dchua1969

dchua1969 Updated 

It is often said that devils is in the details, to a certain extent I agree. When I first encountered using trend line, I would like to compress my chart and attempt to draw the trend line touching the highest point to the lowest point as possible. Nothing wrong with that , I thought. But in between the current price to touching that bearish/bullish trend line...

dchua1969 Updated 

Which will you choose ? Going to the casino or heading to the pharmacy or supermarket? Casino is at best a leisure activity where people go to have fun, make or lose money in the casino ,etc. But when the situation is like now - chaos and uncertainty over the coronavirus, the casino is likely to see lesser and lesser visitors. Where is the fun in gambling or at...

dchua1969 Updated 

Cruise operators like NCLH are so badly hit that there seems to be no light at the end of the tunnel. Looking closely at the chart, one can see that the price is falling 90 degree plunge straight down especially the last 3 days, without a pullback. Now, it is near the weekly bullish trend line, if it breaks down, then we can see a much lower price from 34.23 to...

dchua1969 Updated 

Since the peak almost 3 years back, the price of AAL has been nothing but down ,down , down. So, if you have the patience to hold for years, you can make such good returns shorting as well. Now, are we going to witness a breakout soon or will it heads lower ? It is safe to err on the side of caution since the Covid-19 virus has not subside , in fact the flame...

dchua1969 Updated 

That is close to 180 pips if the gap is closed. Remember sell high buy low. So, we are selling high now and aiming to buy back later at a lower price, that is how to make a good profit. See you downstairs !

dchua1969 Updated 

That is how much one would have made during the recent selldown. 233.40% return in 1 week by longing the VIX index. That is like the returns of S&P 500 last year multiply by 10 fold. WOW! Due to its volatility , many retail traders shun trading this instrument and those who have a higher risk appetite would stand to gain if they longed it last week. As I have...

dchua1969 Updated 

I felt sorry for my friend who got burnt by the recent selldown as he received margin call from his broker. He was devastated and swear NEVER to get into the stock market again ! Such is the brutality and reality of the market. Each day, hundreds of thousands of people throng into this market, carrying a hope to take out some money at the end of the day. Some...

dchua1969 Updated 

www.wsj.com Brazil is deemed as one of the emerging country that is worth investing in the year 2020. Trade safely, always use a SL and manage your risk and capital accordingly. GBU

dchua1969 Updated 

So this article supported my hunch about MacDonald delivery business. If the coronavirus continues to invade more countries, what business would continue to thrive? MacDonald came to mind as it delivers a lot of burgers each day. And fries too. If you followed our call to buy this counter in November last year, you would have made nearly 10% profits on it....

dchua1969 Updated 

Pullback or correction are what some traders, ie. intraday traders make a living. They trade based on shorter time frames like hourly or even minutes. However, if you are a mid to long term trader/investor, then you would require more confirmation or evidence before taking the plunge to buy. In this case, Nifty 50 has pull back significantly from the support...

dchua1969 Updated 

There is a gap at 83.90 to 88.10 which might be closed before we see the breakout. It could also breakout from where it is now and trend sideway then move to close the gap later as well. I will wait a while more before taking any decision

dchua1969 Updated 

Take a look at this 3 line charts - SHCOMP, CN50 and HSI respectively. When 1.2 trillion yuan were injected into the markets, the 3 indices did a V shaped recovery almost instantly! Currently, SHCOMP is in the lead, followed closely by CN50 and HSI with a fairly strong pullback. The whole world is now watching how China central government will react on its...

dchua1969 Updated 

There are three opportunities in trading - uptrend, range (sideway) and downtrend. The most common method of making money is buying on the uptrend like most folks do when they bought into the S&P500 index - simply buy and hold. That is for long term. But as many bear camps are saying the recession is coming, the market is going to crash and the media...

dchua1969 Updated 

Read the whole excerpt here key points :Apple is Berkshire Hathaway’s third largest holding behind insurance and railroads, Buffett said. He called the company “ probably the best business I know in the world .” Berkshire owns roughly 5.5% of the business, he said. In other words, I am riding on the expertise of the world's best investor and finding...

dchua1969 Updated 

Yes, it can be frustrating to see your profits evaporated after it has broken out from the bearish trend line and then pull back to where it was at your entry price. That would be considered a break even trade since your SL is not triggered. It is back to its psychological support level at around 10.38 and this level is crucial as if it breaks down, we can see...

dchua1969 Updated 

CLX is now facing a triple top formation and it could heads south towards the support level at 144.90. Alternatively, there is still a possibility for it to fake a breakout before coming down. Those keen to short, please use the 4H or 1H time frame to check the price action and trends to determine a good entry point.

dchua1969 Updated 

It has broken down from the 4h bullish trend line and I am going to short it to the targets shown. Once it reaches there, I will be looking for buy opportunity. See you downstairs , yahoo............

dchua1969 Updated 

When one look at this 4H chart, it is inevitable to note that this fall is pretty bad as it continues to nosedive further. Even when it revisit the next level of support at 3018, we would be down from the peak at 11%. The SPX500 was up nearly 25% last year so this 11% drop is about 50% shaving off what you had gained thus far had you invested in it. What...