Bitcoin plummeted!  Bitcoin 4h chart As we can see, Bitcoin unables to hold the support at 59000 and the price collapsed today. What a start for the first trading day of May. It seems that everyone is going to have a hard time this May. Sell in May and go away is proven again? Currently, it feels like the market is not optimistic about the outcome of tonight's Federal Reserve interest rate meeting. Maybe the chairman will say there is a possibility of further interest rate hikes, which will be very unfavourable to the market and US indexes $Nasdaq100 Bull 3X ETF(TQQQ)$  $SPDR S&P 500 ETF Trust(SPY)$  

Good topic to discuss. Well, I will choose to bet on these all time high stocks if the rally is just at the beginning stage. However, let's say the stock has been rallying for more than 30-40% in one month, it will be very risky to chase on it even it's at its all time high. Usually a healthy stock will tend to pullback during correction and it will be never too late to enter at that moment. Never be FOMO. However, if you don't care about the short to mid term volatility and if you are a long-term investor, then no problem for you to bet on these all time high stocks at any moment if you strongly believe that the companies are going to do better and better in future. Last but not least, buying stocks at high point is not a mistake or something to avoid, just try not to buy at high point w

Tonight will be the day for GTC 2024! At this global conference for tech developers, business leaders and researchers, the company promises to deliver big updates on computer graphics, data science and the future of AI. Without doubt, GTC has become the world's most important AI conference because the entire ecosystem is there to share knowledge and advance the state of the art. This year's conference offers more than 300 exhibitors and 900 talks, workshops and panels. CEO Jensen Huang could introduce the company's new Blackwell architecture chips and more. First, imagining NVIDIA GTC without a new round of hardware offerings is hard. The company should double down on the oh-so-successful Hopper architecture for AI inferencing with the Blackwell architecture, expectedly the B100. It i

Good news for $Chipotle Mexican Grill(CMG)$ to have a stock split. I believe the stock price will be bullish in short term following this good announcement. Moreover, a lower share price will attract more categories of investors as the entry price for one unit will be more affordable. How do you think? Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 48% by 2026. The company returns high margins, thereby supporting business profitability. The company is in a robust financial situation considering its net cash and margin position. Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current an

Long or Short? Personally I found out long is easier than short. The risk of short is way too big for me. The biggest lost if you long is 100% total lost, however, the lost can be 200 300 500 1000% during a short. Sound scary right?  A general sharing, short selling is a trading strategy where investors speculate on a stock's decline. Short sellers bet on, and profit from a drop in a security's price. Traders use short selling as speculation, and investors or portfolio managers may use it as a hedge against the downside risk of a long position. Timing is crucial when it comes to short selling. Stocks typically decline much faster than they advance, and a sizable gain in the stock may be wiped out with an earnings miss or other bearish development. Conversely, entering the trade too ea

2023 is a good year I think most investors agree that 2023 is a pretty good year for the world equities market. Most of them are performing very well except some weakness shown for China and HKEX markets. However, both of them starts to turn much better last week! Therefore, I believe most investors will continue to cheer till the end of this year. My formula  Most of my followers know that I am a technical investors, select and judging most of my holdings based on technical analysis. I traded mostly the midterm uptrend stocks only. Since I am not a short term investors, therefore I was almost inactive in equities market for the past two years due to the bear market and nothing much to trade. However, this year everything turns better with trend reversal or even new high breakout

Chinese ADRs continued to be volatile for the past months. Until last week, we see many of these stocks start to pick up and rebound strongly, after the good stimulus news from the Chinese government.  Some hot counters Let's look into some popular Chinese hot ADRs. First and foremost, the famous BABA. It showed a strong breakout from its parallel uptrend tunnel, which may lead the stock to continue its bullish movement next week, therefore $Alibaba(BABA)$ . Nice breakout Next will be $Bilibili Inc.(BILI)$ , which also showed a double bottom pattern with a neckline breakout last Friday. The breakout was not firm yet as the closin

Chinese stocks are now looking to recoup some US$10 trillion of losses from the last three years, with valuations hovering near a decade-low. The MSCI China Index tracking more than 700 companies traded at home and abroad has rebounded 12 per cent from a January low, ranking it among the best performers among major global peers during that period. Foreign investors' appetite for Chinese stocks continues to recover as they become less pessimistic about the prospects of a recovery. Meanwhile, geopolitical conflicts will also continue to drive global investors to diversify or leave China and to fear being discriminated against globally for being friendly to the country. That means China will continue to face difficulties attracting investment. Let's look into a few Chinese ADRs and see h

$XPeng Inc.(XPEV)$  Another prediction for this week. This time is the analysis for one of the EV companies. This bearish prediction is more towards short erm.  Let's look at its chart (kindly refer to attachment), specially for the last two candles as highlighted by the orange arrow. We can notice an obvious shooting star candlestick pattern. It appears two days in a straight, which signify a potential trend reversal. How to identify a shooting star?  # Made up of a candle with small lower body # Came with a long upper wick that is at least two times the size of the lower body.  # Appear in an uptrend Below are the key takeaways: - Shooting star occurs after an advance and indicates the price could s

I would try to share a few semiconductor stocks with AI theme, using technical analysis. For those who follow me, I used to share frequently the simple stechnical analysis of the stocks but due to busy with my personal life, I stopped for a while already.  AMD  Quite a famous stock these few days, AMD. This is because AMD launches new AI chips that will compete against NVIDIA to power AI applications. Moreover, Microsoft and Meta had committed to use this new chip which is cheaper. For such, we can observe a bullish movement of the stock with a big green candle on Thursday. It's a nice breakout with solid volume. I believe this resistance breakout around 125 USD will send the stock higher next week. $Advanced Micro Devices(AMD)$&nbs

EV seems unable to find their bottom after a few weeks of pullback and consolidation. Last week, the biggest news was that Elon Musk is set to come to India to meet PM Narendra Modi and announce a much-awaited plan to make Tesla electric cars in the country. All indications point to Musk visiting India to announce his ambitious project, groundwork for which is being done for years. The project is likely to see Tesla commit at least $2-3 billion investment as it sets up a factory to manufacture entry-level electric cars.  Today, let's analyze a few EV stocks. Since we are discussing about Tesla, let's start with this market leader analysis. Tesla started to have some positive news like FSD and Robotaxi for the past weeks which helped to keep the share price stable as compared to other

Following my previous article on Tesla, let's talk about China EV counters. These EV counters had been quite calm since the huge rally in July. Investors are probably waiting for this wave of correction to end before opening a new position in these stocks. So, do you think the correction wave will finish soon or the stocks will continue remain at a consolidation phase for incoming weeks? XPEV Similar to Tesla, XPeng is also forming a symmetrical triangle pattern since mid August. The fluctuation range is getting smalller at this consolidation phase I believe XPeng will have a higher chance to breakout upwards instead of downwards. It should choose its direction pretty soon. I am $XPeng Inc.(XPEV)$ for

Last week, the market started poorly and slowly recovered over the week after several positive corporate earnings especially for the mega-cap growth stocks. The major indexes showed sign of rebound and regained some upwards momentum. Well, as highlighted in the topic, I'm going to share a few high risk stocks in market. OXY  As we know, recently the oil price stays at high position. A serious escalation of tensions in the Middle East would push the price of oil above $100 a barrel and reverse the recent downward trend in global inflation. Let's look at the oil stock, OXY for example.  OXY daily chart Similar to oil price, OXY stock remains at high level and rebounds after touching EMA25, the red coloured trendline. I believe $Occidental(

Wow, the Bank of Japan (BoJ) raises interest rates for the first time in 17 years! Finally the end! 🇺🇸 S&P 500: 0.56% 📈 🇺🇸 Nasdaq: 0.39% 📈 🇪🇺 Stoxx 600: 0.26% 📈 🇯🇵Nikkei 225 Index: 0.66%📈 🇭🇰Hang Seng: -1.24%📉 🇨🇳CSI 300: -0.72% 📉 • U.S. stocks ended higher, with the S&P 500 and Nasdaq Composite up 0.6% and 0.4%, respectively, as investors braced for the Federal Reserve's latest policy decision and a "dot plot" showing the path of interest rates in the coming months. . • The Eurozone ZEW economic confidence index rose 8.5 points to 33.5 in March 2024 (forecast: 25.4), the highest level since February 2022. • Asia-Pacific stock markets were mixed, with the Nikkei 225 up 0.7% after the Bank of Japan's historic policy changes, while Hong Kong's Hang Seng Index fell broadly -1.2% am

Carried by the EV leaders and bullish investment sentiment in Hong Kong and China markets, the famous Chinese EV trio rebounded strongly during Friday's trading session. Let's look into the technical analysis and prediction for these stocks movement next week. Chinese EV Trio - Nio Xpeng Li Nio announced on Thursday that it entered into strategic cooperation with Lotus Technology on charging and swapping. The announcement was made at the 2024 Beijing International Automotive Exhibition. The two companies plan to carry out comprehensive and in-depth strategic cooperation in areas related to charging and swapping, including battery standards, charging and swapping technologies, battery asset management and operations, service network construction and operations, vehicle R&D and customiza

🚗🚗🚗 It was definitely a jackpot week for Chinese EV stocks holders, especially for XPEV and NIO. Now, we are curious whether these EV stocks will continue their uptrend momentum or will experience a healthy pullback this week. Well, I have a mix predictions for different EV stocks.  Let's start with the leader, $Tesla Motors(TSLA)$ , it didn't have a superb movement last week after earnings. Ascending Triangle Pattern The stock had a healthy pullback and formed an ascending triangle pattern. Next week, it will probably breakout and if this valid, it will be another technical entry point. Let's monitor.  Another stock with similar candlestick pattern will be