dchua1969

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.

dchua1969 Updated 

Another day of celebration for the bulls last nite with DJIA going up by more than 200 points. You can see as it approaches the bend, the candles get shorter, as if it is exhausted from the steep climb. Still the usual, no vaccines developed, cases still increasing worldwide, some countries re-open with much anticipation, airline and tourism sectors and retail...

dchua1969 Updated 

This is where we are now with SPX500. Will it breaks out the 2nd attempt and charge higher OR breakdown from this important support turn resistance level ? Apparently, NFP data, jobless claims, rising Coronavirus cases, etc could not stop the bull from slowing down. Is it possible the "Sell in May" notion is nothing but a myth to be talk about during coffee...

dchua1969 Updated 

Always ? Yes! Read 2 Corinthians 9.8 , James 1.17 and John 10.10 in the Bible. The ones who spend time to plough the field and sow the seeds early get to take advantage of the 1st selling opportunity. Next comes the 2nd , so on and so forth. So it is fair that the trader who got in at the 4th selling opportunity and get stopped out cannot blame the...

dchua1969 Updated 

see chart

dchua1969

2002 to 2007 - approx 124% returns 2008 to Feb 2020 - approx 437% returns Mar 2020 to current - approx 36% returns and counting.... Whenever such data are provided, there will always be a group of traders who come out and argue that they can make much more profits than that. But when pressed to show results, they start to give excuses. Yes, making incredible...

dchua1969 Updated 

You say you wanted to change at the beginning of the year ! That was your new year resolutions for 2020. It is May 2020 now , almost half time. How's your results thus far ? If you are ahead of your goals, congratulations and keep on moving to the next one. But if you are a little behind, you have to take a step back and identify what are the challenges you...

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

A follower asked if he can buy this company,KRM. Here's the chart analysis.

dchua1969 Updated 

It is hard to argue that this could be a V-shape recovery ! After all, it has been up from the bottom , almost 35% now. Thus far, all bad news seems to be well received by the Market as if he is invincible like the Superheroes. Tonight, we have the NFP data coming up in another 3 hours or so. Would this be the catalyst for the market to swing higher or lower...

dchua1969 Updated 

VIX on the 4H chart is registering a descending wedge pattern and in due time, it will reverse and goes up in a ballistic manner. Likewise, the SPX500 is in an ascending wedge pattern, which is bearish. The challenge about these wedges pattern is it is hard to tell when will the price action begins to reverse. Sometimes, it reach to the end of the wedge before...

dchua1969 Updated 

Read article here As soon as the operation is back to its pre-Covid 19 days, we can predict the air conditioners demand will increase due to the summer days. The shares buyback program is also a good sign that management is bullish on the company's future. Let's wait for the price to fall a bit more before considering to buy

dchua1969 Updated 

I agree with this quote 1000%. If you examine your own life, you would know that this is true. Habits is so ingrained in all of us, regardless of race, religion, nationality, age, gender, etc. We simply have to do what we repeatedly do. For example, my usual wake up time is between 7 to 730am without the alarm clock. Yes, even on weekends. If I do wake up...

dchua1969 Updated 

On a typical weekend, many would flock to the shopping malls after working hard for the last 5 days. They will have meals at restaurants , check out the latest movies, go shopping, relax and catch up with friends at Starbucks, etc. Of course, all these activities were what many did pre Covid 19 days. But, with China now recovering and the city reopening, are we...

dchua1969 Updated 

Read this article here Just because we have to stay at home due to the lockdown, it does not mean we do not need to take care of our body and mind. In fact, as a trader (be it part time or full time), we spend a lot of time on the computer (sitting down mostly). Emotions are high as you toggle between different news, charts, forum, etc. Your heart is beating...

dchua1969 Updated 

Read latest news here May 11 2020 - the day when Disney Shanghai will reopen. This will drive the pent up demand that the chinese people have been cooped up at home for months in China. I believe many will come to Disney Shanghai and give it a good boost to its revenue. On the chart, we can see there are 2 support level. One at 98.73 and the other at 92.31....