dchua1969

dchua1969 Updated 

Looking at the chart, you would notice that the price has gone up the roof over the last 6 weeks without taking a breather. That is not healthy as it does not offer a break, correction of some sort before going further. So for those who must buy TSLA, then wait for the pullback and goto Day or 4H chart to see the price action before buying.

dchua1969 Updated 

If it is, then we can expect the price action to charge higher towards 2.278 then 2.359 and then 2.498. Of course, there will be pull backs along the way. Another way to look at it could be the price may retreat one more time towards the support at 2.065 to 2.099, making this breakout a false one. Yes, it is very possible but you can see that if it does, the...

dchua1969

It is not uncommon for us to spend so much time analysing a chart, drawing lines, studying the price actions, reading up news, checking forums and analysts' comments, etc but when come to pulling the trigger, we sometimes become frozen. Here, I have indicated the profit target and tomorrow morning, I will be hitting the buy button. Will you join me and ride the...

dchua1969 Updated 

We are now back to the 1st Quarter of 2019 where USD is at the level of SGD 1.345 to USD 1. That to us, is a plus especially for those who purchase things from Amazon, paying for services bill in USD or even saving for the US university fees for children. The lower the price falls, the cheaper to us, Singaporeans or those who stay in SG for that matters get to...

dchua1969 Updated 

Plenty of rooms to move upstairs once the 2 levels of resistance at 12.34 and 14.29 are cleared. Wait for 9.03 to be cleared first before initiating a buy.

dchua1969 Updated 

The market has slipped nearly 13% from its peak in Aug 19. Chart shows several times that the price action has displayed fake breakouts.Now, we see a pin bar outside the bearish trend line. It is likely to fall back into the bearish trend line next week and may even goes further south to the direction indicated. Alternatively, it could gain some support at 79.15...

dchua1969 Updated 

A little tricky here, it could falls back to the bullish diagonal trend line then rebound OR do a gap up or followed by a bullish green candle pushed by the buyers next week or so. Because the course of action by the geopolitics issue happening between Iran and US is not resolved, the price action might range for a while, i.e. hovering at the 24.76 level.

dchua1969 Updated 

I read somewhere there is a co-relation between high oil prices and the ruble currency. But rather than heading into that area, let us focus on the charts instead. The recent Iran matter that drives the oil prices up will further deteriorate the USDRUB. But please note that there is strong support at price level from 60.80 to 61.58. So, if it plays out as...

dchua1969 Updated 

Sawadee Khrup! Looking at the chart, we can see a fake breakout with the price returning back inside the bearish trend line. Barring any surprises, it should heads further south towards 84.65 or worse, 80.99. I am more keen to buy this ETF than short it and at current price level, the risk reward does not seems justifiable to short it. But for those intraday...

dchua1969 Updated 

We are already quite high up now on Dax and also many global indices. If 13,579.21 is the peak, then we are about 360 points to go before something happen. And what could possibly happen? Well, it could either breakout from the resistance and continue to head higher. Or, based on historical pattern, it should correct for a while before going up. To buy now...

dchua1969 Updated 

Since Sept 2012 till now, that is how long the bullish move has been for this pair. In between, there were many ups and down. Overall, if you had bought into this pair and hold till today, you would have made over 3000 pips. The peak was at Jan 2016 where a gain of 5000+ pips could be made. But more importantly, the recent US- IRAN case that causes oil commodity...

dchua1969 Updated 

Do you want to have a piece of that Olympics profits ? If you condense the chart close enough, you would notice last Christmas (25 Dec 18), there is a inverse H&S pattern displayed nicely. Approximately at 20,163 acting as the support , the Nikkei 225 has not look back since, galloping its way to the rising sun. With the forthcoming Olympics in 6 months...

dchua1969 Updated 

Yes, that's correct. You would have made this much of profits had you started to accumulate gold somewhere in early September 2018 till now. US$1000 invested back then would yield you US$1400 now. From the chart, you can see the real spike begins in May till Sept 2019. Then it went into consolidation or hibernation for 3 months till Dec 2019 before it picks up...

dchua1969 Updated 

At a paying yield of 6%, this dividend play might suits the palette of some traders/investors. Though I think 14.88 support is much likely to hold and breakout , in trading, there is no 100% guarantee. So, be prepared for a further retest of a lower support at 14.01. Current price action indicates it can breakout from here at 15.39 level or retest 14.88 before...

dchua1969 Updated 

This daily chart is interesting as it shows multiple times that the market has created fake breakouts to trap the buyers. Now, we see the candles returning inside the bearish trend line - bearish. Also, it sits on an important support level at 1.45360. I am awaiting for it to breakdown, retrace before initiating a sell position. There are two support levels to...

dchua1969 Updated 

The recent bushfire incident in Australia is a tragic and a setback for humanity. God bless the country and the innocent people who are where they are now because of this situation. Businesses too are suffering especially those in the timber, packaging, paper, furniture,etc industries where wood resources (supplies) are now very much compromised. If this...

dchua1969 Updated 

SPX500 is now locked in a weekly ascending wedge pattern, which is bearish. So, you see there are 2 normal corrections, following the green arrows as the price touches the upper channel and retreat. However, a remote possibility could be a breakout of the channel and continue to charge higher, creating a false breakout and then plunge down heavier than the normal...

dchua1969 Updated 

What we do not think about , we tend not to see it mentally and physically. Process that for a minute. Trade opportunities sources can come in various channels, using TV is one good way. I read solid ideas from many authors and beef it up with my own research. That is the spirit of sharing ! Here, I think the potential for ACH to breakout is much higher as you...