dchua1969

dchua1969 Updated 

It is still registering strong bullish move on the trend line as each correction helps it to propel upwards further. Thus far, it has closed 3 gaps with the last one at around 11,500 to be closed . Ensure your Stop loss is in place and always use appropriate position size to trade/invest. Do not let the fear of missing out gets you into a larger than usual...

dchua1969

I spoke to a few people in their late 40's to 50's and several of them had either been burnt in their portfolio or gave up hope in the stock market because of bad timing. Let's take a look at the most recent recession ; 2007 to 2009 subprime mortgage crisis . Had you chose to invest during this period, you are most likely to suffer huge losses and I can...

dchua1969

Many traders get too entrenched in spending hours after hours pouring over the net and attending courses to discover the holy grail of knowing when to buy a stock/index/commodity/ETF/currency/etc. However, what's neglected is what to buy is just as important if not MORE. Why did I say so ? Now, depending on where you are, you are probably familiar with your...

dchua1969 Updated 

The Nasdaq has broken new records high and it is getting the bulls a little jittery. Shall I add more ? I will not if I were you for the following reasons : 1. It is now trending at a steep angle within the ascending channel. Once it breaks down, we know a correction is inevitable. Risk reward ratio may not be justifiable to go long now. 2. Currently, the price...

dchua1969 Updated 

see chart.

dchua1969 Updated 

see chart

dchua1969 Updated 

Read latest article here and here As a component supplier to Huawei, this new sanction by President Trump causes its price to fall as much as 11% yesterday. Let's wait for the dust to settle before initiating a position.

dchua1969

See chart Wait for the price to fall towards the bullish trend line first, establish bullish signals then place your long positions. If it breaks down from the trend line, the trade plan is called off.

dchua1969 Updated 

Read latest article here A follower from Malaysia wanted my 2cents opinion on this company, Top Glove Corporation Bhd. Here you go : It has risen more than 400% according to the article which I think is a little overbought judging from the parabolic moves it has made thus far. I expect the share price to have a correction to around 22.50. There, we would...

dchua1969

From time to time, I would check my FB site to get a glimpse of what's happening in the investment world out there. What's on offer and what's new that catches my attention. I discovered as the global market is entering into recession, high job unemployment and resurgence of Covid-19 cases in Australia, SK and HK, even China, the "fake gurus" and scammers are...

dchua1969 Updated 

Those for followed my EURUSD post would have made more than a hundred pips profits from the bottom at 1.17159. This week, I expect the price to continue and likely to break out from the resistance at 1.190 level. However, it is wise to take some profits off the table and adjust your SL to breakeven. There lies a possibility that it might revisit the bottom at...

dchua1969 Updated 

Imo, it is not ! Working on the bigger time frame like weekly and daily, Silver is still enjoying a bullish run. It had a pretty serious tumble last night, collapsing the price to more than 14% at one stage. A few important lessons here : 1. Commodities be it silver , gold or palladium are highly volatile in price movement as we had seen its parabolic bullish...

dchua1969

If you like Teladoc , then consider this healthcare stock.

dchua1969 Updated 

Read article here If we look at the chart, we can see that CN50 has break out of the resistance in 2015 at 14,828 on 7 Jul 20 and is now at 15,146.40. From a technical perspective, those who had followed my post here can consider take partial/full profits and let the remaining units run. The key support at 14,969.70 now is crucial as it indicates the future...

dchua1969 Updated 

The price at 0.653 remains a strong support level for the Kiwi dollars. It attempted to rebound from this level to 0.65988 but failed to go higher and came back down to the support level. So, let's be patient and wait to see how it performs before we react. If bullish signals continue to support, then we can take a long trade at the support level. But, if it...

dchua1969 Updated 

Read latest article here

dchua1969 Updated 

Read latest news here Wait for the pull back (maybe it will close the gap) and see it fly higher up. Those who get in now are riding on the 5G technology which China is way ahead of any countries in the world.

dchua1969

Good morning superheroes; I hope you have a wonderful weekend and are all ready to take on new and exciting challenges this week. First of all, we take a look at Dollar Index. On the weekly chart, we can see it has broken down from the bullish trend line. I expect the price to remain weak and over the upcoming weeks/months, it should fall towards 88.97 to 90.95....