dchua1969

dchua1969 Updated 

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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 

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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....

dchua1969 Updated 

If 28.35 fails to hold, then I would not want to buy. For those WB's fans, you might want to read up more on this company here .

dchua1969 Updated 

1. Gold 2. EURUSD 3. NZDJPY 4. AUDUSD Other than the usual adjusting of your SL , take partial profits and letting the remaining positions run till end of trend, there is one often neglected area that traders fail to do. That is, count your blessings (literally). By that, I mean, print out from your system the winning trades showing the profits on the...

dchua1969

If it breaks down and revisit the 8000 price level without falling through, that would be a good accumulation. Another alternative is it continues to inch along the bullish trend line and attempts to break out of the 10,000 price level/resistance once more. You can see that this is a strong resistance with many sellers wanting to push the price downwards. Be...

dchua1969

A trader friend of mine was feeling on cloud nine and sharing with me his winning trades of late. He told me he has been focusing on one single tasks, selling and buying HSI mainly for the last 2 months. Each short (indicated in blue) earns him an average of 4%. If you look at the chart, you would notice the price action did not goes down to revisit the support...

dchua1969

Here, you see clearly on the 4H chart that the bulls are a little tired pushing the price up. It needs a rest. So, I see two possibilities. It could break up after a few more candles or continue to move up towards the end of the wedge before breaking down. Either way, as a a trader, you need to learn to take profits off the table when you still have the chance....

dchua1969 Updated 

read news here I will be waiting for the IPO on 11 and 18 June for the IPO launch of Netease and JD.com. I am bullish on this two stocks based on charts. P/s: With that said, I might take profits from my HSI shorts ...

dchua1969 Updated 

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dchua1969 Updated 

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dchua1969 Updated 

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dchua1969 Updated 

The commodities currencies, AUD and NZD have been on a bullish blaze thus far since the recovery on 20 March 2020. This was 3 days earlier than the US indices which recovers from the bottom on 23 March 2020. See chart. For AUDUSD, there is about 300 pips profits to go before it hits the 0.70 round number. For NZDUSD, it will be 0.675. I prefer AUDUSD than...

dchua1969 Updated 

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dchua1969

Using trend lines to determine bullish or bearish stance on the charts seems like pre-schools stuff, it is a no brainer as some traders might say. Break out of bullish trend = sell, break out of bearish trend = buy. In a way, they are right but it is more than that. Take Walmart as an example. It is enjoying a nice bullish run since the 1990s, whether you view...