‌$DBS GROUP HOLDINGS LTD(D05.SI)$  ‌ Posted earlier about DBS possible retracement zone at $31.90-$33.00. Seems like it is reaching soon. With the latest "SVB" news, I won't be surprised to see some sell off next week for local banks. Next Tuesday is also "CPI day" which is a "Do or Die" event for the stock market. Either it rallies very hard with a slowing inflation data or it will crash hard. Market is extremely sensitive nowadays.  But anyway, let's keep to the plan. Don't forget we are 1 month away from the very sexy $0.92 dividends. It is not a coincidence market likes to rally before that. (You can compare against last year) Who doesn't like to buy a "discounted stock"?   So my 1st target is $32.50. 2nd Target is $31.25

$Tesla Motors(TSLA)$  ‌Still holding on to your first love? Firstly, I am a BIG FAN of ELON MUSK (like a lot of people) and I think he's a "once a lifetime" genius that we will ever see & I guess that is also 1 of the big reason that pushed Tesla to become a "super stock" during the covid era when money is "cheap" & retail investors are having a hell of a lifetime buying tech stocks!  Tesla is a profitable company but it is not half as profitable as Apple, Microsoft or Google. Heck, it is not even more profitable than Meta! Yes it has fantastic self driving AI technology, sells solar panel and even carbon credits. But ultimately it is just a "car maker".  Every car maker is coming into the EV market now and there will be o

Why is $Tesla Motors(TSLA)$  struggling and what I will do? Before we talk about technical analysis, we need to understand the fundamental challenges that Tesla is facing in China. Why is the China market so important you may ask? Because the Chinese market accounts for more than half (58.7%) of the global EV market in 2022 and whoever owns this market will have an advantage to dominate the growing industry. Right now, the one who is dominating is BYD (Build Your Dreams) who jumped from 13th spot in 2021 to top spot in 2022 with 1.86 million cars (EV & PHEV combined) sold and that is half a million more than what Tesla sold in 2022. Have I mentioned BYD is backed by Warren Buffett? Now you may wonder what is the difference bet

I‌f you think $DBS GROUP HOLDINGS LTD(D05.SI)$  ‌is too expensive to buy, you are not alone. However with strong interest rate & SG being a top destination for smart money, DBS has been on an uptrend! In an uptrend, we will always look for long opportunities.  Based on technicals, price met resistance at $36.04, formed a doji followed by bearish engulfing candle and RSI about to crossover lower, there is a good possibility of price retracing lower in the next few days. (Especially since tonight is CPI data which is equivalent to a World Cup Semi Final)  As price has respected 200 EMA since Aug 2022. Look out for area of entry in between 100-200 EMA at around $33.09-33.80. Good Luck! 

‌$DBS GROUP HOLDINGS LTD(D05.SI)$  ‌XD, what's next?  Congrats to everyone who collected their $0.92 dividends today! To review my previous post, I recommended to buy at 1st target of $32.50, 2nd target of $31.25 and 3rd target of $30. I personally managed to buy some at $31.99. I was "lucky" because price opened and gap down straight to $31.70 from the previous day closing of $32.70. Needless to say, I immediately bought since it was well below my 1st target of $32.50. That is why it is important to set a target based on your analysis instead of buying based on gut feel.  I did not buy a lot but my investing strategy for local banks is always to buy regularly at area of value. Because nobody is able to predict how high or low a st

I‌f you think $UNITED OVERSEAS BANK LIMITED(U11.SI)$  ‌is too expensive to buy, you are probably right. Price met supply zone at $31-31.40 level with RSI coming off sharply now. I don't trade basis RSI, but it gives me an idea of whether the stock has buying strength or not. Generally below 50 = not much strength. Also, when price rises too fast, it is usually not sustainable. Of all 3 banks, UOB is the most volatile one that doesn't "respect" trend lines.  I know most people who buy bank stocks are investors and will hold it for the long term. So they don't really time the market because they use "Dollar Cost Averaging", but who wants to AVERAGE UP their average cost?  Therefore it is better to hold your gun and wait for pri

Bull trap for $Invesco QQQ Trust(QQQ)$  ‌? I think it is easy to explain the bull rally with interest rates at 0%. But how to explain the "rally" when effective interest rate is at 4.5% and still looking to increase further? There are a lot of "expectations" in the market that FED will ease or even cut interest rates by end of this year. However your guess is as good as mine. Though we will soon know the "truth" soon.  What I feel is no matter the announcement, market will drop because this rally doesn't have enough "fuel" and there is still a lot of nervousness in the market. I am pretty sure everyone is still feeling the pinch from the rise of their mortgages, higher rental cost & daily expenses are on the rise too. So who is

‌Simple game plan for $NVIDIA Corp(NVDA)$  ‌ Bears tried hard to defend $160.56 for 3 days. Go long if price breaks above. In between will bea lot of choppiness until price breaks below $138.84. Good luck. 

E‌nd of March "window dressing" for $Invesco QQQ Trust(QQQ)$  ‌? It's interesting to see how stocks rallied despite interest rates at close to 5% and I wonder how much of it has got to do with companies & fund managers trying to push up the market so that they can have a better "Q1 performance" to report? If history repeats or should I say if "chart patterns" repeats, then we better be wary of April till June. Because March 2023 behaves exactly like March 2022. 1st week of red, followed by 3 weeks of strong green. The difference is the RSI this time is stronger than last year. (But so is the interest rate)  2 things I will be watching: 1) Whether price can break previous resistance level of $334.42  2) Whether the ca

W‌hat I like about $OVERSEA-CHINESE BANKING CORP(O39.SI)$  ‌ 1) Stock price is stable and has been trading within 3 zones since March 2021.  2) Price "respects" 200 EMA = it means institutions and investors are usually "queuing" to buy up the stock when it touches 200 EMA Currently price is reaching resistance at $12.77. If it breaks $12.77, it will go up to challenge previous high of $13.54 and it may even make a new high. However if price doesn't break, it is possible to retrace down to "MID ZONE" which is also the 200 EMA support line at around $11.50-$12. That will also be a good zone for you to do some "Dollar Cost Averaging". But generally OCBC is a "boring" stock and it is not a "life or death" situation whether you are buy

I‌s $Exxon Mobil(XOM)$  ‌over priced ? I have been in the oil & gas industry for more than 10 years and I am well aware that crude price affects oil price which in turns affects P&L. Thus it is normal for oil companies to follow oil price.  When the war broke out on 24/Feb/2022, WTI shot up to $119 and XOM also shot up to $105.57 which I felt was "within expectations". However since then, US has increased interest rate to curb inflation, released their reserves to bring down oil price and US has also effectively replaced Russia as the no.1 LNG exporter to Europe. Thus it is not a coincidence that US oil companies are coming in with strong earnings.  However Winter is over and oil price has been as depressed as ever. Th

Is anybody looking at what happened to ‌$DBS GROUP HOLDINGS LTD(D05.SI)$  1 year ago?  Price hit "supply zone" and collapsed. But of course interest rates wasn't that high at that time, so don't expect price to drop too much. That being said, $31.90 - $33.00 will be good buying zone. $29.50 to $31.00 will be sexy zone.... Good luck! 

I‌s it time to buy $Sea Ltd(SE)$‌?I am not a fundamental analyst, I don't even know if $SE is making money or not. But from a very simple technical analysis, it is not time to buy $SE yet. Simply because 50/100 days EMA has not crossed over & it is technically in a bear trend since Dec 2021. $SE looks like it has "bottomed" at $54, but after failing to break thru 100 days EMA, there is a good possibility that price will come down to challenge $54 and once broken, have a chance of going lower than that. RSI is also pretty weak. It is best to wait till at least 50/100 EMA crossover to buy. Even though you will not catch the lowest point, but at least you won't be catching a falling knife too.Macro environment is not looking good either

‌$Nasdaq100 Bear 3X ETF(SQQQ)$  ‌‌$Nasdaq100 Bull 3X ETF(TQQQ)$  ‌ Price reaching demand zone. Went long @ $37.64 + sold a 20230303 $37P at $1.39. Good upside potential to $50s. Target to sell covered calls when market moves higher later on.  With interest rate still so high, I don't see a 1 way ticket to the moon. Market will be chopping around for rest of this year which means it is better to sell puts at demand zone & sell covered calls at supply zone. Good luck! 

‌How I day trade ‌$Invesco QQQ Trust(QQQ)$  ‌on Friday 23/Dec/2022 1) Enter long at $263.90 when I saw a huge spike in volume at exact 30mins after market opened. It doesn't happen everyday but sometimes it does. It could be institutions or market makers who set their algorithms to take position after the 1st half an hour of trading. Usually I don't trade counter trend especially when all the trendlines crossover lower and RSI is below 50. However in this case I decided to go long as the huge volume at 30th min has taken out all the bears and price seems to be well supported at $263.70. So I set a stop loss at $263.30.  2) Price spiked up shortly and I took my profit at $265.50. As I said, I don't really like to trade counter trend

‌3 things I will be watching before I buy ‌$PayPal(PYPL)$  ‌  I admit that I am tempted to buy Paypal at current level. Surely, this is as low as it can get since Oct 2017, isn't it? How much lower can it fall? It's lowest level since inception in 2015 was $30.52. Surely I can endure a paper loss of $30+ since so many people are already enduring losses of $100+ or even $200+ for Paypal. Are you also thinking like me?  However, having been burnt so many times whenever I tried to buy stocks blindly, I have learnt the hard way of not trading based on emotion and especially recommendations made by analysts. Most of the analysts doesn't trade and even if they do, their recommendations are probably bias to their own positions. *Ther

W‌hy I don't like this chart pattern for $Microsoft(MSFT)$  ‌? Forget about the AI. Forget all the noises and let's just purely look at price action. I don't like what I see. Doji followed by a Bearish Engulfing. Especially when price has been rallying before that. Why?  Because it can be a signal for reversal. Whether it's a big reversal like the one in Aug 2022 or a "small" reversal like Dec 2022, I have no idea. But I know I definitely won't go long at this point.  Good luck traders. Cheers. Happy Holidays in advance!