dchua1969

dchua1969

see chart

dchua1969 Updated 

Short position initiated.

dchua1969 Updated 

See chart

dchua1969 Updated 

SIA, world no. 2 Airline according to Skytrax in 2019 saw its share price comes tumbling hard day by day. Read the latest news here . Will the SINGAPORE Government consider a bailout like what the other airlines are asking from their own government as well ? I have said that this Covid-19 serves as a serious wake up call for all of us, individuals and...

dchua1969

By comparing SPX with VIX, we can draw the following conclusions : VIX It has broken out of the bearish wedge. However, the two recent bearish engulfing candles are not too encouraging. If 30.97 support can be sustained and the price rebound from here, then we can expect it to go up higher. SPX500 It has broken down from the bullish wedge and forms the...

dchua1969 Updated 

Yes, we still have room to go up...It is now sitting on a nice symmetrical wedge pattern and it is likely to break above and over time hit the target in the chart.

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

Of the 4 US major indices, which one is the weakest ? The Russell 2000 which comprises the small medium enterprises ,the traditional businesses. They are the ones that are fighting for survival, not the top guns like FB, Apple or Microsoft which have rich cash reserves to tide them over. See explanation in chart

dchua1969 Updated 

Copper as many already know is used as an indicator for the stock market, NOT the economy. Chart shows persistent buyers pushing up the price and eventually on 7th attempt, they succeeded. A good chance to accumulate or get in for those who have not is to wait for the pull back. Now, we won't know how far it is going to retrace but we indicated 3 areas as shown...

dchua1969 Updated 

There is a possibility that if you chase the price now, your fate might follow the pink arrow. I could be wrong and the price just keep on going up as well. Another safer way is to wait for the price to breakout of 0.285, sustain above it and go for a long . That would have a higher margin of safety and confirmation.

dchua1969 Updated 

Read latest news here The CEO, Julia Hartz said :It is a fundamental need for humans to gather, as we have been doing for thousands of years, and we will be there to power that connection.” She is right but the million dollar question on everyone's mind is WHEN will that be ? If post Covid-19 and people returning back to office still have to obey social...

dchua1969 Updated 

Nice triple top formation. inner bullish trend line broken down creating first selling opportunity main bullish trend line plunge down so fast, no retracement, hard to get in. found support at 2830 level. It may rebound or if support is weak, it will fall through. Now it seems the sentiment is circling around the states reopening and its repercussions. If it...

dchua1969 Updated 

Natural Gas has a nice rounded bottom support at 1.55 to 1.65 region. It ha recently broken out of the long time resistance at 1.994 albeit temporarily. If it retraced back to 1.85 level and can find good support, we are expecting it to retest the 1.994 level once more and if it breaks out, that would be a stronger confirmation for more upside.

dchua1969 Updated 

Read latest news here Sun Tzu Art of War : You can be sure of succeeding in your attacks if you only attack places which are undefended. # Typically, at least half of Australia's barely exports would be bound for China............ The tariffs, based on dumping and farm subsidy claims, would end Australia's $1.5 billion barley trade to China...... Barley is...

dchua1969 Updated 

I am constantly searching for inspirational videos, articles, books, anything that could help me stay in the game. So, I did a search on Youtube and found Robert Kiyosaki interview. Here's the essence : 1. Never says I can't afford it , I don't have money. NO MATTER what is your situation. It can be tough, really tough to put on a smile and knowing how much you...

dchua1969

As you can see from the day chart, by using the William%R indicators, it shows a few contradictory signals. The first one at 13 May 2019 does not cause too much damage as the fall was not that great. But look at the most recent one; 24 Feb to 16 Mar 20. If you had relied solely on this indicator and assume the market is ready to buy, you would have suffered a...

dchua1969 Updated 

It depends. I choose the beginning of this year, 2020 as an example to illustrate my point. If a millennial invest in Amazon stock from 02 Jan 2020 and hold till now (01 May 2020), he would have made roughly 32% profits. That is just over 5 months, impressive huh ? Consider when SPX500 yearly gain ekes a 8% return only. In the game of trading/investing, there...

dchua1969 Updated 

I believe post Covid-19, there will be more people, companies' employees, etc riding on the bandwagon of using virtual health care as compared to visiting a doctor face to face. This contactless service is the norm now and it will create a new wave thereafter.