dchua1969

dchua1969 Updated 

Congrats to those who bought GBPUSD at the triple support level at 1.144. Now, it is facing some resistance at 1.191. It may pull back a little before heading higher or revisit the 1.144 support level again and then rebound. Those who are in profits can take partial and adjust your SL and let the remaining positions run its course. Those who wish to long, wait...

dchua1969 Updated 

The more than 20% jump from the low has many retail traders jumping for joy. That is excellent and I hope some had made good profits here ! However, I think the party is over. In 1H chart, we can see the bullish trend is broken down plus there is a gap from 18803 to 19645 awaiting to be closed. The probability is high. Fundamentally, the US economy has not...

dchua1969 Updated 

STI enjoyed a 7% run up from the bottom to the current price , thanks to US ferocious jump last night. But are we being too optimistic and too early to pop our champagne ? Let's clear one hurdle at a time. If price can continue to go up to 2433 level and close above it today, then we have a good chance of seeing it moving higher. Remember, we have seen many...

dchua1969 Updated 

Entry : Now SL : 111.44

dchua1969 Updated 

So, SPX500 along with global indices are heading down. In fact, at time of writing, all indices are down 5-9% . OUCH !!!! It's a gap down, so if you missed it like I do (had to take care of the kids, back to school after a week long holiday), then watch the chart first! Sadly, despite so much has been done to prop up the economy, it seems to go the opposite way.

dchua1969 Updated 

Some budget hotels like in SG are actually enjoying good business now despite the Covid-19. Why? Read here You can see due to Covid-19 (again and again), what one country's action can have a drastic action on another country. Travel ban are now common practice amongst many countries as they scrambled with great anxiety to contain the virus within. As number...

dchua1969 Updated 

For those educators who have to upload their videos to their students so that they can catch up with the syllabus at home are likely to be using Zoom software. Thus, this stock has become the darling of the Covid-19 thus far, registering a return of 135% from the 1st buying zone. You can see from chart that there are basically 3 available buy zones which...

dchua1969 Updated 

If this level is cleared, then we have a higher chance of seeing it closing the gap (see triangle) which has yet to be filled up. Think about it , China in a way has to thank Covid-19 as after it has manage to contain the virus issue, it is now becoming the go to expert in terms of medical supplies. That brings jobs and opportunities to the people of China who...

dchua1969

What are the drills of using trend lines ? Buy or sell when trend line is broken up or down. Wait for pullback for confirmation. Use Support and resistance lines as guide for targets. A few simple rules but it needs to be drill again and again and again ....... Before you want to "divorce" from using trend lines, the least you could do is to give it a good 6...

dchua1969 Updated 

SL - 0.571 Profit target - either you follow the trend line or as you are comfortable with

dchua1969 Updated 

3 options for you : 1. It found support at 1453 and starts to rebound - buyers happy 2. It continues to head south a bit more but hit the main trend line and rebound - late buyers happy, buying at cheaper price. short term sellers happy 3. Oh no, people are still frantic and scrambling to sell their assets to raise cash and/or meet margin calls. Sellers happy,...

dchua1969 Updated 

Where you place your SL would depends on your buy entry - example are you in Round 1 or Round 2 buyers ? If you are in Round 1 buyers, likely your SL would be at 4400 level or slightly below. At current price, you can take partial profits as you have achieved 1:1 risk/reward ratio. You could also adjust your SL to the breakeven point so in the event if price...

dchua1969 Updated 

Read this article here In a way, I can say this Covid-19 has brought forward many underlying issues that many people faced in today's competitive society. The issue of "LACK OF" Lack of money Lack of love Lack of resources Lack of relationships Lack of connections Etc There is a saying that goes something like this - when we point one finger one, 3 fingers...

dchua1969 Updated 

Goto the weekly chart and you will see that it has surpassed one peak after another. And it has an interesting pattern too... it moves up.....goes sideways then breakout .......goes sideway........

dchua1969 Updated 

See chart

dchua1969 Updated 

First thing first, you need to know the fundamentals of the company well, studying into its financials and from there, calculating the intrinsic value of the company and believing the fall in price is temporary. So, you take advantage by averaging down in batches as price falls since you do not know when it will bottom and reverse. My take is this is a rare...

dchua1969 Updated 

On the 1H chart here, it is clearly stated that since price action has not break out of the bearish trend line, there is nothing to do. WHY ? Because if you think you can pre-empt the market moves, sometimes Mr Market may disappoint you and reverse the move. Of course, you may get lucky from time to time but that is risky ! Sell ? Maybe, but also not yet. WHY...

dchua1969 Updated 

Last Friday, Oil has a fantastic run up of over 20% up move, thus causing the USDCAD pair to tumble down after it hit a near high of 1.47. But , Congress has yet to settle the much talk about 1 over trillion stimulus package and many Americans are still hanging out despite the warning about the risk of Covid-19. Thus, I am not sure if this drop in USDCAD is...