$Tiger Brokers(TIGR)$ Still some way to go... At least according to the chart... There are obviously risks and opportunities involved for ๐ฏ broker. ๐ฏ, as we know, has been building up its community platform through various activities. It has grown its community into a platform of information sharing, as I am doing now [Tongue] . A major risk comes from China as the Chinese legislation has been targeting Chinese money outflow. New law is in the work to prevent Chinese investors from using trading platforms such as ๐ฏ to invest outside China. To be fair, ๐ฏ broker has taken steps to alleviate China's concerns. The question will always be is it enough. Opportunities obviously lie in the platform itself. Tiger broker has been
$Tiger Brokers(TIGR)$ A rising tide (all China rally) lifts all boats... It hits $6.01 yesterday at its peak... According to RSI, Tiger ๐ฏ is probably now overbought. Can China continue its rally? It's Chinese Golden week, so China related stocks are likely to take a breather... For now... To either pack enough energy for the next leg up, or maybe some corrections will set in, to also build energy for the next phase. Will only be able to tell in the next couple of weeks of action... What do you think next? I am likely to sell some Chinese holdings to balance my positions. The current rally has tilted my portfolio a bit.
Beware... And don't chase, no matter how convincing the euphoria might sound... This earning season is unlike all others in short memory. One day you will find crashes, think Tesla, Alphabet and other popular technology companies. Another day, you will also find big upgrades and raising stock prices, think Amazon. There are even some others that shoot to the moon without the need forearning fever, think Bitcoin and all other Bitcoin related companies ($Coinbase Global, Inc.(COIN)$ , $MicroStrategy(MSTR)$ come to mind). This is an unusual time. Prominent wars on two fronts, major economies fighting inflation and ever present fear of recession. For those cryptoc
$ProShares Ultra Silver(AGQ)$As mentioned on the 10 September post, silver ETF, in this case AGQ was on the verge of forming an inverted head and shoulders. As predicted, the inverted head and shoulders eventuals and AGQ made a run towards $26 after hitting the second shoulder at $20. The price of AGQ then fluctuates between $22.65 and 25.92, forming a useful trendline support at $22.65. This support is significant as it helps to build a base for the next upside movement. Interestingly, as mentioned in the last article, a couple of silver miners were looking good for a similar breakout formation. Indeed, this also eventuals. There were a couple of stocks forming double bottom and reverse upwards. Another trend indicator, their respective
$GDS Holdings Ltd(GDS)$GDS is a company that I see a lot of promise but it appears that not many people are as enthusiastic as me. I have written about GDS a couple of times... I have recently taken a small position into the company after following it all the way down! Think the main reason for the lukewarm reception I received from the audience when I wrote about GDS may mainly comes from unfamiliarity, or possibly China-bias, or even China-phobic. I sincerely hope it is the former rather than the latter two. GDS, as I have explained before in other articles, deals with warehousing, or specifically data storage. GDS is simply a operators of data centre. Besides hosting data in China, it has also expanded to SE Asia. In short, GDS is in an uni
$MP Materials Corp.(MP)$ I know I am repeating myself here. I have shared this mining company probably a week or so before. The reason for repeating myself is a reminder of how important staying in the investing game is. I have been building up my position for MP. Materials for quite some time now (see the charts below to tell) through weekly auto-invest. The company is flying pre-market today. Yes, it is not only crypto mining that flies. Physical conventional minerals or resources mining firms fly too given the right conditions. It is simply a tip-for-tat game between US and China these days. With US banning chips sales to China, China has banned rare earth sales to US. I expect to see an escalation of these trade wars when Donald Trump take
Just a quick introduction to this article. I know that gold and silver prices are racing higher as this post is published. Despite the coincidence, this is not my motivation. This post is actually a follow-up post from my first series publication (US pushes China towards world dominance Series Part 5) in ๐ฏ app. Do check the series out if you have not read them. Introduction Solid producing gold and silver miners are still leverage plays on gold and silver prices movement. Most of the time, gold and silver prices rises when USD drop. When gold or silver prices rise, the market value of good gold or silver miners will rise even more. However , not all miners are created equally. If one is concern about the risks from even the strongest miners, there is this group of royalty
$WUXI BIO(02269)$ There is a lot to like in Wuxi Bio. I have been following this company for donkey years but have never committed. Wuxi Bio is one of the largest, if not the largest contract manufacturer in booming China biologics industry. The reason from the earlier non-commitment stems from its previous high price during the 'everything biomedical up' peak COVID pandemic period. It doesn't matter if the biological sciences company is developing a COVID related solution, as long as there is a rumour suffices. Higher stock price leads to even higher prices. This is the natural law of the rich gets richer. A rich valuation attracts more participants to join ๐ฅณ. This high valuation leads subsequently to stock s
Before continuing, just a word of caution. This post contains a couple of ๐ฏ community posts and / or remarks. I can assure you that this piece is original with no attempt for plagiarism. It is a pure discussion piece and not meant to advertise or criticise any contributions from anyone from the ๐ฏ community. The motivation kicks start from a comment from a valuable fellow ๐ฏ community contributor. I must say that my fellow contributor, @LMSunshine is just being kind and just. She is definitely not wrong. Sometimes, it is just about efficiency and effectiveness [Happy] But I just happen to want more than sharing my remark, rather trigger a conversation. Other contributors of similar topics have trigg
$Silver Mines Ltd(SVL.AU)$Silver, just like all things commodities, was not long ago a darling for investors and speculators alike. Now it has become the latest member to be hated and avoided.Not all members of the precious metals group are created the same. Some are more hated than others. Silver, platinum, etc, those with industrial applications are suffering badly along with the other materials associated with growth. Gold on the other hand, suffers relatively mild correction.From charting point of view, the next defense line for silver is $18.8. It is a low not seen for a while. However, with the price of silver hovering close to $19. The support line in fact appears vulnerable. If this support line is breached, there is
$ProShares Ultra Silver(AGQ)$Interesting turn in event since my last update on AGQ. Heavy correction has taken place and the price gap created from the sudden upturn in AGQ price two weeks ago has since been filled. During this round of correction, the lowest price touches $19.41, still above the support line of $19.35. The price has since moved to $20.22 today, a touch above its support trendline of $22.10. It is important to check again if this support trendline can hold. If the consolidation can hold above this trendline, the inverted head and shoulders pattern is still in play. If that is the case, the target price of $33 is still intact. In fact, if indeed proven over time that consolidation of pricing is at play, any fut
$AML3D LTD(AL3.AU)$ After going sideways for sometime, this company looks to be on the move again. As shared previously, defence companies have been on the move lately. Over the last 2 weeks, when it appears that correction has finally taken place due mainly to profit taking activities, the sector simply refused to give up... yet. The major correction started at $DRONESHIELD LTD(DRO.AU)$ after ASX Enquiry over its share price action. Drone shield hits all time high with no announcement or apparent reasons (we all know how speculation works [Grin] [Silence] ). During this time period, $QUICKSTEP HOLDINGS LIMITED(QHL.AU)$ has apparently take
US pushes China towards world dominance Series Part 3
This is a follow up from the first two articles. Readers can follow the theme on its own but it would make more sense if read together. Act 3 - Saudi Arabia Petrodollars and Dedollarisation Joe Biden does not appear to be impressed with Saudi Arabia and its crown prince even before he becomes the US president. However, this behaviour by Biden appears perhaps a little curious. Biden was US Vice President for Obama and the establishments have always shown courtesy if not favouritism towards the Saudis regime. The Saudis has always been an important ally of the US since 1933. The alliance was strengthened in 1973 with the pricing of Saudis oil in USD and began the era of petrodollars. I guess Saudis regime, with the rise of Mohammed bin Salman Al Saud or MBS, posts a different cha
$LIPPO MALLS INDO RETAIL TRUST(D5IU.SI)$Can anyone advise how do I put a bullish/bearish sign on the stock of interest? I have been trying to put it but could not find the button for it.I hold short to medium term bullish for this REIT. Lippo Mall, many may not be familiar. Lippo group has been one of the Indonesian rich and powerful families from the old Suharto era. A lot of these conglomerates, although badly hurt decades ago, are still strong enough to have influence over every day Indonesian lives.Anyway, there are different reasons for short to medium term bullishness. First, from chart perspective, although it is still on the downtrend, which could continue for a while, it is currently lying in an oversold territory.
My favourite semiconductor company is not a real semiconductor manufacturer, since it operates on a fabless basis. I was introduced to Qualcomm about 8-9 years ago from a book I was reading, "The invisible edge", by Mark Blaxill, et al. Qualcomm was founded only in the 80s in San Diego California. It was initially operating at a loss in the 90s till it gave up its manufacturing business. Believe it or not, that was the best piece of business decision for the company at that time. The following year, its business took off! The decision to give up manufacturing means removing the weakest links in its business. To understand this, we need to revisit the history of Qualcomm. Qualcomm was founded by a group of engineers led by Irwin Jacobs. Their first success was actually a patent for CD
US pushes China towards world dominance Series Part 4
This is the fourth follow up article of the 5-part series. Before I start, I thank all readers who have faithfully follow the series of articles. It makes up for the effort and time put in to share my thoughts. With the three parts laying the groundwork, the readers must be curious what they could do to either protect themselves or take advantage of the evolving themes. I have lay this out in a 2-part article so that they don't get too wordy and boring. Actionable themes Deglobalisation / Chip (Tech) Control Chips manufacturing - SMIC is the most obvious beneficiary of both themes SMIC is in no doubt way behind in terms of technology advancement compared to TSMC or UMC, Samsung or even Global foundaries. But, with the help of US government in imposing advanced technology export bans
Q1 this year has a bit of everything. Memory of last year's dismayed market performance still lingering in many people 's mind. With inflation threatening to run away in all major economies, the world major central banks have been busy bidding up their respective interest rates. With a looming recession said to be hovering over the horizon, it is thus quite a surprise that the year began with a bang, especially for China based companies. However, it appears last year's performance will carried over for this year. One thing happened after another. First, the cryptocurrency meltdown with cryptocurrency related firms failing one after another. The rapidly raising interest rates finally took its first banking victim. Suddenly, there is talk of collateral damage across the banking sector, hikin
$Electro Optic Systems Holdings(EOS.AU)$Australian market is closed today for ANZAC day... taking a break from the market slide... [Cool] [Happy] May cooler heads preview when the market opens tomorrow
$AIR CHINA(00753)$ The moment I have been watching and waiting for has finally arrived. I have been watching Air China closely in the last few days as I can see the chart is on the verge of forming something interesting of note. If you take a look at the first chart, in the main chart, you can probably noticed on the right of the chart, the share price of Air China has been doing a'ding-dong', like some sort of a dance. This is known as the typical consolidation phase after a great surge from ยฅ5+ around November - December last year. The surge occurred after the chart completed an inverted head and shoulders pattern and the trend reversed upwards. Such a surge typically uses up a lot of en
Bitcoin ETFs cross the line, as we know it.. at US market close on 10 Jan 2024, to be exact and started their first day of trading on 11 Jan 2024. The price of Bitcoin has recovered spectacularly from 2022's scandals-triggered struggles due to the heightened expectations of Bitcoin ETFs SEC's approval. What does the ETFs approval mean for Bitcoin and Bitcoin related themes? Where will Bitcoin go from here? The SEC's Bitcoin ETFs approval seems foregone conclusion after Grayscale's successful court challenge against SEC in August 2023. Just see how the price of Bitcoin really took off from early September 2023 followed this ruling. It has in fact more than doubled within 4 months! It is obvious that speculators ('investors' to others) have already priced in the approval event. M