dchua1969

dchua1969 Updated 

The bearish candle on 8 Jan shows how strong the sellers are pushing down the price and it is highly likely to see more selldown this week or so till it finds support at the 2nd level , i.e. 99.81 or at the 3rd level of support at 95.17. I believe years ago, this was one of the biggest holding of Berkshire Hathaway (Warren Buffet) but he has since been...

dchua1969 Updated 

Strong rejection at 108 level , 3 times price failed to break above. support at 106.66 was broken once and rebound. if it breaks down tonight or this week, we can expect a short term sell towards 104.50 For those who are already long in this, you can consider taking partial profits adjust your SL and capital management. Reinvest part of your profits (make it a...

dchua1969 Updated 

Imagine you had held onto this metal since Nov 2008 till now, you would have made 1200% return on your capital. Go take a look at the weekly chart and you can see its parabolic move, hardly much correction along the way. Again, this is a counter-trend strategy, a short term trading set up at best since nobody can tell you where is the top of Palladium. For...

dchua1969

Pretty obvious from the chart. breakout of bearish trend line. Target 1 :1.115 Target 2 : 1.118 I take this opportunity to share something close to my heart as well. Why you should be involved in trading/investing ? 1. If you had done any brick and mortar business before like setting up a retail shop or run a service business, then you know how much time,...

dchua1969 Updated 

If you look at this chart, it is not difficult to spot 2 distinct patterns. First, in Dec 2018, the price went from 4.57 to 15.89 in Aug 2019, almost 250% returns in profits. All this in less than a year. The S&P 500 last year did 28.9% return. So this is more than a 10 fold returns. WOW!!!! But, more importantly is the 2nd pattern. If one gets complacent and...

dchua1969 Updated 

A good friend who has been trading for a while asked me this question recently : WHY is it that we have access to so many free indicators, strategies, books, videos, etc and people are still not making money from the stock market ? (include forex, commodities, futures, cryptocurrency,etc) I thought for a while and reflected on my own experiences and came out...

dchua1969 Updated 

You can see from the 4H chart that it has very strong support at 1.26769 and sellers are unable to push the price down. I expect the price to break out of the rectangle and continue to go up higher

dchua1969 Updated 

The support at 6879 was strong and the price action after some consolidation decides to charge ahead and has now broken the 8000 price level. Now, I expect some minor correction before it breaks out of the bearish trend line and continue to charge higher. Alternatively, it can retest one more time with a pullback at the diagonal trend line , heads south towards...

dchua1969 Updated 

Since it tested the peak at 0.70 on the last day of 2019, it then plunged down about 2.57% to 0.685 level. Now we are facing an important level, the 0.69103 level. This resistance must be broken out for it to continue its bullish move. It is possible for it first goes up to 0.69393 to form the right shoulder , a possible retreat (where buyers can buy cheaper)...

dchua1969 Updated 

Looking at the chart, you would notice that the price has gone up the roof over the last 6 weeks without taking a breather. That is not healthy as it does not offer a break, correction of some sort before going further. So for those who must buy TSLA, then wait for the pullback and goto Day or 4H chart to see the price action before buying.

dchua1969 Updated 

If it is, then we can expect the price action to charge higher towards 2.278 then 2.359 and then 2.498. Of course, there will be pull backs along the way. Another way to look at it could be the price may retreat one more time towards the support at 2.065 to 2.099, making this breakout a false one. Yes, it is very possible but you can see that if it does, the...

dchua1969

It is not uncommon for us to spend so much time analysing a chart, drawing lines, studying the price actions, reading up news, checking forums and analysts' comments, etc but when come to pulling the trigger, we sometimes become frozen. Here, I have indicated the profit target and tomorrow morning, I will be hitting the buy button. Will you join me and ride the...

dchua1969 Updated 

We are now back to the 1st Quarter of 2019 where USD is at the level of SGD 1.345 to USD 1. That to us, is a plus especially for those who purchase things from Amazon, paying for services bill in USD or even saving for the US university fees for children. The lower the price falls, the cheaper to us, Singaporeans or those who stay in SG for that matters get to...

dchua1969 Updated 

Plenty of rooms to move upstairs once the 2 levels of resistance at 12.34 and 14.29 are cleared. Wait for 9.03 to be cleared first before initiating a buy.

dchua1969 Updated 

The market has slipped nearly 13% from its peak in Aug 19. Chart shows several times that the price action has displayed fake breakouts.Now, we see a pin bar outside the bearish trend line. It is likely to fall back into the bearish trend line next week and may even goes further south to the direction indicated. Alternatively, it could gain some support at 79.15...

dchua1969 Updated 

A little tricky here, it could falls back to the bullish diagonal trend line then rebound OR do a gap up or followed by a bullish green candle pushed by the buyers next week or so. Because the course of action by the geopolitics issue happening between Iran and US is not resolved, the price action might range for a while, i.e. hovering at the 24.76 level.

dchua1969 Updated 

I read somewhere there is a co-relation between high oil prices and the ruble currency. But rather than heading into that area, let us focus on the charts instead. The recent Iran matter that drives the oil prices up will further deteriorate the USDRUB. But please note that there is strong support at price level from 60.80 to 61.58. So, if it plays out as...

dchua1969 Updated 

Sawadee Khrup! Looking at the chart, we can see a fake breakout with the price returning back inside the bearish trend line. Barring any surprises, it should heads further south towards 84.65 or worse, 80.99. I am more keen to buy this ETF than short it and at current price level, the risk reward does not seems justifiable to short it. But for those intraday...