dchua1969

dchua1969 Updated 

Aiming for the gap to be closed

dchua1969 Updated 

I know in some countries, people drink coffee without sugar but in many Asian countries, they like it sweet. Really sweet , haha. So if you like sugar in your coffee or tea for that matter, you can also make money from it. Day chart analysis : 1. Price is sitting nicely above 21 EMA . 2. See the 3 green caps - it is the Head and shoulder formation pattern. My...

dchua1969 Updated 

The 1H chart shows that the price action is moving down. It is likely to go to 3.033 (i.e. 618 FIB Level) before rebound. Please note that I use the 618 Fib level as an guide and not precise buy/sell entry. That means, I do not enter the market now at 3.033 and hope it moves up. There have been times in other charts where I have seen the price action move way...

dchua1969 Updated 

This is an interesting day chart showing the relationship of Dow Transport Index and Dow Industrial Index. Did you notice that each time, DOWT (blue line) went south, it would rebound.First time was April, then July and now November this year. The yellow dotted line shows the support that the current price of DOWT is at ,9501.93 which was the same in Sept 18. It...

dchua1969 Updated 

I find that when one says the word; "bullish" or "bearish",it can create some misunderstanding for some traders. For example, if you look at the monthly chart of GBPUSD and if my analysis is right (i am at times wrong), then I forsee more downside to come. The white box shows the price action in a consolidation stage from 2009 to 2015 before it heads further...

dchua1969 Updated 

There are 4 attempts that the price action tried to breakout from the 618 FIB level but without much success. The 4th one (July 2017) hit the upper channel line and collapsed to 107.48 from the high of 114.44. Wow, that is a nice 6% profit or 700 plus pips. Now, pay attention the 5th attempt that it tries to break out from the 618 FIB level. 2 things to take note...

dchua1969 Updated 

It took only 3 months in 2015 May till Aug for the index to crash 45% from its peak but is more than 2 years now and we are blessed indeed to see it pulling back nearly 57% of its previous shiny days. That means it has nearly 15% more to catch up to its previous high. Notice the nice Cup formed, expecting a right handle to be formed soon (pull back). The fall...

dchua1969

By changing the chart patterns into lines and doing an overlay, one can see clearly the co-relation between oil price and XOM. Thus far, they are moving in tandem. Also, the monthly chart of USOIL is bullish with price action above 21EMA.

dchua1969

www.scmp.com Apparently, a lot more than what I thought! The news about Chinese families sending their children to study overseas is old news but to the point of driving the property prices in UK, Canada, Australia have both its proponents and opponents view. As parents, who would not want their children to receive better education and have exposure to a better...

dchua1969 Updated 

Look at XLF and GS, don't you think that they mirror each other in its chart pattern? I have find using XLF a good barometer to buy or sell banking stocks like Citigroup, JPM and GS. Again, XLF has shown temporary weakness with price action closing below 21EMA and a gap between 25.51 and 25.61 awaiting to be filled. 25.51 is slightly above the 50% FIB level which...