Hello Traders and Investors, today I will take a look at Alibaba . -------- Explanation of my video analysis: Almost a decade ago Alibaba stock retested a strong support at the psychological $60 level and reversed significantly towards the upside. Just a couple of months ago Alibaba stock once again retested this support and created an anticipated reversal....
Hi Realistic Traders, let's delve into the technical analysis of NYSE:BABA ! On the weekly chart, BABA is making some exciting moves! It's broken out of a falling wedge pattern, forming a bullish candlestick with a long wick right on the EMA 34 line. But what really caught our eye? The significant volume spike, more than double the average. Now, why does this...
When we looked at the China A50 index (CN50) last year (December 21 2023, see chart below), we got the best buy entry possible on more than 1 year span: Our long-term Target at the time of 13000 is almost hit but it now time to re-evaluate our perspective as the index not only hit the top of its almost 2-year Falling Wedge but more importantly made contact...
Hello Traders and Investors, today I will take a look at Alibaba. -------- Explanation of my video analysis: Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At...
Tencent Holdings, ( NYSE:TME ) the Chinese multinational giant, has announced the release of its highly anticipated mobile game, 'Dungeon and Fighter: Origin'. Developed by Korean company Nexon, the game is a mobile adaptation of the popular computer game 'Dungeon and Fighter', which is considered to be one of the world's most profitable computer games. This...
For Tencent Holdings, we currently believe we are in an overarching Wave III, which should be created with a 5-wave structure upwards. This should naturally extend far beyond the Wave I level at the all-time high of 715 HKD. We anticipate a rise to at least 1338 HKD for this overarching Wave III. Wave II concluded at 188.6 HKD. Zooming in, we see that we are...
For another interesting Chinese stock, we're looking at the mobile phone manufacturer Xiaomi, trading on the Hong Kong Exchange. Hence, we're dealing with the Hong Kong Dollar, not the US Dollar. Overarchingly, we are also in a Wave III here. Wave II concluded its correction with a double bottom at HK$8.28. This chart adheres well to the Elliott Wave structure,...
Wuxi Biologics (2269): HKEX:2269 Wuxi Biologics, a Chinese biotech research company listed on the Hong Kong Stock Exchange, presents a complex investment scenario. It's crucial to note we're dealing with the Hong Kong Dollar, not the US dollar. The comprehensive analysis on the weekly chart suggests that since June 2021, the company has been undergoing a...
JD.com (NASDAQ: NASDAQ:JD ), the Chinese e-commerce giant, has emerged victorious in the face of economic headwinds, defying expectations with impressive fourth-quarter revenue figures that have ignited a surge in investor confidence. With shares soaring 15% , JD.com's strategic maneuvers and resilience in a challenging market landscape have captured the...
This chonk has been talked about alot. Because we are all trying to figure out why the 2nd amazon of the world has been beat down so bad. So, here we are, with a beautiful and crystal clear line in the sand thick neck line. Break that neck line, confirm the pattern, off to the races. 125 target long term ,then reestablish a view. ||Chart is inverted.
In a recent filing with the Shenzhen Stock Exchange, BYD Co. ( NYSE:BYD ) announced a robust surge in its 2023 net income, projecting an increase of 75% to 86.5% compared to the previous year. Despite this impressive growth, the company fell short of analyst expectations, sparking a 5.44% drop in NYSE:BYD shares and extending losses to roughly 37% over the past...
I don't usually post trade setups that include eliott waves, however this one is really captivating. MOMO completed a 5 wave Impulse from its low before recently completing an ABC correction where the second wave completed at a perfect bearish bat, and then the wave hit its measured move below the key support level. The correction waves bottomed out at a key...
The China A50 index (CN50) has been trading within a Falling Wedge pattern since July 2022 and more recently in particular hasn't been able to break above the 1D MA50 (blue trend-line) since September 08. That bearish sentiment may be coming to an end as the 1D MACD is about to form a new Bullish Cross in the same order as the November 01 2022 Low. This could be...
The Chinese MNC had displayed its last big impulse move in Oct.2022.In this move(labeled wave 1) the Chinese giant gained 106% between Oct.2022 till Jan.2023. Between Jan.2023 to May 2023 the stock got into wave 2 correction and corrected 61.8% of the wave 1 rally(the correction was an Elliot wave zigzag). The stock displayed a bit of strength again on the...
After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result,...
The bulls were able to push the Hang Seng Index significantly higher on Friday, moving it further away from the yellow trading range between 17,424 and 15,571. However, we still expect the price to return to this area as part of the magenta wave (2) to make a lower low before the reversal occurs. That said, given the price action so far, we have to increase the...
The China A50 index (CN50) is trading within a Falling Wedge pattern and on the larger picture a Channel Up with its Higher Highs being on June 09 2015 and February 16 2021. The price is now closer to the Channel Up bottom and the pricing of a new long-term Higher Low (bottom), which already makes it a great buy opportunity. Of course the most optimal level to...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...