dchua1969

dchua1969 Updated 

When the China stock market reopens, this will be one stock that I expect to either gap up or moves strongly. It has recently breaks out from the bearish trend line. Read more about the Company here .

dchua1969 Updated 

It is now facing some resistance at 18.04 level, this level needs to break out before it can resume higher price. Trade safely, always use a SL and employ appropriate risk and capital management

dchua1969 Updated 

From hindsight, we know now that 0.18 is the bottom and many traders would love the thrill of being able to catch at this level than anything else. It's a winning psychology of sort that if you are able to do it, you somehow feel superior. Maybe...... From trend line analysis, we want a margin of safety and that is why we wait for the price action to break out of...

dchua1969 Updated 

www.autoblog.com www.latimes.com If 3.92 support level holds, then we can expect to see the price breaking out from the bearish trend line. This would be a long term buy if price does break out.

dchua1969 Updated 

VNM is the closest ETF that one can get to its stock markets. About 50% of its components lies in real estate and financial institutions. Like all emerging markets, these are the sectors that drives the economy. Banks liberalised, lend more money out, developers borrowed cheaply, build projects to attract investors, bringing local economy up. From lowering of its...

dchua1969 Updated 

I believe so as I had in my experience been using trend line for a while now. While I can't say it is 100% accurate but the probabilities of winning is higher than my loss. So when I read this news , I can 100% relate to how he felt. At 23, I too was dabbling in the penny stock markets, going in and out based on rumours, coffeeshop tips , media hype, etc. Some...

dchua1969 Updated 

It is possible that Oil has find a support at 51.79 level and is rebounding. So there are 2 scenarios 1. It could breakout from the bearish trend line and continue to go higher OR 2. It retest the support level at 51.79 again and then rebound. For those who had shorted from the peak at 65-66 level, it is ripe to take profits and get ready to turn long. Let's...

dchua1969 Updated 

With the latest news from WHO declaring the coronavirus as a global health emergency, the world is watching China, especially the city Wuhan. To all the Chinese out there who are fighting this virus, I want to say - keep the spirit high. Protect yourself and your family. I am confident this too will pass and a better tomorrow awaits for all. To those who are...

dchua1969 Updated 

Is China index oversold? I do not think so from both short term fundamental reason as well as trend analysis. I expect the price to fall through the inner bullish trend line (dotted) and heads much further south. To help support my chart, I use Relative Strength Indicator (RSI) to determine if it is oversold. You can see that it still has some room to move...

dchua1969 Updated 

Among the 3 major China indices, HSI, SHCOMP and CN50, it is the latter that dropped the most from its peak. It has fallen more than 10% from 14695 in mid Jan this year. With the coronavirus that caused much uncertainty in the market, all indices globally, oil, stocks , etc have been impacted as well. If you know how to short-sell , then you probably have...

dchua1969 Updated 

How bad did Dow perform yesterday ? Read here I also mentioned here that I had shorted Dow , HSI as a way to hedge my position. For a 10% drop, we are a long way from the 600 points drop yesterday! That means, if you plan to short, you still have a good risk reward ratio next week. Sars 2003 took a quarter before it recovers strongly. If that is a...

dchua1969 Updated 

What happen when the world's most expensive property start to get cheaper ? (cheaper is relative since a 10% fall is still out of reach for many people) Is housing affordability one of the main catalysts that causes the unending chaos and protests in Hong Kong? Let the debate between the fundamentalists and value investors continue.... Let's focus on one of...

dchua1969 Updated 

Platinum has reached a critical resistance area at 1028.925. Feb 17, Sept 17, Jan 18, 3 times it tried to break up but failed. Will this 4th attempt be successful ? Well, it is still riding nicely on the bullish trend line and charging up. It could break up the 1028 level and continue its bullish move OR have a minor correction to around 1000 price level before...

dchua1969 Updated 

No traders in the right frame of mind enjoy a round of losses. The monetary loss is one thing but the fact that they are proven wrong can be a fatal mistake. That is when emotions run over the head work and attempt to take revenge on the market. Yes, it is painful to take a loss and move on and yet it is even more painful if your losses is exacerbated with...

dchua1969 Updated 

I will be spending some time to do research on this pot business in US vs California and update soonest possible. I like what I see from the chart here. 3 years of bearish trend being broken out and the breakout is slow and steady, no violent upsurge type. At 0.5205, it is so much cheaper compared to those in California and the potential upside is also...

dchua1969 Updated 

Read this article here ! Living in Singapore , I can fully relate why we nee to get out of our apartments and go visit the malls. One, the weather here for the most part of the year is HOT , HOT and HOTTER. So, to cool down, people like to "escape" during the weekend to the malls, especially if they have kids. There, they can visit the bookstores, have their...

dchua1969

It has fallen 8% from its peak at 1041 on 16 Jan 20. Two possibilities present to us now : 1. It rebound from this inner bullish trend line 2. It continues to fall further to a support zone between 933 to 953 area before we see a rebound. Most traders are fleeing to gold as safe haven asset but not platinum so the latter might just follow the "coronavirus...

dchua1969 Updated 

From a running point of view, it makes sense that running uphill is slower and harder compared to running downhill, once the momentum is set, it gets faster and faster. Now , if the WHO declares that China is in a state of global public health emergency as evidenced in this article , then the selldown will be hard and furious. Not only that, other regional...