dchua1969

dchua1969 Updated 

It is now at a spot where it can rebound from the support level or breakdown from here. Low can get lower so I am just waiting out to see which way the tide turns before making any decision. NOTE : the daily movement can be volatile so be prepared to ride out the rough ride if you want to participate. For peaceful sleep at night, avoid this. It is not a DO or DIE...

dchua1969 Updated 

The price action has just broke down from the symmetrical triangle (which can go either way - up or down). We do not know if this is a genuine breakdown or fake one so we have to see next week (time is of essence). It could very well play out as I draw on the chart or do a 90 degree trend reversal and go back up. It is a short term sell for now.

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

www.cnbc.com The thing about macroeconomics analysis is - it is tough to tell precisely if this news is causing the spike in oil price now. Chart wise, you can see it has met with resistance at 58.64 5 times with the last breakout unsuccessful, retreating the price back below 58.64. The next level of support is 58.08 , a great buy area before it goes higher....

dchua1969 Updated 

Price has nicely been heading south since the break down of the bullish trend line on 4 Dec till now. There seems to be support at 1.315 so this is a good place to take some partial profits, adjust SL. If the support is broken, it would be another good selling opportunity as the next target would be 1.304. All the best !

dchua1969 Updated 

See chart Firstly, you would notice that the price action has been stuck in a symmetrical triangle since early May. It did breakout on 22 Nov but not for long. It retreats back after hitting the resistance at 1.001 on 29 Nov. 2nd Dec , it has formed a strong bearish engulfing candle which takes the price all the way south to current price of 0.9877. There is a...

dchua1969 Updated 

Sunny Singapore is getting wet weather in the month of December. Lots of sales ongoing with the festive season - Christmas and year end sales. The HK protests in some ways have contributed to a fair amount of Hong Kongers moving to Singapore and even business owners parking their funds here. www.cnbc.com www.channelnewsasia.com

dchua1969 Updated 

The last 2 candles indicate a doji pattern, ie a possible trend reversal as it hit the bearish trend line (dotted line). So, it can push higher towards the next target of 1.112 before retracing. Today closing would provide a better view of next week performance if the price does close above or below 1.110 level. Watching closely.

dchua1969 Updated 

Same thing here for Citigroup. Now you can choose one of the 3 banks to buy , no need to buy all 3 as that concentration might be too heavy for a single portfolio or you aren't too sure. The bank takes money from you each year on interest and bank charges, now is the time to get back some from them, wouldn't you want that ? haha

dchua1969 Updated 

See chart

dchua1969 Updated 

See chart

dchua1969 Updated 

For GBPAUD to continue going up, then AUDUSD must come down. Let's see how it turns out this week. Again, I emphasize if you are going to long this pair , i.e. GBPAUD, then avoid shorting AUDUSD as that increases your risk exposure. Nothing is for certain in the trading market. If you get it wrong, once is enough, you do not want a double whammy. If you can...

dchua1969 Updated 

India , unlike its big brother, China does not receive as much international exposure and coverage as it should. But as traders, it is our job to sniff out the good opportunity. Tomorrow, it is almost certain that RBI would cut its 6th interest rate by 25bp. So, the stock market is pretty hard to collapse , at least not in the near future. Correction is...

dchua1969 Updated 

If you have not tried steamboat buffet , then check out this restaurant - Haidilao. It is so popular here in SG that each time you go, you have to wait for hours to get in. What really impressed me is their level of service.The Company has gone soft as in differentiating from just being a tangible product business to having a team of friendly, heart-warming...

dchua1969 Updated 

For those who followed and made the 3.77% profits with us , congratulations. We are thankful to God who made this possible. More importantly, I want to share a critical lesson here. Why did some make and others don't ? In the Bible, there is a nice story of the Messiah disciple named Thomas. While others were shouting for joy and in excitement telling him - we...

dchua1969 Updated 

Price is now kind of stuck in a symmetrical triangle pattern where it could hit either way, up or down. For it to go up higher, the price must close above 104.57 which I think it will. Another possibility is it could also hit lower first before trending higher. That would means it would hit 102.85 as the first support. If this support level holds, then we can...

dchua1969

It is sexy and attractive, I agree! I mean what kind of a trader are you , if you are not in the game of trading Bitcoin or any other cryptocurrency? After all ,there are stories of people making millions out of it and the news that splashed across the media about how it is going to take over hard currency and all, how can anyone ignore it ? Yeah, I know ,...

dchua1969 Updated 

It takes more than 2 years since the small gap of 1.077 to 1.08 to be closing..... I anticipate the USD will get stronger over the next few years so that EURUSD will drop further as indicated on the chart. See smaller time frame for entry.