dchua1969

dchua1969 Updated 

Sometimes, when your life is too routine and the things you are exposed to are more or less the same, you become complacent. Go to work, come home, cook dinner, play games, sleep. Repeat and rinse. In trading/investment, it can be the same as well. If you stick to your own local markets, the companies that are very familiar with (strong brand name, you are the...

dchua1969 Updated 

Read article here When compared to YINN , you may think that it does not move as high as CN50 from the look on the chart. Please note that this is leveraged ETF, which is a 3x multiplier on the bull side. YINN is suitable for those who can tolerate a higher amount of risks and this can be used sparingly for short term trades. Currently, the US-CHINA tension...

dchua1969 Updated 

Will this news be the straw that breaks the camel's back ? From chart, we can see the price has reached an inflection point, ie. 3119.60 where it fell on 26 Feb 2020, retraced twice , 3 Mar and 5 Mar but subsequently failed to break out and come tumbling down to a low of 2200 on 23 Mar. So, some sellers who bought late on 26 Feb and suffered almost 30% loss...

dchua1969

Have you played the musical chair game before ? A group of fun loving people will dance/walk around a row of chairs with the music playing behind. Once the music stops, you have to find an empty chair to sit. To make the game interesting, there is usually one less seat for say 10 pax. That means these 10 persons have to fight to sit on the remaining 9 chairs....

dchua1969

Wait for bullish signal, go to smaller time frame to find entry.

dchua1969

Step 1 : Identify the descending wedge pattern , a bullish sign Step 2 : If you are a high risk buyer, you can buy on the breakout Step 3 : This is where I buy after the pullback with 1.122 as support Step 4 : Now that price has moved 140+ pips, I would adjust my trailing SL to 1.12797 to lock in my profits. This way, I am free of monitoring the price action...

dchua1969 Updated 

A good hunter knows its prey well. What are its habits, the likely path it will travel and instead of chasing after it, the hunter will set booby traps to catch it. Trading , in a way shares the same analogy. If you want to make money out of GBPUSD in this case, you do not go after it now. Why? Because the price is reaching the resistance level at 1.26466. But,...

dchua1969 Updated 

This theory is based on the Law of Suggestions that you can find in many psychology books or self development on the human mind. Consider this article for a moment. If you have only 5 seconds to glance through, I bet the keywords that stays in your mind will be severe and self off And the Media are well aware of this and when they put up the article, they...

dchua1969 Updated 

Look at the orange line in this chart It is currently leading and outperform the US indices. With more middle income group in China earning a higher disposable income, Huazhu Group is well positioned to take advantage of this growing travel trend. Chart wise, it has a strong support at 25.48 and I expect the current price to head higher and breakout of the...

dchua1969 Updated 

Read article here We have heard of cases of kids and teenagers who died while spending hours at internet cafes and the Chinese government ban on online games to appease the public at large. Esports is now gaining recognition worldwide with more tournaments being held. In fact, it was to be a major Olympics Event in the upcoming Tokyo 2020 summer Olympics...

dchua1969 Updated 

We know what happened to the casino scene in Macau, where it's dominant business is for the country. With the travel restrictions and fear of getting infected, the rich and wealthy players are still not visiting in packs to the casino much to the disappointment of the operators. However, stock market is forward looking and traders are betting with the...

dchua1969 Updated 

It was in February 2016 when Japan adopts negative interest rate policy. For the next 6 months or so, the stock market barely moves, consolidating between 15000 to 17000 range. In Sept 2019, President Trump tweeted about his support for zero or negative interest rates policy and pressured FEDs to do it asap.In May 2020, he renewed his calls once more,claiming...

dchua1969 Updated 

see chart

dchua1969 Updated 

This was once touted as the next FAANG stock by many analysts some years back. It has been hit quite badly with the Covid-19 as its business focus a lot on small businesses. The states reopening its economy will be a booster to Square in the coming quarters performance. It could also be a potential target for bigger firms like FB, Apple to take over this company...

dchua1969 Updated 

2 concerns I have - Will the Americans continue to spend like pre-Covid 19 days ? Coz that is what credit cards do, to help you to spend more by giving you leverage to your cashflow. The more you spend, the more they earn. Secondly, AMEX is also tie up with various hotels and airlines with its co-branding cards (a way to diversify and again encourage spending)....

dchua1969 Updated 

see chart

dchua1969 Updated 

Read latest news here What I like is the strategic relationship they are cementing , moving forward. We are well aware the Chinese are familiar and love shopping online for goods and services. Appliances business will take a hit with the Covid-19 as the lockdown period has prevented many to go out and shop. With this tie-up, regardless of Covid-19 or future...

dchua1969 Updated 

Time to put on your thinking cap! We must remember in the market, there are many kinds of players. Retail, institutional, government authorities, etc. Some wants to invest for the long term and would not mind the volatility and probably add more when price drop. Day or Swing trader would take advantage of this volatility and try to make some profits out of it....