Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.
One of the most dangerous market myths is that the market always rises over time. To many investors, this underscores the buy-and-hold strategy. Just buy-and-hold and the market will bring you a windfall eventually. Right? Wrong. Unfortunately, this is a pure myth and simply untrue.
Cathay Pacific's posted its best six-month profit in two years on Wednesday, lending support to its shares which were already up nearly 2 percent ahead of the results. While it's easy to attribute the recent stock gains to the Hong Kong flagship carrier's improving earnings, a closer look at the firm's stock chart shows a broad cruising pattern that's unlikey to be significantly altered by earnings releases.
After a terrible 2008, Indian stock markets came roaring back to life in 2009. But as we enter 2010, with stocks becoming more expensive, and fears and inflation and asset bubbles forming in parts of the global economy, where are India markets headed?
Toyota's stock is stalled at the traffic lights and has been for many months. It's convenient to attribute the sluggish performance to the automaker's recent recall woes, but a closer look at the stock's technicals will show the downtrend's been in place for sometime now, although the stock did manage to break out from the descent somewhat last year to take on a prolonged sideways trading pattern.
While Nintendo's earnings have held up relatively well during the financial crisis, the same canno be said about its shares, which has lost a sixth of their value last year, compared to the overall tech sector which staged a spectacular recovery over the same period. So what happened?
The Nasdaq's move above 5132 has sparked concerns that this would signal the end of an uptrend. But chart analysis suggests otherwise.
A period of consolidation has investors worried that the Dow's long-term uptrend has run its course, but charts suggest otherwise.
Oil prices rose as the framework Iran deal offers little chance for a increase in oil exports, but charts suggest it's too early to expect any price rise.
The Shanghai Composite has rallied sharply this year, outperforming its regional peers in the first quarter, and charts suggest further upside is likely.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.