dchua1969

dchua1969 Updated 

Please forgive me if the above caption is misleading. It is a fact that if you short at 1600 hours and hold till now, you made an immediate 2% profit. The challenge is the mind begins to play a trick on you. You start to imagine if within such a short time, I can make this profit , what if I double or triple it ? Wow, you started imagining what you can do with...

dchua1969 Updated 

Read this article to the end. No, I did not make a mistake. This is about the HK government tendering for PR firms to clean up HK image. But as I read on, I start to see a pattern. The PR firms are no different from salesman. Their job is to sell Hong Kong to the world, to get more business come to HK, improve trades and services, etc. Having been in sales...

dchua1969

see chart

dchua1969

Volatility wise, you can see STI is more volatile with sharp spikes (orange) compared to SPX500. And then the green zone where both are moving in a bullish channel. SPX500 has a much smoother ride. This is important as traders might get stopped out due to tight SL. More importantly, when all indices have risen lately due to the Fed's generous money printing,...

dchua1969

Many analysts talk about 1929, 1987 and 2001 bear market crashes. But upon closer examination, there is a small bear market in 1990. It fulfils a bear market with a 20.11% drop. That is not the point. What is interesting is it took only 3 months to recover. Going to the latest price action, if this is not a bear market rally but a V shape recovery as some had...

dchua1969 Updated 

Raise your hands if you think so, just for fun. Jeff Gundlach says to short Last night, the market defy the negative news of the contracting GDP figures, one of the worst in history and continue its bull run. Many of the tech companies have a great run like FB, Amazon, Alphabet, Apple,etc. If the resistance at 2978 is broken out, then we can expect it to go...

dchua1969 Updated 

Qualcomm is well positioned to benefit from the 5G technology. It has good partnership with Apple to launch 5G phone sets. Once the 5G phone launch by Apple in its usual September product launch is announced, we can expect this stock together with Apple will soar higher. I will be nibbling some to ride on the trend as it has good prospects in the future.

dchua1969 Updated 

Assuming you were texting a friend on the mobile phone and she did not reply you within the next half an hour. What thoughts came to your mind ? If you have a low self esteem, then you probably conclude that she does not like you. You begin to build a mental picture in your mind. Later that week, you bumped into her across the street but she was with a group of...

dchua1969 Updated 

What goes up must come down.

dchua1969 Updated 

In a risk no environment, it make sense to dump the safe haven asset like Yen. So, in this case, I will be longing GBP and selling JPY. Currently, 133.50 is the resistance as you can see from chart. It has been resisted for 3 times already. Will it breakout this time round ?

dchua1969

Fundamental reasons for not going Long : 1. Saudia Arabia is flooding the market with Oil - excess supply 2 Travel, tourism business actual damage still unknown - many airlines have retrenched staff 3. Is work from home going to be the new norm ? 4. Storage space insufficient 5. No strong economic catalyst to cause a rebound From the chart, you can see it is...

dchua1969

Read this article Will this company be joining the fate of Luckin Coffee soon ?

dchua1969 Updated 

This is the world no. 1 Global Major Appliances for 4 consecutive years. Summer is coming soon in 2 months time and the purchase of air conditioners will be on the rise again along with humidifiers, portable air conditioners, etc. Study this company in greater details and you will be shocked to know how BIG they really are and powerful in China and beyond....

dchua1969 Updated 

A good and inexpensive way to gain exposure to an industry sector is to buy an ETF instead of the individual companies. For example, I have missed buying Microsoft, Visa, etc so I can buy XLK ETF which gives me access to other companies as well. See here for the full list. We can see from the Day chart that there are gaps on the upside and the downside...

dchua1969

Apparently, based on the daily chart, this bank has fooled traders a total of 6 times to long the stock. But if you calculate the value of the share price, ie. bought at 5.59 on 31 Oct 19 and you hold till now, your paper loss is (5.59 - 5.23) = 0.36 which is very insignificant. With China now re-opening its economy, banks will be busier than before. After all,...

dchua1969 Updated 

Read this articles here , here and here You see, habits once formed is hard to break. There were write up that says the consumer buying behaviour will not be the same post Covid-19. I tend to digress from personal experience and observation. When I was working in China a decade ago, I had to give up the Singapore flavour coffee as there were none there....

dchua1969 Updated 

Read latest news here Chart wise, it is fast approaching the edge of the wedge and it can either rebound from the lower channel or breaks down and heads further south. I think a stronger pull back is necessary for now.

dchua1969 Updated 

This view may be oversimplify but I think the week of 27 April warrants some attention. This is the quarterly results for : M - Microsoft on 290420 A - Apple on on 300420 A- Amazon on 300420 These 3 stocks by far constitutes the highest weightage in SPX500 index. Should any of them reports less than desirable revenue , I think the implication of SPX500 to be...