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.
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?
If you Google ‘cause and effect’ you come up with a list of millions. It’s a complicated subject, and the relationship between the cause and effect on the Google price chart is just as complicated. It's convenient to associate the recent price pullback with Google’s current dispute with China. However, a closer look at its stock chart would reveal other factors at play.
With gains of more than 70% so far this year, China is the only global market which has showed a true and powerful “V” shaped recovery, epitomizing the return of investor confidence after a dud year that was 2008.
Weaker-than-expected U.S. housing data lifted gold prices from a seven-week low, but charts suggest that investors shouldn't get too excited.
Oil has managed a rebound in the past three weeks. Technical analysis suggests a consolidation is under way, but a firm uptrend isn't in place yet.
New stimulus from the BOJ boosted the dollar-yen in the final quarter of 2014, but as upward momentum wans, charts suggest a test is at hand.
The Shanghai composite one of the worst-performing stock indexes, but charts suggest strong support of the uptrend.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.