Putting emotions aside about how unhappy, disappointed and frustrated with the China stocks, some people I spoke to are thinking to scoop more once the price reaches the support level. Just because it has rebounded on previous support level does not necessarily means it will do so in the future. It is possible, plausible and probable that it might falls through...
Drawing the 2 bearish trend lines, we can see that this stock is soon to break out soon. 2 Options - await pullback and go long OR wait for it to break the main bearish trend line around 15 dollars before going LONG. This approach is more conservative and less risk taking but the downside is buying at slightly higher price. Please DYODD
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.
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...
This could be a good opportunity to scoop up more shares of ADOBE later this week/month. If it falls through the green bullish trend line and falls further south towards the support line between 258 to 278, that would be an attractive price that I would buy more.
Both of these Reits have fallen from its grace since 2019 peak. More than 70% and I think the bottom could be near....... There wasn't a historic low to benchmark so it is anyone guess that how low it could go down further........ With Fed confirming its first rate cut in June this year, I anticipate REITS to start a trend reversal and begin its climb back up....
Using this as my last post for today, I am hoping the Chinese New Year starting tomorrow will usher in more revenue for KFC and Pizza Hut in China. Looking at the 4H chart, we can see a ultra bearish candle on 7 Feb with a gap up. Thus I am awaiting for the price to come back down to 292 support level to close the gap before deciding to go LONG. I also take...
I am betting on the Chinese B (Baidu), A (Alibaba) and T (Tencent) shares again , having seen their share prices fallen more than 50% from its peak! This is a long term investment , with time horizon 5 years and more. Is this the bottom ? I believe so as the Chinese Government is taking this opportunity to shore up its economy and the need to appease to the...
There is a strong support from the weekly chart at 39.19 price level and I will wait a while more to assess if there is bullish pattern before buying into this ETF. From the companies listed here , it provides an inexpensive way for investors who wish to stay invested in India without buying into individual company which can be costly from wherever they are...
From its peak in Sept 2023, it has fallen 20 bucks and is offering its loyal investors to start accumulating again. The yellow zone on the chart shows the multiple support between price level at 124 to 127 and the rally that enfolds. I believe we are in the zone again. So, I will be awaiting for a nice pull back and start buying more of this company. They are one...
Read the latest news here I hope either MSFT or META would acquire the TikTok business in US and if it falls through, it will add value to their existing business especially META. Some said X would be interested but I doubt so. Looking at Tesla recent share prices, it has been trending downwards and with their aggressive price cuts, there is basically no...
This counter has presented a short term LONG position for me. I entered around 5.02. Please DYODD
Assuming your capital base is 10x and this is how I would buy this company in stages. You would see that at 1st buying opportunity, I am just taking a small position. One can never be too sure that it would come to the ideal price you want. I wish I can predict the market each and every time but I don't and I can't. So long as the company growth remains robust...
Read this IPO news here This article here is nothing new as we are witnessing a change of the job market landscape exacerbated or accelerated by the Covid-19 pandemic. See article here How big is the food delivery market globally? See here In Singapore recently, someone claimed they could make almost S$9000 a month from this food delivery business....
Please refer to the weekly chart. Latest article here We can see that it sits nicely on the support level at 548 and I think it should have a nice rally from here.
Read latest news here There is a Chinese saying, when the tree is big, it attracts the wind. Similarly, being the 2nd largest economy, China is perpetually at "war" with many countries - US (whoever is the President, there will still be sanctions and disagreement), Taiwan (could we see a re-enactment of Hong Kong riot once more), South China Sea, etc ? So,...
I have long said I know very little about this asset class and whenever I dabble in it , it is a short term speculative play. By keeping it to 1% of your capital, you lower the risk of an all loss situation which will not render your portfolio to tumble turn. Most important, you must have a good night sleep. So, I took a position in IBIT around 24 price level...
We can see that the H&S pattern has played out nicely on the daily chart. It should revisit the support at 90.91 where it is then likely to rebound (triple bottom support) . There, I will await patiently for bullish signals to accumulate this shares.