$Tiger Brokers(TIGR)$ 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 . 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
$TITOMIC LTD(TTT.AU)$ If this is not a winning trade, then I don't know what is. I have tried to share this trade a couple of times. Although there's some viewers but it seems to attract very little 'like'. See my post on 9-May. Not sure why... ๐ฏ also decided that the post was not worth sharing with a bigger audience pool. I respect that decision. Having said that, I would still try my best to attract more ๐ to this company (this is my 2nd post on this today ). I won't give up easily. Why? Let's just say that I sense a big defence bigwig in the making... Not many Australian based firm make it to the big league. I have placed my bets on this, and its fellow 3-D manuf
$GDS Holdings Ltd(GDS)$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
When do you buy? When do you sell? Why buy and why sell? It might sound silly ๐ค but they are the fundamentally most important questions before we even decide to enter a trade. How often have we entered a trade only to regret (especially when it goes straight down)? How often have we sold only for the counters of interest to shoot right up? Finally, how often do we enter a trade we have no idea about, just because somebody else did that? These questions are essential at all times. They are especially important now with the market at one of the most sensitive and insecure times. Obviously, everyone's financial circumstances are different. I can't address every one of them. In fact, since I am not a financial advisor, I have no intention to address any of them. That's not the purpose of this
$BANNERMAN ENERGY LTD(BMN.AU)$ The comeback kid! What do you think? More room to fly? Looking at its charts, RSI indicator is still alright, however in the 3rd chart, which is URA, index for uranium, its secondary chart for RSI indicator is in an oversold position. This brings us to an interesting point. The recent revival of BMN is obviously due to the recovering spot price of uranium itself. For BMN then, even though the RSI indicator is still humming along, I expect a healthy correction to take place. The price just couldn't keep going up. It needs a breather for the price to be healthy. Anyway, its double bottom target has long being surpassed. If you are not in position, you can wait for the pull back before taking a position. Uranium
$WUXI BIO(02269)$ 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 But I just happen to want more than sharing my remark, rather trigger a conversation. Other contributors of similar topics have trigg
Replying to @Barcode:Howโs Tassie? More ๐!?? A ๐ house in Botanical Garden?! Seriously! Thatโs simply hyperbole ๐ ๐ ๐ ๐ ๐ overloading!!! Who goes to Tassie for pineapples ๐?! //@Barcode:$Tiger Brokers(TIGR)$ ๐งง๐น๐ ๐ ค๐ ๐ ๐ ๐ ข๐ ๐จ๐ณ ๐๐งง๐จ๐ณ๐ฆ๐บ๐ ๐๐ฐ $TIGR Profits & Tasmanian Adventures, Trading Gains, Pineapple Dreams & Pademelon Welcomes! ๐ฐ๐๐ Rinse & repeat, because when a strategy hunts this well, only a fool tries to tame the beast ๐ ๐ ๐ ๐คบ๐คบ๐คบ๐๐๐. While some traders stare at their screens, I let my $TIGR profits roll in while I dream of Tasmanian treasures ๐ดโโ ๏ธ๐ฆ๐บ๐น๐๐ด๐ธ Woke up to a juicy $301.81
$Silver Mines Ltd(SVL.AU)$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 ). 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
Replying to @Barcode:I didnโt do a vineyard tour in our trip last year since I am the only driver. Must be niceโฆ Tasmania is indeed beautifulโฆ I hope to revisit it againโฆ but the Great Barrier Reef comes first //@Barcode:๐งณ๐๐น Trading while travelling, just keeping the markets in check while enjoying some Tassie adventures! ๐๐๐ And yes, thereโs been some fruity Pinot along the way, but no worries, Iโm strictly a passenger after that! ๐ท๐๐๐ฆ๐บ๐๐๐//@Barcode:$Tiger Brokers(TIGR)$ ๐งง๐น๐ ๐ ค๐ ๐ ๐ ๐ ข๐ ๐จ๐ณ ๐๐งง๐จ๐ณ๐ฆ๐บ๐ ๐๐ฐ $TIGR Profits & Tasmanian Adventures, Trading Gains, Pineapple Dream
$LIPPO MALLS INDO RETAIL TRUST(D5IU.SI)$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