dchua1969

dchua1969 Updated 

Read positive news here and here I am of the opinion dips are for further accumulation as I am bullish on China story for the long term. But I won't recommend going all in or show hands with China A shares. There are still many unknown factors in the market , Q2 GDP data, unemployment in China, business activities , US-China trade war, Huawei saga,...

dchua1969

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dchua1969

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dchua1969

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dchua1969 Updated 

It is common sense that if you want to play diving , jumping at the pool, you look for the deep pool that is 1.8m and above so that the depth of the pool is able to cushion the impact. However, common sense is that commonly practised. Sometimes, I see parents not supervising their kids and allow them to jump at the shallow pool and taking a big risk of...

dchua1969 Updated 

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dchua1969 Updated 

If big foreign multinationals are not pulling out of China , much to the dismay of India, then they will want to have a slice of the online market that is worth billions of dollars. In China, Alibaba , JD.com , Tencent are the dominant players in the online space. Lesser known are company like Baozun who help foreign companies like Nike, Godiva , etc to set up...

dchua1969 Updated 

See chart for analysis. Logic is quite simple - to reignite the economies worldwide, governments would have to spend a lot on infrastructure projects to create jobs. Copper, as one of the key commodities in many infrastructure projects would be in high demand. And this chart is showing the price action being depressed for quite a while. It has now broken out of...

dchua1969 Updated 

and that means, silver has to play catch up. Both gold and silver have nicely broken out of the wedge/triangle pattern and are slated to go higher. You can see from Chart that Gold has gone up way ahead of Silver , leaving a wide margin for Silver to play catch up. At current price, I think it is still cheap and it has a good long term bullish chance to rise higher.

dchua1969 Updated 

As you can see from chart, it is soon retesting the resistance level at 327.79 soon. I expect a pull back of some sort as a healthy correction before it goes up higher. So, shortist can get ready your ammunition. Buyers, I think it is already too high to come in to buy now unless you want a quick trade.

dchua1969 Updated 

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dchua1969 Updated 

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dchua1969 Updated 

Can two person who both buy and sell at same time be right about the market ? The answer is a resounding yes ! Why, you may asked? That is because the one who sells is doing it for short term correction while the one who is buying is doing so for long term investing. Therefore, the 3-5% correction will not affect the buyers as his view is long term. In fact,...

dchua1969 Updated 

Unless the black bullish trend line is taken out, we should expect the price action to hit around the 1.12 area, plus minus. In the short term, we might see some volatility, so be prepared for the rough ride ahead.

dchua1969 Updated 

A great buying opportunity! From 2800 , it has fallen to 1800 before moving to current price of 1914.

dchua1969 Updated 

Last night was fantastic for the indices with SPX500 up 3.15%, slaughtering the bears without batting an eyelid once more. And now , here we are, retesting the 2nd resistance level at 2960. I am of the opinion this time, it will break out and continue to charge higher. Positive reasons for going long : 1. Vaccines development in progress 2. Feds - additional 3...

dchua1969 Updated 

Due to the strong firepower in the equities market last night, the safe haven, Gold came tumbled down, more than 2%. Now, we need to assess the price level at 1734. If it breaks out and sustained above it with bullish confirmation, then I will add more longs. Alternatively, it can retreat to the 1720 level.

dchua1969 Updated 

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