dchua1969

dchua1969 Updated 

Ascending wedge patterns at the top, bearish

dchua1969 Updated 

Let's wait for the resistance level at 10.91 to be break up, retrace before initiating long. It has more than 10% jump yesterday.

dchua1969 Updated 

One of the latest in my portfolio, BZUN has registered nearly 50% returns since we longed at 28.97. This is an e commerce stock in China. Read more here . The second one is Pinduoduo stock where I covered in last November. This one has given us more than 170% returns thus far. Read about their news here The last one is ZA Online stock which I recently...

dchua1969

Read news here Disruption to businesses, people going to work, students going to school, etc - just when you thought this is over, it hits you again ! This uncertainty of how long this time it will last is bringing nightmare to many people. The AUDUSD is very likely to be hit. The Chart confirms it with a breakdown of bullish trend line and price patterns as...

dchua1969 Updated 

Read article here . If you watch boxing matches, you would notice that the boxers spend quite a bit of time dancing around their opponent, making them strike first, exhaust their energy , get familiar with their strategies,etc. The real punch comes when there is a real advantage to it else it will land itself into the air, wasting energy and revealing...

dchua1969 Updated 

A follower asked me for the forecast for this pair, CADJPY. I then asked him , why are you trading this pair instead of the major ? Answer : Uh.... I don't know, I saw some authors said it is going to go up ......... CAD is the Canadian currency used in Canada, which is an Oil exporter. JPY is Japanese Yen currency which is used in Japan, a net Oil...

dchua1969 Updated 

I was doing a quick map out of the stock market performance in Hong Kong and apparently, this company, Ping An Securities Gp has a single day 72.6% jump. This is crazy , I know. But before you get too excited, in Oct 2014, the peak was at 1.70. No, I did not intend to spend much time to research on this company though it might be related to Ping An Insurance...

dchua1969 Updated 

This is one stock that is in my watchlist. As you can see, there is a descending wedge (bullish signal) within a descending channel. On bigger time frame, Day chart, I am awaiting for it to breakout of 9.00 before initiating a long position. But the last few days have been a parabolic moves for the China market. It is as if it is living on steroid, a 90%...

dchua1969 Updated 

If you had followed our post on longing gold here , you would have made about 20% returns thus far. If you have not for whatever reasons and are thinking of going long, you may want to read this before your execution. I did a comparison between Gold price and Dollar index to help me predict what's likely going to happen next. In Gold chart, we can see price...

dchua1969

Despite the resurgence of Covid 19 cases in US, the stock market is simply ignoring it and going on a bull rally. The 3166.85 resistance has been taken out and it appears that 3225 level where it was on 10 June will be revisited soon. Staying bullish while being cautious for now.

dchua1969 Updated 

Make a guess first before clicking this link ? Which country do you think scores the 1st position ? I randomly asked several people and their answers are all the same - USA. Yes, most would not believe that a China bank can beat even our 3rd contender; JP Morgan in USA. Of the top 10 companies in this list, half are from China. WOW!!! Let's take a look at the...

dchua1969 Updated 

I covered these 3 companies here , here and here . YUEXI Transport - riding on the wave of infrastructure spending by China Government. More budget will be set aside for infrastructure and YUEXI Transport will be a beneficiary. HUYA - This is the new , emerging industry moving forward and a lot of attention, money, sponsorship are in this industry now. The...

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Read article here

dchua1969 Updated 

Another Tencent back investment , read about Yeahka here. The support at 16.64 is crucial as it will determine whether the price will continue to trend higher or heads south if it breaks down. Thus, if I have to take a quick short term trade , I would wait for the price action to settle at this level before deciding. This is a symmetrical triangle pattern...

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See chart

dchua1969 Updated 

see chart see my others posts on descending wedge pattern

dchua1969 Updated 

According to research, 95% of our behaviour daily are on auto pilot. That means, it is performed out of our own habits(good and bad). Imagine waking up each day and having to think consciously what you need to do? Wouldn't that be stressful and a hassle ? That is why we formed habits to make things easier for us human kinds. Habits like brushing our teeth, tidy...

dchua1969 Updated 

Nasdaq had broke the historic 10,000 price level resistance and is poised to go higher. That is why you see our posts on FB , Amazon , among many others have risen lately. When the tides rise, all ships on shore will be lifted up, regardless of your size. Thus, I am of the opinion that RUT will have more leg room on top. Let the drop begins and see how far it...