dchua1969

dchua1969 Updated 

Just because it has landed on the support line or resistance level does not mean it must rebound or heads south. As investors, we must know that these are based on historical patterns and past history is not a representation of the current market conditions. Thus, it is wise to take a small nibble , say 10% of your capital if you had done your homework on this...

dchua1969 Updated 

based on weekly chart, we see a clear cup and handle pattern play out in this IHAK ETF. If you are getting hyped up to go LONG , be patient and not get on the high price train. Wait around for the price to retrace to around 44 price level first or possibly it might drop even lower considering the bullish trend for AI, Tech stocks has been rallying for quite a...

dchua1969 Updated 

Awaiting for breakout of bearish trend first. be patient

dchua1969 Updated 

Read this IPO news here This article here is nothing new as we are witnessing a change of the job market landscape exacerbated or accelerated by the Covid-19 pandemic. See article here How big is the food delivery market globally? See here In Singapore recently, someone claimed they could make almost S$9000 a month from this food delivery business....

dchua1969 Updated 

Why not have both ? Eat the chocolate and make the profits , haha? Wait for it or nibble some when it breaches the resistance at 193.53 or wait for it to fall further to the support level at 174.58..... Christmas is coming ......what other better gifts than chocolate, the old tradition?

dchua1969

Several followers asked me this question and I am as clueless as they are. What is on the sleeves of BOJ ? Will they intervene like before ? For one , I wont be shorting this pair for the simple fact that it is in a bullish trend (going against it is unwise as I have been educated from the market umpteen times). As I am currently not vested in this pair, I will...

dchua1969

From China "uninvestable" to social media influencers calling bulls in the HK/China market and there are some followers getting edgy what they should do. I know what I will do since I am clear with my objectives , time horizon, risk tolerance, capital management, etc. For my existing holdings, I am selectively averaging down on some of these companies -...

dchua1969 Updated 

it has dropped about 17% from its peak and currently there are 2 support level to watch. It could rebound from here so I like to buy some shares but if it falls further to the 2nd level, then I will add some more. The important thing is it must stay above the bullish trend line.

dchua1969 Updated 

Follow what Warren Buffett has been saying for years. It works. Read article here Now that the price action has break up of the resistance , I expect the rally to continue provided the FED gives no more surprises along the way.

dchua1969 Updated 

If the price comes back to 107 price level support and has bullish signs, I might want to add a bit more into this company.

dchua1969 Updated 

Chill, guys ,there is no need to get into FOMO just because there are plenty of conversations going on about buying Alibaba shares. Just look at the chart carefully, it has been in this consolidation stage since Oct 2023. Let the price breaks about 77 level and convincingly with a bullish signal , you can still go LONG . There is no guarantee that those who got...

dchua1969 Updated 

Time and again the market has a way to play out the traders, they knew how you draw your charts and thus the manipulators or smart money will often went below the stop loss level to take you out and days or weeks later, push the price up again. Let's see how it goes in a week or two time.

dchua1969 Updated 

EL has fallen more than 60% from its peak in Dec 2021. It's latest financial figures reveal a reduction in revenue and profitability. As a market leader in the personal care industry, it is also facing more and more small independent brands that continue to erode its market shares. The chart shows it has reached a critical support level at 153.20 but I think it...

dchua1969 Updated 

Check out this article here This stock should benefit and can be expected to rally towards 17-18 dollars Please DYODD

dchua1969 Updated 

Based on the above daily chart, I am making a bold prediction that the HSI has bottomed in Jan 2024. We can see clearly the breakout from the daily chart. What's important is the support level at 16,194, a critical support level that must be maintained ! I will be slowly accumulating this index . Also, watching banks stocks and some tech stocks as well. Please DYODD.

dchua1969 Updated 

First thing first, I am not buying , yet. I will watch it over the next few weeks to see if the price rebounds strongly from the support at 344 -350 level. There is a possibility that it may continue to head south to revisit the next support at 289.80. Remember the F&B business in China faces a lot of competition with new restaurants and menu being served up or...

dchua1969 Updated 

It has just reached its 52 week low at 30.70. I believe with the current interest rates environment (deferred cutting of interest rates) , in the short term, I expect more volatility and the price might falls below 30. While it is positive news that WHEN interest rates begin to fall (everyone was expecting in June this year but now seems Feds is kicking the can...

dchua1969 Updated 

I am not so concerned about its property exposure since all big local banks in China have loans with the property developers. It is negligible at 1 over % compared to its insurance, tech, etc businesses. As a corporate, while its dividend of 8.8% may seems attractive, there will be a capital withholding tax of 17% compared to 8% net from LINK REITS. Of course...