Heroic Lifesaver

Total Assets

Ranks in the top 2% of account holders by total assets Calculated based on your Longbridge (Singapore) A/C

Rate Of Return

Ranks in the top 2% of account holders by rate of return Calculated based on your Longbridge (Singapore) A/C

4Following
85Followers
24Badges
630Likes & Favorites

Looks like the AI trade still has some legs left. AMD has delivered and I am waiting for ARM’s earnings later to see what she has in store. Still defensive overall.

$Sandisk(SNDK.US)

Sandisk has traced the pattern I mentioned in my earlier postings to a T. And she has already reached the upper limits of the levels I stated earlier as well in my posts.

I believe this is where she will peak and a bigger pullback is on the horizon with awesome prices to go along. I will share more specifics later God willing. As a teaser, she might retreat to as low as the 600 levels.

Some might not believe that is possible but that was probably what some believe also when I quoted these price levels in my earlier posts.

And as a gentle reminder, these are NOT predictions. Analysis shift as sentiments shifts indicated by price action.

It’s all about reading sentiments and quantifying them.

Stay safe!

@Bridge Buzz SG

I am sticking to AI hardware such with a lean towards accelerators and optics which I believe has another swing higher into the week probably off the upcoming results. Still defensive though overall. Stay safe!

$NVIDIA(NVDA.US)

It’s another new week of discussion. Nvidia is still not participating in the semiconductors’ rally. SMH has gone on to new highs whilst Nvidia has not moved much above its ATH. This negative divergence has me rather wary and defensive. Until her price action proves otherwise, Nvidia remains as a placeholder.

Stay safe!

@Bridge Buzz SG

AI earnings should provide enough impetus for a sustained rally into this week for certain AI names with bullish setups. However these are ending waves and I remain defensive. Stay safe!

Week 2– My Portfolio Health Check

A weekly recap of my portfolio.

As can be seen, this week I added ARM and AEHR to my portfolio as momentum counters.

These names are in bullish setups along with AAOI but might be nearing the end of their up trending waves.

As such tight stops apply and I remain defensive as a whole.

@Bridge Buzz SG

$Micron Tech(MU.US)

Micron is the flavour of the day. I believe she is now truly in her ending fifth wave rather than a B of fourth. This rally now resembles more of a five wave pattern on low volume but in a bigger third wave.

So what comes next should be a bigger fourth wave pullback which will provide awesome prices!

The lower target of this ongoing wave has already been reached at 497 and all waves look accounted for so for risk averse personnels, this is where you alight!

For the thrill seekers, 574 is my upper target with a blow off target of 670-718 for the skydivers.

The 670 target is a really low probability event but that’s a charting possibility and this market is really unpredictable! Parachutes recommended on at all times for those who are targeting that!

I have already disembarked this ride and awaiting better prices and keeping a very small amount as a placeholder.

Follow me for ongoing updates.

@Bridge Buzz SG

$AMD(AMD.US)

Today we talk about AMD.

Good news is I believe she is in her fifth wave now rather than a B wave of a four. The price action resembles more of a five wave move than a three and AMD might have completed or is completing the fourth wave of a bigger fifth wave.

The target I am looking at is 370-400.

Earnings are around the corner and that may act as a catalyst. Let’s hope she takes corners like Arsenal does and scores.

Come on you Gunners! 😁

@Bridge Buzz SG

AI humming along as expected and will continue to do so being early in its development still. Now if only the responsible people get a hold of themselves and prioritise peace over their big heads and egos…..

$NVIDIA(NVDA.US)

Ever since my post on Nvidia two days ago, Nvidia has gone on to a new high.

So question is: Is this new high a bullish resolution and does it change my outlook?

To answer those questions, I just have the following two outcomes on the table.

1. Still a B wave as an expanded flat until 225 is comprehensively and soundly cleared. Which then brings outcome 2.

2. A fifth wave which will end a huge five wave pattern which means a bigger pullback is on the horizon.

So whichever direction it takes, better prices ahead.

Stay safe!

@Bridge Buzz SG

Markets do not move in a straight line and narratives provide a convenient excuse for what it does. Looks like tech is in a fourth wave and might start its fifth wave soon and narrative believers will use wonderful earnings to explain why markets are going up next!

$Sandisk(SNDK.US)

Let’s discuss Sandisk today. A memory market darling and tracking the charts nicely. She has already extended her fifth wave. Will she continue rising? The momentum is strong with her but I think the upper limit is 1180 thereabouts especially if market blows off into early May.

Stay safe!

@Bridge Buzz SG

I think what the markets want to see is how well are the giants monetising AI and if that is being reflected amongst the rapid infrastructure build out. Whoever does that the best will get the markets’ vote!

Back and forth posturing again between US and Iran. It has been going on for a while and yet the market behaves like it’s new!

$NVIDIA(NVDA.US)

A new week to talk about the usual counters. Nvidia is one name that does not need introduction. Big cap big influence.

So where is she one week after I last talked about her? Still no new highs despite SMH on a roll? Not leading the market after all eh is she?

And that 5 waves off the March lows qualifies as a C of the B unless she starts on a rally of her own from here.

Stay safe!

@Bridge Buzz SG

Well not surprising isn’t it that MAS did what it did. It was just the responsible thing to do with the impending uptick in inflation.

Week 1 – My Portfolio Health Check

The markets are in a phase where I do not want to hold too much assets overnight. So I have shifted to an ultra defensive mode where I leave minimal holdings in positions.

And my portfolio reflects that positioning where I track strong names both fundamentally but especially technically with this being a sentiment driven rally.

I am more an investor than a trader. However these condition necessitate a nimble posture hence fast in fast out positioning where I still participate investing in stronger names but do not dwell on them too long as I believe valuations are quite stretched at the moment and I am expecting a pull back pretty soon which will be a massive opportunity.

Stay safe!

@Bridge Buzz SG