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............
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...
Fresh from the oven news ! www.scmp.com Please note that this bill will takes time to get approved and funds to trickled down to the respective sectors and individuals. Thus, there lie a possibility of HSI still continuing its fall till a rebound takes place. if 26174 support level is breached, then we can see HSI heading to the next level at 25495. Watching...
This is a 2H chart to show how each fall of the DJI on different dates and how long it took to recover. You can also do it for weekly or day chart as well. And the past drop in price is between 4 to 6%. The current one is about 8% , slightly more severe. So, yes, the good news is it will recover given time. The few things you can do : 1. Do nothing - you are a...
Hi guys Just because there is a gap down,it does not mean it will be filled up immediately. Don't make the mistakes i made in the past thinking it will be filled up and rushed to long , only to suffer later monetarily. 1000 points down yesterday could have burnt some traders' portfolio with tight SL or caught buying at the high price. That is part and parcel of...
Read all about this company here If you have shorted this stock, congrats. Looks like it still has some more room to move south. Those who want to short, please go to smaller time frame and await the right price action, probably another 40 + dollars more to go before a possible rebound. If the cinema tickets here in SG can be cheaper, I would prefer going...
i have always like healthcare business for simple reasons, everyone needs it at one point or the other in their lives. The blessed one enter twice - birth and the last day , others much more depending on their conditions. And with advanced healthcare and better income, people now can enjoy better food quality and their longevity is also increased as well, creating...
It is high time that this sleepy giant wakes up and rise to its occasion. We are now in a symmetrical wedge but bullish trend as well. You can wait for the breakout of the bearish trend and buy on pullback with profit target aiming at 20.00. Once this hurdle is crossed, we can then look at 22 and more.
Honestly, I don't know, haha On the 1H chart, it has broken out after a nice round bottom support around 0.65875. We are long now
After a while, you see the same pattern emerging again and again. This time, SHCOMP is facing a resistance once more like it had on Jul 19, Sept 19, Dec 19 and now. Dec 19 it did break out but not for long, only to come tumbling down on Jan 20. I think it may retrace to 2980 which will be a better price to enter. Still, the virus saga is causing the world stock...
How many can wait for a golden opportunity for a solid 30 years ? We are talking about Mastercard who has finally gained approval for a joint venture in clearing business with China's central bank. Read here . While this is a B2B business tie-up, I believe Mastercard once gained entry to the China market would then be tapping the retail market. Perhaps, not its...
When will the music stop ? Will the music stop? Answer : I don't know else I will be talent hunt by the investment banks and earning 6 figures income and driving that flashy car down the road, haha. Trillions of dollars have been pumped to prop up the stock market and those who are rich , ultra rich type can borrow money , lots of money cheaply a decade ago and...
Remember the days when Blackberry was the in-thing amongst the executives in the meeting room? Gone are the days I see anyone in the subway or shopping mall carrying one. I believe they have somehow faded out of the smart phone industry. I read somewhere they have stopped this business since 2016 and have paid their attention on security, software and the like....
IF A is famous and well known in the financial industry, they must know more than me. So following them is safe. Could this sentence above be true ? YES AND NO. A good example would be Jim Rogers has been asking or rather influencing people to buy sugar (he likes to carry sugar ratchets in his pocket during interviews) and say how bad agriculture market is ,...
I recently watched a video on that more and more people are ditching their cars and switching to cycling to work and for weekend rides. Mind you, these are not your usual road bikes but premium ones that costs 5 figures and many are customised to fit to the owners! It is also popular in India and I think the trend will gets stronger over time! From the chart...
Riding on the healthcare trend now due to coronavirus.
yes, many commodities were not spared during the recent virus attack but this wheat has been climbing up nicely along the bullish trend line. There is more room up there once it breaks the resistance at 5932.
Barely a week ago, when I read that people in HK are rushing to snap up the supplies like instant noodles and toilet papers in the supermarket, I really could not understand why. Never do I thought it would also happen to Singapore. Read here The STI after reaching a high of 3286 plunged down to 3112.56 in less than 10 days. That was pretty much in line with...