dchua1969

dchua1969 Updated 

Apparently , a lot , man ! Read this article here If you have bought say, 1 lot of Moderna Inc at its IPO price at $22, you would have made Cost - 1000 x 22 = 22,000 Profits - 1000 x 50 (current share price) = 50,000 less Cost ; i.e. 22,000 = 28,000 With a bigger war chest, say you bought 10 lots = 10 x 28,000 = 280,000 100 lots = 100 x 28,000 =...

dchua1969 Updated 

Read latest article here Amazon may be well known and widely used in many parts of the world but not in China. I believe Alibaba investment into Cloud is to push Amazon out of the cloud market in China and also gives its next closest competitor, Tencent a run of their money. There are still ample room upstairs for those who want to long this counter.

dchua1969

I like to imagine the charts are like a jungle trail sometimes. And the more people are trading on it, the more trails and footprints are left behind for those trekking behind to follow. On this 1H chart, it shows nicely how after the long slide down, the price rebounded strongly. However, one common mistakes that many traders made (including myself) is not...

dchua1969 Updated 

One of the things I like to do when seeking out trading opportunities is to review historical charts. Guess what I found? THE EURCHF pair has been on a downtrend since 1994 at the peak of 1.80 till current price of 1.05.Now, it appears to have found some support at 1.05 level as you can see the price been hoovering at this range for nearly a month or so. If it...

dchua1969 Updated 

See chart

dchua1969 Updated 

Guys, for those who had not bought BTCUSD, please do not attempt to go in now. You are chasing the high price and the risk is too high for the reward gained. There is no guarantee that it will break up of 10,000 price level and continue to charge higher, much to the pleasure of the bulls. The bulls are tired and need a rest, so let it have a good rest before it...

dchua1969 Updated 

It is facing some resistance now at 31.27 level. Notice it has rebounded quite strongly after it hit a double bottom support at 16. This level , I believe not many retail traders would dare to go in with the exceptionally negative news circling in the media. Next buying opportunity happens at 20 when it breaks out from the bullish trend line (dotted line). It...

dchua1969 Updated 

Remember, this chart is based on probability. The price action can always break down the support line and heads lower. Thus, if you long now, you are taking a risk now. So, wait for it to revisit the support line before initiating your long position. After all, buying or selling takes less than 10 seconds to execute. Thereafter, you have to wait again. So, wait...

dchua1969 Updated 

176 is the support level and 216 is now the resistance level. And now we are at 198, in between which suggest not a good idea to long or short. Wait for the price to break above 216 or let it break above the triangle pattern (orange) first before going long.

dchua1969 Updated 

For now, it looks more likely to fall than rise.

dchua1969 Updated 

Sell

dchua1969 Updated 

I use the 1H chart to illustrate the benefits and drawbacks of buy & hold strategy versus short term trading on Silver. For Buy & Hold, you basically buy at 14.27 (approx) and if hold till current price, you would make a profit of close to 10% (9.8% to be exact ) You ignore the volatility in between. For short term trading, you leverage on both long and...

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.