Several followers asked me this question and I am as clueless as they are. What is on the sleeves of BOJ ? Will they intervene like before ? For one , I wont be shorting this pair for the simple fact that it is in a bullish trend (going against it is unwise as I have been educated from the market umpteen times). As I am currently not vested in this pair, I will...
From China "uninvestable" to social media influencers calling bulls in the HK/China market and there are some followers getting edgy what they should do. I know what I will do since I am clear with my objectives , time horizon, risk tolerance, capital management, etc. For my existing holdings, I am selectively averaging down on some of these companies -...
If you have already longed Gold at around 1700 price level, congratulations. You can either take profits or wait out. But if you have not long Gold this year, I suggest you take a break and wait for the signals. We can see that it is at the resistance level at 2075 price level and while the last few weeks have been bullish, we never know what's going to happen in...
it has dropped about 17% from its peak and currently there are 2 support level to watch. It could rebound from here so I like to buy some shares but if it falls further to the 2nd level, then I will add some more. The important thing is it must stay above the bullish trend line.
Read this interesting story here :https://www.shine.cn/feature/art-culture/2306162717/ Our mind is constantly bombarded with news, false information, fake news, rumours, gossips,etc everyday. Our attention span is decreasing by the seconds each day upon receiving a piece of news. We are too scattered and deplete our energy over many useless stuff that steal our...
Follow what Warren Buffett has been saying for years. It works. Read article here Now that the price action has break up of the resistance , I expect the rally to continue provided the FED gives no more surprises along the way.
Read latest news here Post trading hours, the company has fallen nearly 20% to reach the current price of 418.85. I will be waiting patiently for the gap to be closed and see if there is bullish signals before going long. Tech stocks have gone up a lot, short term traders will be smart to take profits, investors - chill and await good opportunities to accumulate.
First thing first, just because someone introduced you a stock, it does not mean you have to BUY. WHY must you follow others' portfolio to a T? Everyone's financial objectives are different, with different time frame, expectations, risks tolerance, etc. DYODD - are you familiar with the business ? Is it undervalued? How is it's financial performance ? Don't just...
If the price comes back to 107 price level support and has bullish signs, I might want to add a bit more into this company.
Why not have both ? Eat the chocolate and make the profits , haha? Wait for it or nibble some when it breaches the resistance at 193.53 or wait for it to fall further to the support level at 174.58..... Christmas is coming ......what other better gifts than chocolate, the old tradition?
The HK stock market (HSI) has fallen more than 5000+ points from the high of 20,000 in July 2023. In Feb this year, I made a bold statement , making a crazy prediction that the HSI has bottomed in Jan 2023 and has been slowly accumulating this index via 2800 Tracker Fund ETF. Fast forward to the recent week, we witnessed a straight near 10 days of bullish...
The reason I like this ETF is the exposure to the HK Tech sectors , some companies I like but may not like enough to initiate a position in them. It's share price has been hovering at the 5.77 to the 8 dollar mark , a little boring and definitely in no time to accumulate. Refer to the list of Holdings
A whopping 77% drop from the peak of 35.85 to a low of 8.50 in Oct 2022. It broke the first resistance at 14.26 and is now approaching the 2nd one at 16.88. If it breaks above with a bullish signal, I will add more slowly. It's launch of the Electric vehicle will give the likes of Tesla, BYD, Xpeng, NIO, etc a good run of their money. While the others are...
Chill, guys ,there is no need to get into FOMO just because there are plenty of conversations going on about buying Alibaba shares. Just look at the chart carefully, it has been in this consolidation stage since Oct 2023. Let the price breaks about 77 level and convincingly with a bullish signal , you can still go LONG . There is no guarantee that those who got...
Time and again the market has a way to play out the traders, they knew how you draw your charts and thus the manipulators or smart money will often went below the stop loss level to take you out and days or weeks later, push the price up again. Let's see how it goes in a week or two time.
EL has fallen more than 60% from its peak in Dec 2021. It's latest financial figures reveal a reduction in revenue and profitability. As a market leader in the personal care industry, it is also facing more and more small independent brands that continue to erode its market shares. The chart shows it has reached a critical support level at 153.20 but I think it...
Check out this article here This stock should benefit and can be expected to rally towards 17-18 dollars Please DYODD
Based on the above daily chart, I am making a bold prediction that the HSI has bottomed in Jan 2024. We can see clearly the breakout from the daily chart. What's important is the support level at 16,194, a critical support level that must be maintained ! I will be slowly accumulating this index . Also, watching banks stocks and some tech stocks as well. Please DYODD.