dchua1969

dchua1969 Updated 

Have you been to Shanghai ? If not, plan a trip to visit this beautiful city of China asap. Why ? Because When I was there 10 years ago and what it is today is a vast difference. From using cash as the common medium of exchange to the world's largest mobile payment country, you have to salute and respect how fast this city or China has changed. It is remarkable...

dchua1969 Updated 

2 more days before the New year. I take this opportunity to wish everyone a Happy and Prosperous New Year. May the Lord continue to rain his blessings abundantly on our trades in 2020 and beyond, watching over our positive state of mind, taking care of our health and relationship. Amen. USDCAD has been plunging like the waterfall since 3 Jan 2019 at 1.36 level....

dchua1969 Updated 

If you look at the chart from a mountain trekking perspective, then each pull back is like a rest point for the trekkers(traders). Time to rest, eat some food, reorientate the direction before continuing the journey. Here, we have a support at 28442, if it holds, then we can expect price continuation to go upwards. Again, I emphasise this is a long term trade,...

dchua1969 Updated 

Some says food is a recession proof business but with many competitors in the Burger business, customers are now spoilt for choices. While MacDonald has enjoyed a good brand name and being the first few early adopters of Fast Food, many other are fast catching up as well. If price level at 189.45 can hold , then we can see a recovery and possibly a breakout of...

dchua1969 Updated 

www.cnbc.com From the article, it appears that funds are exhausted and EV companies have yet to make a mark for themselves in the market. Will EV market be as big as Ecommerce and 5G technology in China ? Perhaps, it needed more time to run its course and let the market see the benefits of EV. Breaking the resistance at 2.47 is a positive sign after three...

dchua1969 Updated 

This is one stock that I want to keep for the next generation. It is now forming a nice symmetrical triangle pattern on the weekly chart. See : fx-australia.com It registers more than 10,000% returns if one has bought it in 2007 till now. qz.com www.prnewswire.com www.forbes.com www.scmp.com

dchua1969

Price action has broken out of bearish channel, retested at 1.6999 and is now testing 1.714. If it breaks above, then we will initiate a buy position to let it go higher to the desired profit target.

dchua1969 Updated 

www.bloomberg.com Details in chart : Wait for breakout , pullback then execute your buy order. It might fall off a bit lower before the rebound.

dchua1969 Updated 

The pound has dropped almost 4% from the peak of 1.35119 to the current price of 1.29818. Before one gets too depressed over the plunge and decides to throw in the kitchen sink to short down this pair, please note that there are 3 levels of support that it has to break down. These support can turn the price upwards once more. The selling candles seem to be have...

dchua1969 Updated 

Praise Lord that he has blessed you abundantly this Christmas holidays and more blessings - peace, prosperity, health, wealth, relationships that you asked for are granted.And if we know that he hears us--whatever we ask--we know that we have what we asked of him.1 John 5.15 AUDUSD is still riding on a nice bullish trend, 1H , 4H and Day chart. So, I am expecting...

dchua1969 Updated 

Now that SHCOMP has broken out of the bearish channel, we can expect the price action to first continue charging towards the resistance at 3008.837. If this level is taken out, then the next target would be 3120.222. I am bullish on the China equity market in the long term so any correction would be a good opportunity to scoop up at cheaper price. Please note...

dchua1969 Updated 

The strong bullish engulfing candle convinced me that the price action will break above 83.319 and formed a right shoulder pattern, then retrace before heading higher up. There is strong support at 83.006 and if this level is broken down, it might head to the 82.40 bullish green line. This is a possibility as well.

dchua1969 Updated 

Unless you are tracking a particular product , forex, futures, commodities,etc for that matter, it may be hard to monitor so many charts at the same time. Timing the market , i.e. knowing when to get in at the lowest and selling at the maximum profits has remain much of an illusive art of trading to many of us. Of course, some traders are excellent in spotting...

dchua1969 Updated 

While the equity markets are in upward frenzy, with Nasdaq, Dow Jones and S&P500 registering double digit growth this year, Natural Gas has been the wet blanket in the party. From early Jan this year to current price, it has fallen more than 50%. Currently, it sits on a nice support level at 2.188 which is a possible buy entry for the more aggressive buyers. For...

dchua1969 Updated 

It is now in a consolidation phase and this may go on for a while before it either break out or break down. If you dislike range movement, then wait for it. No need to participate in every chart, just the one you like and comfortable with. Again, Mr Market decides the direction , not the trader. We merely act following its next move not to dictate the market...

dchua1969 Updated 

I certainly hope so as selling at this high price to the desired target would yield a great amount of profits to any traders. A very bearish candle has just taken place in the 4H chart, let's be patient and see the strength of pull back and then place our sell bet. For all you know, this commodity which has been generating more than 350% return since 2016...

dchua1969 Updated 

See chart

dchua1969 Updated 

This stock beats the hell out of the S&P index three times (roughly 20% since Jan 2019) had you bought it early this year. In September, it peaked out at 241 and is now retracing nicely to the price zone of 203 before taking up further. That would be a nice buying zone. If the price breaks down from 203, buying signal is cancelled.