Lifebranz

@Jason : below is how I see Lifebranz. Close to 6months of accumulation before it even started moving @ the start of this year.






Comments

Post a Comment

Popular posts from this blog

USD / Gold / Alibaba / FX Options

Image
Gold 1) We witnessed the break of the $1,200/oz psychological support for Gold last week as price action accelerated on the downwards momentum after the psychological break. 2)Gold looks poise to record yet another monthly loss, matching the milestone in 1996 when the yellow precious slumped for a record of 5 consecutive months as well, though degree of drop was different. 3)Gold investors has been struggling tremendously on the back of the rallying USD as status of safe haven currency/asset is being questioned during this period of heighten tension of geopolitical risk. 4) Non-commercial COT positioning also hit extreme bearishness, going into negative territory for the first time in  17 years  [ see chart below] (Bloomberg) China Tech/ Alibaba 1)Last week we saw some of the China tech names exhibiting some form of rebound after dismal earnings from Tencent in mid-last week dragged Chitech space even lower initially. Stocks like Baidu and Alibaba traded ...
Read more

NZDUSD / USDCAD

Very Quiet week as market awaits a slew of Central Banks meetings, BOJ/BOE/FOMC/G20 and not forgetting the Dutch election risk today. I am currently looking at just 2 charts which I thought they are at interesting levels. NZDUSD : No 3 red weekly closes since 2015 June. As seen on chart below, since June 15, each 2 consecutive of weekly losses in NZDUSD was met with a positive close on the following week. History to repeat? Risk : More hawkish FOMC meeting/dot-plot could see NZDUSD back below 0.69 and test its Dec low in 2015. Disappointment in NZD GDP q/q on Thursday will be key as well. USDCAD/Oil : WTI pieced through the important 200 days moving average after the break of a rising wedge. While the oil selling momentum is strong to the downside, USDCAD is currently close to the key psychological level of 1.35 with a possible triple top formation. Gut feel is that we will trade above 1.35 this week and could find a better short level then. From the option marke...
Read more