$AML3D LTD(AL3.AU)$ The reason for sharing this company AGAIN is simply as an update on the price action. Corrections have set in last week for various companies post Donald Trump's victory rally. AML3D has seen similar rally but I do not think it is Trump related. As mentioned in an earlier post, the uptick in interest seems to be related to a recent proposed acquisition of $QUICKSTEP HOLDINGS LIMITED(QHL.AU)$. Fellow defence related company, $TITOMIC LTD(TTT.AU)$ , which I am also holding, has also observed a revival of buying interest. Looking at the main chart, as I mentioned in an earlier post, I had expected a price target for AML3D of 26 ce
I am going to share upfront a controversial statement. For Elon Musk, it's not about Donald Trump, never was... Rather, it's about Elon Musk himself... Yet it's all about Donald Trump... Facts: 1) By now, we all know Donald Trump is going to be the next US President. 2) Elon Musk has positioned himself at the front of Donald Trump's election campaign. 3) Donald Trump has appointed Elon Musk to co-lead a new department, called the Department of Government Efficiency (DOGE - aka the acronym for cryptocurrency, Dogecoin, created to make fun of crypto mania), for the sole purpose of cutting federal budget. Elon Musk is obviously an intelligent being and requires no introduction. Between Harris and Trump, the choice is clear, as far as Elon Musk is concerned. Donald Trump, no matter
$AML3D LTD(AL3.AU)$ Moving back up... you can see from the green line I have drawn near 19.6 cents, breakout has occurred last Friday and the price action has moved the chart nicely to 22 cents currently with an increasing volume (see chart 3). Chart 2 also shows a higher highs and higher lows formation all the way from the corrected low of 11.5 cents around September period. A word of caution, RSI shows considerable strength at 83 might signal some overbought sentiments. However, looking at what is going on with bitcoin and other cryptocurrencies front, there is perhaps a lot more foams that could go into the system before any significant correction sets in. The breakout has just occurred, so I would expect the uptrend to be intact. 19.5 cents
$ProShares Ultra Silver(AGQ)$ Uptrend since hitting $30.32. With US Presidential election, possible escalation of war in Middle East and further complications from North Korean Army entering Russian-Ukrainian war, the world just can't seem to take a break from risk and uncertainty. Gold and silver are still the goto safety hedge in times of crisis and uncertainty. Bitcoin has been touted as the new digital gold, however given its volatility, it will remain speculative and reserve for the gamblers, or speculators... for now. Correction might have set in lately for both of these precious metals, as long as the uncertainty holds, I expect the uptrend for both to be intact. With gold/silver ratios still favou
Looking at the comments, looks like a 50-50 for both candidates [Cool] I think it would be a close call. Would be surprised if otherwise. US has a democratic system that doesn't need its citizens to vote, as voting is not compulsory. It is not about who is more popular with American eligible voters, rather who is voting. In US politics, there are the true blue Democrats and Republicans, the swinging masses (who actually votes - maybe we can also called them the one-in-every-4er years influencers, or disrupters, depends on who you ask [Facepalm]), the occasional Democrats and Republicans and the political turnoff'ers. Among the group, the turnoff'ers and occasional Democrats/Republicans comprised one of the largest group. That's why in US Presidential elections, the turnout rate is always
$Direxion Daily 20 Year Plus Treasury Bull 3x Shares(TMF)$ Is the rate going to go down? Apparently not... At least not yet... If you wonder what is going on, the market is positioning itself for a higher inflation post US election with a Donald Trump's victory... A tariffs policy against all nations, friendly or otherwise, is a recipe for disaster. While bringing additional revenue for the government, given US has little manufacturing, these costs will inevitably be passed on to the residents. Higher pricing brings inflationary pressure to the economy. The country and people suffer as a result. Inflation means rates hike instead of rates cut! That is indeed a concern for Treasury funds like this. I bought in anticipation of more
$TITOMIC LTD(TTT.AU)$ Can't remember if I have shared this. Could have BEFORE taking a position, but not AFTER taking a new position. It is a new kid in my portfolio. If you have followed my trades, you would have known defence sector is one of my favourite. I had shared $AML3D LTD(AL3.AU)$ and $ELECTRO OPTIC SYSTEMS HOLDIN(EOS.AU)$ positions previously. Titomic or TTT, similar to AML3M, is a player in additive manufacturing or in layman's terms, 3D printing. Obviously, it's in defence sector, and like AML3M, US defence is one of its customers... I have also shared 2 charts. RSI is taking off gradually and nicely, while
$Direxion Daily FTSE China Bear 3X Shares(YANG)$ New kid on the block... I bought this, then sold the same day for a small loss... As a test... After studying its chart, I realised a very likely reversal pattern might be forming. When I decide to go back into taking a position, there are a couple of things that go into my decision. They might not be the same for anyone, but if you are in similar situation, you could consider taking a small position. Allow my quick sharing herein: 1) I knew there's a meeting on Saturday and likelihood of more stimulus package from Chinese government is 50:50. 2) I have a substantial individual Chinese holdings. 3) YANG, opposite to YINN, is a 3x leverage but in the 🐻 or down direction. 4) Various secondary ch
$Direxion Daily FTSE China Bull 3X Shares(YINN)$ I leave this image for memory... A bull riding that I just did... And take profit when it is time. Perhaps I am running early, maybe I am right. I won't know for now... Discipline calls... YINN has done me proud even if it losts a hefty 30% today alone... Knowing when to cut and run is difficult. It is a skill that needs a lifetime perfecting... Will close my Auto-Invest position for this counter and enjoy the party on the side, knowing that I should not regret my today's action either way...
Chinese back from golden week holiday. In theory , the index should go down… that’s normally how it works, especially if there is no new measures to encourage spending or boost economy . Having said that, I still go for green (5-10%) as I suspect another confidence boosting round is around the corner. The market expectations are not met, prices will simply crash. That is not what President Xi likes to see…