dchua1969

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...

dchua1969 Updated 

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...

dchua1969 Updated 

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...

dchua1969 Updated 

First, read some news about this company here Chart wise, it is precarious to go long for now as it is at an inflection point - a symmetrical triangle that can goes either way. Note that is a gap to be filled at 35-40 level so if the price does break down, we can expect this level to be retested. I can understand the thrill and excitement of buying such...

dchua1969 Updated 

In Singapore where I lived, the influencers online are mainly congregated in Youtube or FB Live. But in China where billions of people lived, there are many more live streaming channels that these young, trendy influencers used. Here's just 3 of them among the many. And Covid-19 making more people stay at home has been a catalyst for this live streaming...

dchua1969 Updated 

Short this , expect volatility over the next few months ahead ......

dchua1969 Updated 

In my opinion, it is a resounding YES ! Please refer to my updated SPX500, Nasdaq and DJIA charts later and you will see that the bulls are getting exhausted as the climb gets steeper. Nasdaq , offering the best returns thus far is registering an ascending wedge pattern and the price action is consolidating within a tiny wedge before it breaks down. Rightfully,...

dchua1969 Updated 

Read this news here The 3 telcos that dominate the telecommunication market in Singapore has awarded the 5G contract to Nokia and Ericsson. I am quite optimistic on this Company. This will be a long term play, one that you can buy and keep in the drawer for a while.

dchua1969 Updated 

I am talking about the professionals , of course. 20-30 years ago, gaming was hardly in fashion, less to talks as a trend. Now, the youngsters all want to get involved, chasing the gamer's dream. And that of course make the gaming companies like Tencent , Actvision Blizzard, etc produce more games for them. Will be adding long later. Note, the temporary ceiling...