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HI-P INTERNATIONAL LIMITED
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WL123456
Supreme |
25-Mar-2019 10:53
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From Reuters
SYDNEY (Reuters) - Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favour on growing worries about an impending U.S. recession, sending global yields plunging. U.S. stocks futures turned negative in early Asian trading with E-minis for the S&P 500 skidding 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent to a one-week low. Japan's Nikkei tumbled 2.9 percent, South Korea's Kospi index declined 1.5 percent while Australian shares faltered 1.3 percent. On Friday, all three major U.S. stock indexes registered their biggest one-day percentage losses since Jan.3 with the Dow sliding 1.8 percent, the S&P 500 off 1.9 percent and the Nasdaq dropping 2.5 percent. Concerns about the health of the world economy heightened last week after cautious remarks by the U.S. Federal Reserve sent 10-year treasury yields to the lowest since early 2018. Adding to the fears of a more widespread global downturn, manufacturing output data from Germany showed a contraction for the third straight month. And in the United States, preliminary measures of manufacturing and services activity for March showed both sectors grew at a slower pace than in February, according to data from IHS Markit. In response, 10-year treasury yields slipped below the three-month rate for the first time since 2007. Historically, an inverted yield curve - where long-term rates fall below short-term - has signalled an upcoming recession. "We have re-run our preferred yield curve recession models, which now suggest a 30-35 percent chance of a U.S. recession occurring over the next 10‑ 18 months," said Tapas Strickland, markets strategist at National Australia Bank. Typically a 40-60 percent probability sees a recession within the next 10-18 months, Strickland added, basing the analysis on previous recessions. "The risk of a U.S. recession has risen and is flashing amber and this will keep markets pricing a high chance of the Fed cutting rates." As bonds rallied on Monday, yields on 10-year Japanese government bonds slumped to minus 8 basis points, the weakest since September 2016. Australian 10-year year yields plunged to a record low of 1.756. POLITICAL HEADWINDS Much of the concerns around global growth is stemming from Europe and China which are battling separate tariff wars with the United States. Politics was also in focus in the United States and Britain. A nearly two-year U.S. investigation found no evidence of collusion between Donald Trump's election team and Russia, in a major political victory for the U.S. President. The long-awaited Mueller report into whether Trump's campaign colluded with Russia to help Trump defeat his Democratic opponent, Hillary Clinton, marked a major milestone of his presidency as he prepares for his 2020 re-election battle. Political turmoil in Britain over the country's exit from the European Union also remains a drag on risk assets. On Sunday, Rupert Murdoch's Sun newspaper said in a front page editorial British Prime Minister Theresa May must announce on Monday she will stand down as soon as her Brexit deal is approved. The British pound was a shade lower at $1.3189 after three straight days of wild gyrations. The currency slipped 0.7 percent last week. In currency markets, the Japanese yen - a perceived safe haven - held near its highest since Feb. 11. It was last flat at 109.95 per dollar. The Australian dollar, a liquid proxy for risk play, was down for its third straight session of losses at $0.7073. In commodities, U.S. crude fell 33 cents to $58.71 per barrel. Brent crude futures eased 24 cents to $66.79. |
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limthomas26
Senior |
25-Mar-2019 10:35
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The trend is moving down.Do trade with care. Good luck | ||||
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WL123456
Supreme |
25-Mar-2019 10:32
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HSi down 500 points .:( | ||||
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limthomas26
Senior |
25-Mar-2019 10:31
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Yes I agree. Alot of uncetainty and should not park the money there if not confirm with ??? | ||||
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WL123456
Supreme |
25-Mar-2019 10:26
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I don?t doubt what you say but all this will take years to happen . I will be into thsss stocks again once the dust settles . I don?t like to park my money for years .
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WL123456
Supreme |
25-Mar-2019 10:23
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During a downturn , no way can stocks do well when profit margin are falling . Don?t fight the broader mRket trend . Cut loss if u must or have the chance . No point being stubborn. Now it?s inverted yield curve , next it?s brexit . A disorder brexit will throw eu in chaos . And with trump openly suggesting the tariff to stay for China and some trading partners , the current trend is negative . Ask yourself , how many times you challenge the trend you won ? You can also clearly see the media playing the role of a flamer. Once the negative news run , they pour in more . Good reason to let u know why billionaires want to own media companies .
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s100125
Elite |
25-Mar-2019 10:16
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AI and robotics technology likely to take root during the next major economic downturn, when technology-inspired restructuring in jobs tends to take place. One of the sleeper issues is the role of big technology companies such as Huawei and the big five technology companies in the US, they are likely to gear up their research driven by AI and robotics even if there is a downturn.
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WL123456
Supreme |
25-Mar-2019 09:51
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Dude , if recesion how can it be a good year lol. Indices will crash through . Currently Nasdaq is down 50 points . Later when HS open , maybe more jialat ,
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s100125
Elite |
25-Mar-2019 09:47
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Recession or not, 2019 will be a good year for tech sectors. With China and the US fighting for supremacy on technologies like AI and 5G, tech stocks should continue to be a safe bet. |
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limthomas26
Senior |
25-Mar-2019 09:45
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It is a speculative stock. Not for the weak heart as it can move up or down very fast, more than $0.1 up or down within a day. Do take with care. Good luck |
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WL123456
Supreme |
25-Mar-2019 09:40
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Forget to add that Heikin Ashi is showing a Long red candle bar for today . Those who with the Heikin Ashi chart can take a look. This signify a change of trend maybe on the horizon . Next few days will know the outcome of the trend. But based on past HA chart, high chance trend will change . Take care for the longs. | ||||
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WL123456
Supreme |
25-Mar-2019 09:24
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Outlook : will be Super bz so write a quick one but please take care as the market outlook is grim. Inverted yield curve shows imminent US recession although no guarantee as need to be further confirm by other data, Currently, US indices futures are in deep red . props confrm to go short today though the powerful ones can hold their stocks if they want since interest rate is on hold. However please note that the media will wash the negative news in tandem. Weak growth in US , China and EU, impending US recession , brexit , increase in CLOs etc . Looks like a concerted effort to bring Trump down . Looks like better to go short for now as all points to a negative setup short term. Positives include Trump show hand by concluding US China trade deal with no tariffs on China exports though China holds the upper hand as they know Trump is going for election next year and will need to 2 quarters at least for the policy to take effect so that voters feel it . ( immediate for Wall Street but not so for Main Street) I can foresee next few days will be mostly negative news all the way.
For Hi p, $1.62 must hold. If drop below $1.62 , must cut . My opinion is of everyday day , more negative than positive news , then downward pressure on price will persist . Practicality : currently price is supported at $1.62. No carnage at the moment . Some big prop is holding the price . For how long, it?s anybody?s guess. If they decide to throw in the towel , next support is $1.53. Good luck and be blessed . |
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ahhuat08
Elite |
22-Mar-2019 19:06
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Chartnexus doesnt hv,
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WL123456
Supreme |
22-Mar-2019 18:00
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There?s a lot of platform offering it . Most brokerage also offer it in their platform .
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ahhuat08
Elite |
22-Mar-2019 17:14
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Ok got it, its in shareinvestor.com.
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ahhuat08
Elite |
22-Mar-2019 16:55
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May i know which platform offers this heikin ashi candle stick? TIA
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WL123456
Supreme |
22-Mar-2019 16:33
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Relying 3 bro msg:
Heikin Ashi difference from normal candle stick is that it filter out noises and let investors/Traders have. A smoother chart. It?s more of an accurate reflection of the current trend . And al I can add is that the current trend for hi p is still uptrend . However , the current trend doesn?t support contras . Those with holding power can participate in the uptrend with less worry . |
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bicycle
Member |
22-Mar-2019 16:16
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Yup, prohibited, its a criminal offence to naked short in HK. | ||||
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chanbs
Elite |
22-Mar-2019 15:30
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well supported well absorbed  matter of time ....  |
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WL123456
Supreme |
22-Mar-2019 15:09
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You cannot short sell a share in HK without owning it .
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