dchua1969

dchua1969

You see, you can be putting in the hours, days and nights into plotting charts, doing endless hours of research on companies, industry news ,etc and yet for some reasons, you are not seeing the success you want in your trading (and investment). Your actions are determined by the way of your thinking. And there is 2 parts to your mind - the conscious part...

dchua1969

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dchua1969 Updated 

China Aerospace Science and Technology Corp The major contractor for China's space programme. Total profit of 7 billion yuan on revenue of 70 billion yuan in 2009. Has eight listed companies, including China Spacesat Co Ltd and Shanghai Aerospace Automobile Electromechanical Co Ltd.

dchua1969 Updated 

It depends. In this NGAS case, apparently it does not. If one holds from 2016 to 2018 last year, they would have made a whopping 200+ % returns, 10 x more than current S&P 500 returns. However, if one forgets to sell or think price goes up forever , then they would be sorely disappointed as shown on the chart with its waterfall sharp drop! Lesson learnt : What...

dchua1969 Updated 

A follower sent me this link and was excited to short it and ask for my views. Looking at the daily chart, we can see that this pair has fallen more than 20% from the peak at 12.00 in mid March till now. As the price has fallen quite a lot within the channel, there is a higher probability that it might pull back (see the blue turquoise candles) before it...

dchua1969

If you have not bought into this pair since our trade post here, wait now. It is currently facing a resistance at 0.650. It might retrace or it might break out from here to push the price action higher. If you get in now because you were late to the game, then you might be in for a surprise should the Market decides to retrace. Nobody knows what Mr Market wants...

dchua1969 Updated 

That is what the media is now saying - that the market is anxious because of a second relapse of the Covid-19 virus. Look at the latest happening in China where 137 new cases were discovered and schools had to be closed down again. What else are there to worry about ? Well, the number of cases in US is still not tapering, that's a prime concern especially...

dchua1969

You can see the price action on USDCAD upon touching the bearish trend line , it starts to recede once more. To confirm your assumption is right, compare that to the Oil commodity. It displays a bullish engulfing candle which is a bullish sign. We can conclude the probability of Oil breaking above the resistance line at 40.53 is high and worth taking a long...

dchua1969 Updated 

Rationale is simple. The longer term trend is bullish and the 1H chart shows a temporary correction. Yes, if you short, you might get lucky and win some pips profits but that also means you have to be fast with your fingers. Some may be fast to get in but late to get out, turning profits into losses. Not worth it. Some are late to get in (FOMO) and early to get...

dchua1969

Buying now is assuming you can predict the market which of course is nothing but a fantasy to many traders. Sometimes, luck is on their side and they forget about the basic rules of trading and become cocky. That is a danger sign to watch out for ! Let the price action breaks out from the triangle and with bullish signals then only you go long. If it falls below...

dchua1969

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dchua1969

There is no rush to buy bitcoin and do not let the "experts" tricked you into not getting on the boat now and you will missed the next million dollars opportunity. From chart, 9600 is the selling zone as it has proven on 12 and 16 June 20. You can sell now to ride the trend down to minimum 8090 as first target. From there, let's observe the price action before...

dchua1969

Read article here The writings is on the wall. All Central governments worldwide are printing money. What you called it is not so important. Leave the economic terms to the experts and analysts. For us, traders and investors, it is suffice to know this will continue to shore up the market. We are currently close to 30% up from the bottom since 14 Mar 20,...

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Read his prediction here I listened to one of his video recently and he mentioned about the co-relation between Lumber and the stock market. He said that Lumber price action is a good indicator of consumer wealth direction as that is what most average Joe will spend on the most - their home. Currently, this commodity is facing some resistance at 71.4. I expect...

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If at the close of the day , the last candle close is above 3159, we are in for another bullish move. Else, we can foresee a bearish move downwards. Note, at this level, it has been retested 3 times and it fails to break out.

dchua1969 Updated 

See chart Read latest news here This reshuffling is going to boost the index to a new level by reducing on the heavy weighted financial stocks like ICBC. For the next decade, China will be focusing on 5G, Al, Ecommerce, EV, digital payment gateway, healthcare, etc. Many aspiring companies in this list are not included in the index and that would soon change.

dchua1969 Updated 

Last night , the market is generous again to offer us retail traders a discount to buy great companies again. Tencent is one of them, having slide from a high of 455 to current price of 437. So, I am adding more of this stock into my portfolio.

dchua1969 Updated 

In the past, I was afraid to see a sea of red in the stock market. Not anymore. I believe there is still lots of room to move in this bull run and last night 5% fall for Nikkei 225 and HSI is a buy on dips for me.