dropped 46% from its peak and the recent breakout from resistance turn support level at 101.57 was met with a bearish candle close last Friday. If this support level fails to hold the price, we can expect it to head further south towards 80.92 level. All eyes are now on Fed's chairman remarks this coming Wednesday and the basis cut in interest...
What is it going to be like for 2nd half of 2023 ? I am getting more enquiries from my followers and friends about investing in China. Mostly, the vibes are negative - from a slump housing challenge to the ongoing never ending US- China relationships to the unpredictable CCP clamping on its own economy. Looking at the weekly chart, let's be objective and see...
I hope Mr Market will offer me this chance to grab this company , haha. I expect the price to falls further to 233.98 level so I can buy more of this great company!
So, according to the charts shown here , the month of Aug and Sept are negative for the stock market with negative returns. Now, I have drawn two support level where I think where the market will likely pull back to. And the first sector that will be hit will the Tech sectors (Microsoft, Nvidia, Apple, Meta, Amazon, etc) since they have rallied quite strongly...