dchua1969

dchua1969 Updated 

We did not expect the flush from AUDUSD will be so severe. Well, we are out for now. So, we did a quick scan and discover AUDJPY has just broken down from the bullish trend line. Once it pulls back (and not a fake breakdown), we will be shorting this pair to the desired profit targets.

dchua1969

As it is , Palladium has now cross over the 2000 (2095 at time of writing) level as many analysts have correctly predicted. Looking at the chart, this 2000 price level was also where Platinum reached its peak in Feb 2008 (some 12 years ago). Sadly, it has not recovered even half of the peak since that day. It has been a downtrend for the last decade or so. With...

dchua1969 Updated 

This is one sector that is pretty depressed since April 19 or even Oct 18 since it peak at 45 and have plunged to a low of 20 in early Dec this year. The multiple bottoms at 20.38 show evidence that it has reached its bottom and price is going to catch up to its glorious days like before. When? Your guess is as good as mine. (etfdb.com) Here, you can see the...

dchua1969 Updated 

More about Novocure From a healthcare perspective, I think this company has great potential. I hope the price can fall much more so I can buy at even lower price. So, let's be patient and wait for the price to come to us.

dchua1969 Updated 

I have asked myself more times than I can remember and have also been asked this question lately by some followers so I thought I pen my thoughts on it. For those who had shorted at 0.70 level to current price, congrats as you are in 60+ pips profits. This does not appeal to me , for now unlike the past where I think I could handle both sides of the candles - buy...

dchua1969 Updated 

I bought this stock from May to September, making profits along the way but adjusted trailing SL too tight and was taken out. Since then, I have not been able to participate on the rising uptrend. In retrospect, looking at the chart now, I see much clearer my mistakes for not getting in again as each pullback was an opportunity. Thus, opportunity costs is high...

dchua1969 Updated 

1. what you want to know more about Slack Though it is possible for it to retrace at the resistance level, I am of the view that the upside is more likely judging from the recent price action. Selling seems to be over and there is strong support at 20.10 as well. Wait for the price to breakout of 23.47 level, retrace and initiate a buy position.

dchua1969 Updated 

One of the main agricultural product that China will be ramping up to purchase from US is corn. The pent up demand will push up the prices higher.

dchua1969 Updated 

Praise Lord. How true that statement is and I hope it had brought some form of wealth to those who longed with us here . Now the Oil has broken out of the resistance at 61.85, we expect a pull back soon. Again, take your profits (you decide all or partial) , adjust SL and watch the price corrects before deciding the next buy plan. www.cnbc.com Before this news...

dchua1969

Strong support at 2.70 breakout of bearish trend line on 17 Dec 19 since 2007 (13 years of bearish trend) Belt Road Initiative benefits shipping industry

dchua1969 Updated 

The one country that many tourists love to visit is Thailand. It has great food, shopping and friendly locals. But since July 2018, the baht has appreciated so much against the USD (same for SGD) that things are getting more expensive now in Thailand. July 2018 - 1 USD = 34.656 THB Dec 2019 - 1 USD = 30.178 THB China tourists is probably the biggest outbound...

dchua1969 Updated 

If you take a look at the number of views on TV, you would notice that any charts on Cryptocurrency received the most views by far. Why ? I really don't know. What I had learnt after mistakes and mistakes and still making mistakes is to take into consideration the bigger time frame like day and weekly. With these two time frames, one can see with clarity where...

dchua1969 Updated 

www.chinadaily.com.cn www.direxion.com When viewing buying opportunity, I look at a few things, one of which is how much emphasis is the government paying attention to this sector and the grant/budget being allocated to it. Next and more importantly, I study the chart and see if the price action is aligned with it as well. Please do your own due diligence and...

dchua1969 Updated 

You will see that there is a strong consolidation in the pink rectangle area where price fluctuates between 139.044 to 141.597. So, there is a possibility that the price may revisit this area before we see a rebound. Alternatively, as the bearish trend line is broken out, it might also just lift up from the current price and heads higher. Trade safely.

dchua1969 Updated 

Let's tackle the bad news first. If you can handle it, the rest is easy. If 17.50 level is broken down, then I will re-evaluate my analysis on Silver buy calls. Now, it is facing a resistance at 18.16, thus presenting us an opportunity to buy. Wait patiently and observe the price action. Notice the few closing candles - it is a sign sellers are at that level...

dchua1969 Updated 

In China, millions and millions of people are using Weibo , the Twitter of China to communicate with each other, to buy tickets, to post videos, to buy and sell stuff, etc. It is so popular that you simply can't ignore it at all. It is now at 39.99 a great support level and I expect the price to trend up from here. Don't let the revenue shortfall take you back...

dchua1969 Updated 

Many of my friends are on FB daily, updating their profiles pictures, finding news, videos to entertain themselves, bargains and also peeping into what's happening in others' lives . Well, I had my fair share until I find it a hassle to do it and now only visit it from time to time. But , I make sure to make some money by buying its shares whenever it had a...

dchua1969 Updated 

investorplace.com www.digitalnewsasia.com kr-asia.com It's IPO price is 18 and rocket to a high of 46 within 2 months before tumbling down to a low of 14.57 in early Jan this year. The potential upside for this company is phenomenal. Just look at the white space it has to go up to. It is funny sometimes as traders that we tend to hesitate and ponder over our...