‌$DBS GROUP HOLDINGS LTD(D05.SI)$  ‌ 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. I

$Tesla Motors(TSLA)$  ‌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 only b

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 between

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 stoc

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 price

‌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. 

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 real