dchua1969

dchua1969 Updated 

This is Alibaba that is recently listed in HK. I usually do not trade IPO as it lacks historical data to provide a good chart analysis but several followers wanted this, so this is the best I could do. This is a 15 min chart and you can see 2 big gap up during the new issue. The price has now broken down from the bullish trend line and 3 scenarios are likely...

dchua1969 Updated 

Notice after the gaps been closed, the price action kept hovering around this price level, making it a strong support level. Last 2 red candles are highly bearish, pin bars and likely to falls back to the support level again. SELL

dchua1969 Updated 

see chart for explanation

dchua1969 Updated 

For me who stays in Singapore and buy things from Amazon from time to time, this currency exchange does not work in my favour. That means, I have to give up or sell more SGD currency to get/buy 1 US dollar. So before it goes even higher as I think it would from the chart, this Christmas might be a good time for me to go shopping again!

dchua1969 Updated 

see chart for explanation!

dchua1969 Updated 

This chart is beautiful as it presents a great selling opportunity. Now the profit target (red dotted line) is also the 618 FIB level so if it reaches there ,expect some pullback as well. It could also retrace a little and continue to dive southwards to meet the gap to be closed. However, if the price action does reverse and pullback aggressively back into the...

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

It is almost impossible to turn on the news or read the papers without seeing positive news on the political scene in Hong Kong. Videos, articles, analysts views, etc are filled with negativity. One sector that got hit badly is the property market. New world development has declined more than 35% from its peak of 13.88 in April this year to current price of 10.34...

dchua1969 Updated 

see weekly chart

dchua1969

This weekly chart provides a good understanding of 1. Gaps - price peak in May 2011 and has plunged more than 70% ! 8 years later, we are still in the dark tunnel 2. How resistance turns to support and vice versa 3. Price action - 2011 to 2012 - that was the waterfall plunge in the 1st short where it lost more than 70%. That means, for a shortist to miss...

dchua1969 Updated 

As the price action moves further away from the trend line (green), it will over time either moves sideway before touching the trend line and goes up again. Or, if it moves too high up , it can also moves down (correction) , touching near or at the trend line and moves up again. Lesson learnt - if you want to buy, buy it near the trend line. The challenge most...

dchua1969 Updated 

The 4H chart shows the possibility of it breaking out from the bearish trend line and present a great buying opportunity. That is Option 1. If not, the price action could disappoint and heads further south towards the support (pink line) before we see a retracement. If that is the case, it is a better entry price for the buyers. As it is too close to the support...

dchua1969 Updated 

Unless there are nothing exciting to buy in the market , which is not the case with proliferation of products in the market and lower commission offered by brokers. Therefore, once bitten , twice shy, most traders would give it at best, 1-2 tries buying/selling this pair and if their SL is hit, they are likely to move on to others. Again and again, I have seen...

dchua1969 Updated 

If VIX chart is right and it is expected to turn around soon, then DJI probably have not much room to move up next week. Corresponding to VIX, DJI chart should show a correction , likely as shown on chart. NOTE - the green bullish trend line is still intact and so long price action sticks close to it and move along (even crawling at snail pace), then we can...

dchua1969

See chart

dchua1969

5 times, it tried so hard to breakout but failed 4 out of 5 times. OMG, how frustrating that must be! For those who had bought DJI way earlier, congrats to a much higher profits. Latecomers, don't despair, there is still opportunity though the air on top is thin and may require oxygen tank to breathe easier, i.e.. the margin may not be so high and the risks also...

dchua1969 Updated 

See the chart

dchua1969 Updated 

It is a matter of when it breaks out, watch it closely....