dchua1969

dchua1969 Updated 

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...

dchua1969 Updated 

From fake news to scams and companies leakage of data and important information being hacked, the online world will faced increasing threats! And I was thinking the more online and connected the world becomes, the more important is cybersecurity as there are experts that build things and also experts that destroy things as well. This dark side must be protected...

dchua1969 Updated 

It is a known fact that private education, coaching, tuition, extra-curricular activities like swimming, piano, etc are a large part of kids' activities in Asia. Be it Hong Kong, South Korea , Singapore or Malaysia, on each weekend , you will see parents acting as chauffeurs to their kids from one place to another, resting in between for meals before the next...

dchua1969 Updated 

Some may not agree and that is fine ! Think for a moment. Many of us spent a lot of time working in our career, clocking hours after office hours hoping to gain that year end promotion, score that bonus or simply act out of peer pressure. Take a minute to read this article I found. I am of the opinion that having a healthcare sector/company is crucial in...

dchua1969 Updated 

Wonder if the breakout was affected by the coronavirus ? There could be a inverse H& S pattern here, if correct, then we can expect a breakout fairly soon. If not, we can see the price revisiting the 0.40 price again.

dchua1969 Updated 

Read about this company business here According to its annual report, 73% of its revenue is derived from the 3 attractions in China. And it has closed down 3 of these attractions , read here . So, using the 80/20 principle , if a company generates 80% (in this case is 73% to be exact) from 20% portfolio and there are no other streams of revenue coming in...

dchua1969 Updated 

That is what I thought when I read that Kraft is getting a new CEO soon. Chart wise, it is pretty bad, having lost almost 75% from its peak. The current price action also shows continued selling and is not going to be over , yet. It probably will revisit the support at 28.04 before a pull back. If that does not happen, then we can see it heading southwards to...

dchua1969 Updated 

IF copper is any indicator of the global economy, then the last 2 weeks of January has been bad ! The price action consists of ONLY mainly red candles showing how aggressive the sellers are pushing the price down. Are we near the bottom? Possibly. The range is between 2.47222 to 2.5278. So, you can put this in your watch list and monitor. Because the price has...

dchua1969 Updated 

It sits nicely on the support level at 141.093 and price action refused to break down. It may retest once more before rebound higher. So , we wait for it to break the bearish trend line first before initiating a buy position.

dchua1969 Updated 

The price is now sitting at support level at 23.31 and I would like to initiate a buy position for this stock. First target would be 31.28 , 2nd target 38. SL at 20.25

dchua1969 Updated 

This is going to be a good opportunity to buy into Platinum cheaper. Wait for the breakout, pullback then execute your buy. Alternatively, it could have another correction as it approaches the trend line. Be patient. Always trade with a SL, employ appropriate risk and capital management. God bless your trades.

dchua1969 Updated 

There is some support at 0.640 so it might rebound a bit. Will it go higher or trend lower ? It is pretty hard to forecast at this moment in view of the global doom on the coronavirus. There are many levels of support that this pair can revisit in the coming weeks. Please note that it is still bearish on the weekly and daily so unless the latter is broken out,...

dchua1969 Updated 

We caught this pair recently when it breaks out of the bearish trend line. Those who have yet to enter, wait for a pullback and then buy at the 2nd support area, i.e. 82.465 area.

dchua1969

Yes, there has not been a day gone by without receiving updates about this fearsome coronavirus. Just checking the number of cases and deaths can affect one's trading emotions. The fear of missing out from participating in the market can be so terrifying and overwhelming that one might just jump in to buy or sell without going through their logical process. Yes,...

dchua1969 Updated 

Some have bought when it reach the support line at 0.66793 but based on trendline analysis, we wait a while more for the price to break out of the bearish trend line. There is a chance that it might revisit the support before rebounding but based on today's indices performance, who knows, we might see breakout from the current price.

dchua1969 Updated 

If the objective to long or short a trade is to make profits, then be it Tesla or any other Company, so long as this objective can be met, then I think the answer is a YES. But if you do it because it is the "talk of the town" and you want to earn some bragging rights during lunch talk or something, then maybe not. Chart wise, we see a bearish engulfing candle...

dchua1969 Updated 

Price, one of the 4 P's of marketing has been used as a differentiating tool or competitive strategy amongst businesses for centuries. We have budget airlines, low costs hotel, lowest price hypermarket like Walmart, Targets, etc. So, when come to trading, it is also the same with us, the humans. We are obsessed with catching the lowest price level. WHY ? It is...

dchua1969 Updated 

We know for a fact that the coronavirus has caused pretty bad damages to the tourism industry with Disneyland and other theme parks closing down temporarily. So are airlines being forced to halt flights in and out of China. The F&B and casinos are not spared either. So, with diseases lurking , people wants to find a cure. That started the frenzy and crazy buying...