dchua1969

dchua1969 Updated 

Around 10.64 was a good entry point after the fall in March this year as with all other equities. It thrust forward very fiercely like a rocket launcher in 90 degree angles. Now, it is retesting the resistance at 13.20 level. It may break out and continues to retest the next resistance at 13.56 to 13.94 level. Alternatively, it can conform to the Cup and Handle...

dchua1969 Updated 

For the last few months, when you were out doing your grocery shopping and donning the face masks, did you notice how the smokers slow down and try to take a puff while adjusting their face mask uncomfortably? You see, we are all creatures of habits. And I don't want to sound like a broken record, educating why smoking is bad for health, blah blah blah....... I...

dchua1969 Updated 

Decades ago, it was a big deal if you are a millionaire. Then , many became one and then there is multi-millionaire. Soon, the latter is overtaken by billionaire. Now, the media is saying in no time, Jeff Bezos, chairman of Amazon will soon become the first trillionaire on planet earth. I am certain for someone who is able to reach this stage, he must have done...

dchua1969

See chart You can see that SPX500 drop about 3.7% and DJIA drop 4.5% from 8 -13 May. Thereafter, it has been riding on a bullish trend. Next, we were also educated from textbook that triple top formation is bearish. If we follow blindly and not react according to what we see "live" on the chart, then we would have missed the bullish move. Never mind the...

dchua1969 Updated 

See chart What happened to buy low, sell high? If for whatever reasons, you believe this stock is going to the moon, wait for the price action to prove itself when it breaks out of 58.78. And even if you are 1000% sure that when it hit the resistance , the price action is coming down, you wait too. What's the hurry? Don't you want to sell high and buy low?...

dchua1969 Updated 

So, there you go. USDCAD is highly likely to fall to close the gap. Conversely, oil is inching up nicely to fill the gap too. Now, being optimistic is one thing but being greedy is not a wise thing to do. Why ? I'm glad you asked. See, if you short USDCAD and long Oil at the same time and if Mr Market decides to play you out, what are you going to do ? You...

dchua1969 Updated 

If you think about the landlord business, you think of collecting rentals on a consistent basis, right ? That is part of what this company do. Building toll bridges and highways in China and collecting toll fees (or rentals). Yes, the Covid-19 will probably hurt its short term revenues as the government halt the collection of toll fees in China. Read article ...

dchua1969 Updated 

see chart With the global stay at home policy, who in the right frame of mind will go and rent a vehicle now ? No wonder the stock price has been plummeting..... Short - way too late Buy - might take a long while to recover Not all cheap stocks are worth looking at.

dchua1969 Updated 

No, we don't want to keep hammering the stale yet true statement about if we had invested in this great company 3 , 5 or 10 years ago. It does not matter as that was the past. What's important you are still here, very much likely using Facebook but probably not monetise it. I am not asking you to sell wares using FB as a channel. That is not what I do as I find...

dchua1969 Updated 

Hooray.....Now that DJIA has break out from 25,133 price level as resistance, it is likely going to revisit 28,420 to 28,860 to close the gap. However, it may not go up as per the direction I drawn on the chart. It could also consolidate above the resistance level for a while before it heads up higher. So long as it does not breach the bullish trend line, it is...

dchua1969

A follower was over the moon when he tried his luck a few days ago on Luckin Coffee. Read more about our shorts here. He longed at 1.39 and made a whopping 54% profits in 3 days. Of course, he was over the moon and was very excited. I shared his joy and gave him my congratulations. The reasons I did not long is very simple. I have taken profits on this stock...

dchua1969 Updated 

You see, there are few hundred pairs of forex currencies in the market , excluding the ETFs and other instruments. Like I said before, choose a few to trade and get really good at it. Study the chart so well that you can memorise the top, bottom, support , resistance level ,etc by hard. This experience , nobody can takes away from you. When you mixed one too...

dchua1969 Updated 

Read latest article here I wrote recently in one post about the pent up demand of consumers and their buying behaviour. While the health crisis has prevented many to go out and shop but deep down, the desires to own things they want , the urge to spend and feels good - the fire within have not been extinguished at all. In fact, it is like the phoenix rising...

dchua1969 Updated 

see chart The political scene of HK has taken on a new level. Protests will get more violent as anger, frustrations and this time, we could see China coming in more aggressive than before to contain this protest. This does not bode well for the HK economy.............

dchua1969 Updated 

Can we possibly have the cake and eat it at the same time ? I mean is there such thing as best of both world ? If you understand the intermarket relationship between forex, stocks, commodities, etc , then there are pockets of opportunities available. For example, those who stay in Singapore (SG) will know that SGDMYR is historically on a bullish trend. Based on...

dchua1969 Updated 

The dateline is 31 July 2020. Why ? The average americans reckon that the extra money received (600 bucks) from the government would be used by this date, 31 July 2020. With the alarming unemployment rates of millions (more than 30)of Americans and businesses still struggling to reopen their business and if Feds does not have a Plan B, it is highly likely...

dchua1969 Updated 

What does not come into your sphere of attention , you tend to forget about it over time . My last post on this counter was here . The price action looks to retreat , probably to 11.27 to 11.91 for support before heading higher

dchua1969 Updated 

see chart