The China A50 rose over 20% from it January low to earn its 'technical bull market' status. Yet prices couldn't quite reach 13k before embarking on a -7% retracement over the next four weeks. Yet with it showing early signs of stability above support zones, perhaps a swing low is near - if not in place already. The daily chart shows a bullish engulfing candle on...
We are currently experiencing a phase of stagnation with Alibaba, as the stock remains in a new accumulation phase after breaking out of the previous one. The price might retest the Point-of-Control along with the trendline that was broken during the breakout, potentially providing a good momentum boost. Despite the sideways movement, our position remains...
Tencent is currently moving sideways. We believe that the price is currently building up momentum and should continue to rise soon. Finally, we expect the magenta wave (3) to end above the HK$416.60 resistance.
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NIO, a stock we've previously analyzed and profited from, remains highly volatile and is currently trending downwards. From its all-time high of approximately $67, it has plummeted to $5.21. This drastic decline occurred over just a bit more than three years, which is relatively short in the stock market. Several factors contribute to this volatility. Firstly,...
CN50USD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 12400. Momentum is flat, highlighting the lack of clear direction. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 12500 will confirm the bullish momentum. The measured...
NYSE:NIO Record Delivery Expectations: NIO shares soared over 9%, hitting $5.40 on record delivery expectations. Analysts foresee surpassing last year's high due to discounts. This indicates a positive market response to NIO's potential performance, which could lead to a higher stock price. Market Sentiment: The market's response to NIO's earnings reports...
USD/CNH: BofA’s Caution, JPM’s Warnings Bank of America (BofA) has expressed caution about betting against the US dollar in the face of recent improvements in sentiment towards China's economic policy stimulus. Recent policy actions by China have sparked optimism, leading to a weakening of the USD. However, BofA advises against making hasty financial moves based...
For the Chinese stock JD.com listed on the Nasdaq, we observe a significant pattern. Initially, we had a prolonged sideways movement that concluded with an initial surge, establishing the current resistance zone. This zone held twice before the price fell through. Starting from point X in our Elliott Wave count in November 2018, we saw a rapid increase of...
Is of the Shanghai composite. A beautiful HVF is nearing pattern triggering,. Early accumulation is probably warranted! Isn't now the most bearish FUD, over the Chinese economic miracle you have ever seen in a lifetime. The chart is telling a different story of consolidation of its extreme growth and continuation of it's remarkable rise. A quadrupling on...
If you haven`t sold JD before the previous earnings: Then analyzing the options chain and the chart patterns of JD prior to the earnings report this week, I would consider purchasing the 35usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $1.29. If these options prove to be profitable prior to the earnings release, I...
CN50USD - 24h expiry Price action has stalled at good support levels and currently trades just above here (12550). Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 12650 will confirm the bullish momentum. The measured move target is 12800. We look to Buy at 12550 (stop at 12450) Our...
Dollar Index TVC:DXY on the cusp of making a major move TA speaking ; (100.8 or 110) - To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh). - Either falling off a cliff headed in to re-visiting Range Bottom of 100.82...
- While ECONOMICS:USIRYY numbers remain inflationary, having the latest increase to 3.2% on August 10th, on the other side of the World from the second Global Superpower, ECONOMICS:CNIRYY came Deflationary at negative 0.3% on 9'th of August, just a day prior to numbers of ECONOMICS:USIRYY . Note that The Head of Federal Reserve, our pal Jerome Powell,...
Is Tencent Stock a Buy Now? Tencent posted its third quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.8 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit rose 1% to 39.9 billion yuan ($5.6 billion). On an adjusted basis, which...
Fundamentals & Sentiment HK50: - China recovery, based on PMI and GDP QoQ - The latest China Trade Balance printed decently above the previous one (although below consensus) USD: Yesterday's cooling US labor market, based on Initial Jobless Claims increase Technical & Other *Chose HK50 instead of ChinaA50 because of smoother price action; eventually HK turned...
CN50USD - 24h expiry The trend of higher lows is located at 11800. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 12800 will confirm the bullish momentum. The measured move target is 12900. We look to Buy at 12650 (stop at 12550) Our profit targets will be 12900 and 12950 Resistance: 12800 / 12850...
CSI has honored the significant demand zone, suggesting a potential continuation in the rally. The price respecting this highlighted zone coincides with the formation of a bullish flag on lower timeframes, further bolstering our bullish expectations. Notably, a bullish breakout has been confirmed on the formed flag, potentially leading to a rally with the creation...