dchua1969

dchua1969 Updated 

The 1325.60 points or 5.48% plunge for HSI last Friday was devastating. Bulls are bleeding and Bears are laughing all the way to the bank.......... Next few weeks are going to be crucial and I think China has to "firewalk" carefully this time. With Covid1-19 , it is facing a lot of pressures from many countries wanting an independent survey to be conducted on...

dchua1969

See chart You can either sell when it breaks down from the diagonal bullish trend line or come back couple of days later to check the price when it hit the buy zone around 7761 to 8112 level. That would be my buy zone again.

dchua1969

If you follow my charts, you could see in the earlier years, I was hooked on using EMA as a way to guide my entry , understanding the bulls/bear trend,etc. Later, I discovered that it can be tricky when the price hoovers around the EMA and make it difficult to decide whether to long or to buy. There can be many false alarms, so you either get in too early to buy...

dchua1969

Read latest news here Where the government decides to spend its budget will in some way determine the prospects of that industry, in this case , it will benefit the defence industries. BOC Aviation is one of them , having reached its peak in Dec last year at 81 dollars. It is now forming a possible inverse cup and handle pattern OR continue to heads south to...

dchua1969 Updated 

If US indices falls further next week, the asian indices especially STI will follow.

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

see chart

dchua1969

see chart

dchua1969

see chart

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 

See chart

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 

see chart

dchua1969 Updated 

see chart

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,...