hweikang0828

hweikang0828

Good morning everybody: Hope you have listened to my advice and made an easy 5% for longing NQ. However, today I am recommending you to close your longs and wait on the sidelines. Why? Of course the breakout from the resistance is obvious, but I think a possible pullback is about to happen because of weak European market. DAX is proving a whole different...

hweikang0828

Feels bad that I didn't post here earlier but in NQH. If you want to see my past accurate record about Nasdaq, visit my profile and you would surely like it. Back to the analysis. There is an obvious downward channel since the corona virus outbreak in Japan and EU. So basically, you long when the price hits the lower end of channel, and sell when the price hits...

hweikang0828

Good morning everyone! I am ready to tell you that this might be an opportunity to long, but not in a long term period. So I am seeing 9167 as a support and already purchased some long position, and I think it's possible for NQH to rebound to level around 8570ish. So I think it's good for you to close your shorts, get some longs, before the ultimate crash....

hweikang0828

Feels so sad when actually nobody is reading my crazy great posts:( anyway. I am looking at 2020's low as a support for NQH right now, which is around 8660. If that breaks after the market open, I gotta be honest, that it's going to be a slaughter for bulls. If you still holding NQ, sell it right now, and go for shorting. Hope you listen to my advice, and good...

hweikang0828

I don't feel like reiterating the golden gold anymore. Long and Win. GL

hweikang0828

Hey there: It's me again. Hope you have read my post yesterday and loaded up with shorts. Would've been a huge bag of profit if you listened to my advice. Back to the chart. As I mentioned yesterday, that falling below 9100 will create a free fall, and that did happen. However, I want you to look at the last possible stop of this falling trend, and that is price...

hweikang0828

Very strange movement going on because of corona fear, and target prices are easily ruined bc of the uncertainty. Although I proposed that NQH would hit 9300 level, but the recent downtrend seemed to create a blurry outlook. I think now the price might fall even more because of failing to break out. Wait and see if there is any bounceback from NQH on 9130 level....

hweikang0828

Hello again! As I have mentioned earlier about a pullback of gold, I hope that some have listened to my advice and took their profit. Besides that, back to today's gold movement. Nasdaq failed to break out 9200, and fell once more because of EU fear. Also, gold has just broke out from a sellout, with a dragonfly candle. So, I hope it's clear for you all, that...

hweikang0828

Obvious Elliot Wave 12345 downtrend. So next phase would probably be the correction phase. As shown in the chart, there is a big uptrend channel since last year, Sep 25th. Since this is the first it fell below, it should be recongnized as a bearish pattern. But if you want to short, don't do it yet. The ABC corrective wave might push NQH up to 9300ish, and that...

hweikang0828

Though I placed my target price for gold @1763, I think a short term pullback is about to happen. So basically when analyzing gold from the 4 hours perspective, we can see how last time(left of the chart circled with brush)there was a 3% pullback before a further climb for gold. I am not concluding that history keep repeats itself, but from the technical...

hweikang0828

I have to be honest, that I was earlier bearish about GOLD before. But after reading the news about Italian, Korean, Japanese corona infections, I think there is no doubt that GOLD is gonna fly higher. So when I look back into the chart, I see a clear uptrend since Oct,1,2018. Basically everytime gold falls below the support line, it would take some time to climb,...

hweikang0828 Updated 

As shown in the graph, there is always an upward channel formed since Dec,19. Almost everytime QQQ rebounds from the lower end of the channel, with exceptions from price during the corona fear. However, this time QQQ fell from the support line again, yet there isn't too much corona fear this time. Though MACD is suggesting that QQQ is at an overbought territory,...

hweikang0828

Its pretty obvious that HSI is in a downward channel, after failling to hold 28000 level. And with US stocks crashing on Friday, HSI is destined to open at an extremely low level on Monday. So we have to see if HSI drops to the lower end of the big negative channel. Of course I am not saying HSI would be bullish, but its really possible to see some rebound to the...

hweikang0828 Updated 

Though climbed like insane after 2009, I still think that LVMH is a great asset to purchase. As the graph presented, the stock is currernetly price at a farily lower end in a zone formed since October,2019. Though the market has priced in a fast solutiion to the corona, I still think LVMH, or luxury stocks in general still have a lot of room to run. First target...

hweikang0828

So when I look at this in a daily chart, I think its obviously ina downtrend that is awaiting for future drops. however, when zoomed in to hourly, a clear oversold situation have been presented by chart, which suggests a possible short-term upside. So I am awaitng a climb, and see if the negative resisitance line could be broken or not. If so, long. Else,...