dchua1969

dchua1969 Updated 

Please DYODD This is where I am planning to go LONG for this stock. Probably towards Q2-Q3 , hopefully earlier, I expect to see some form of sector rotation with tech stocks retreating and the healthcare stocks coming back into the limelight. This would be a good time to accumulate.

dchua1969 Updated 

If you have not been reading the news, last night was the first day of trading for several Bitcoin ETFs that many are excited about. BTCUSD had a great run to 49,000 before retreating to close below 46, 915, a previous resistance level on 21/3/22. Now, we can see from weekly chart that the peak is around 65 038 level and that is also the triple top formation, a...

dchua1969

Still in the Red for this ETF, a little disappointing since Electric vehicles will need lots of lithium. I will want to buy more at later stage when I see an uptick of sales of EV globally.The adoption rate is not as high as many expected with infrastructure, conversion, batteries, etc issues still hanging. I am looking at end 2024 to early Q1 2025 to review this...

dchua1969

Looking at the holdings , I will need less bullets to buy into these individual companies especially I had missed BIG TIME on Nvidia. This war on semiconductor chips will make these companies that are manufacturing them very much valuable down the road. China is squeeze and is forced to build on its own, which will takes time but eventually , I expect China to...

dchua1969

I expect the price to break above the resistance of 70.65 and goes higher , first to 75 then higher this year.

dchua1969

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.

dchua1969

A few positive things did happen for Alibaba. The removal of Daniel Zhang and being replaced by Joseph Tsai. So far, I like what Jospeh has done for the company, making it leaner and removing excess fats that are stalling its growth. They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share...

dchua1969

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

dchua1969

I am not so concerned about its property exposure since all big local banks in China have loans with the property developers. It is negligible at 1 over % compared to its insurance, tech, etc businesses. As a corporate, while its dividend of 8.8% may seems attractive, there will be a capital withholding tax of 17% compared to 8% net from LINK REITS. Of course...

dchua1969

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...

dchua1969

It has just reached its 52 week low at 30.70. I believe with the current interest rates environment (deferred cutting of interest rates) , in the short term, I expect more volatility and the price might falls below 30. While it is positive news that WHEN interest rates begin to fall (everyone was expecting in June this year but now seems Feds is kicking the can...

dchua1969

After falling from the peak at 416 on Jan 2023 to a low of 260, it has since recovered by more than 10%. We can see the price level has broke out of the descending wedge and an important support at 295.80 must hold else it will falls back into the channel. I will be monitoring closely before adding more..... Please DYODD

dchua1969 Updated 

based on weekly chart, we see a clear cup and handle pattern play out in this IHAK ETF. If you are getting hyped up to go LONG , be patient and not get on the high price train. Wait around for the price to retrace to around 44 price level first or possibly it might drop even lower considering the bullish trend for AI, Tech stocks has been rallying for quite a...

dchua1969 Updated 

First thing first, I am not buying , yet. I will watch it over the next few weeks to see if the price rebounds strongly from the support at 344 -350 level. There is a possibility that it may continue to head south to revisit the next support at 289.80. Remember the F&B business in China faces a lot of competition with new restaurants and menu being served up or...

dchua1969 Updated 

I am betting is a YES ! What if I am wrong ? I will have to wait for the price to find support at 120 price level and add more ......

dchua1969 Updated 

So we are witnessing a 15% fall from the peak for Apple shares which scares the hell out of some investors. At current price level , 168, we see a pretty strong support from two previous occasions, Sept and Oct 2023. I plan to nibble some tonight at 166-168 price level . I think this presents a good accumulation entry point for long term investors. Please DYODD

dchua1969 Updated 

It has risen more than a 1000% since 2014 at less than 20 dollars. The brand equity is so strong that each time I passed by an Apple Specialty store, it is always packed with people. It has become a "must have" item to have despite many claims it has lousy battery power, software issues breakdown, etc. Personally, I have changed my Apple Watch twice for not able...

dchua1969 Updated 

Chart wise, it looks good with multiple support at 217.54 price level and it is still trending upwards. There is a 31% potential upside to the next resistance level if one enters at current price. Read article here