Industrial Commercial Bank of China. My only full Analysis.
My only full analysis.
Industrial and Commercial Bank of China(01398.HK)
For example, capital $1000
Chart Pattern.
The bottom is likely to be in established in 2016 because we can clearly see another “ABC correction” completed on the chart. This time creating a higher low. Also, with positive trade war news and rates lowered, we could see a confirmation of a trend reversal.
(Top Indicator)
MACD is about to cross and provide a green dot, signals to trading algorithms machines to go long.
(Bottom indicator)
Furthermore, I’m predicting the RSI to breakout once the stock price can break the 6 dollar mark. This will indicate the trading algorithms machines to “go long” because it will break resistant level on the RSI.
( How I would buy and sell this stock. )
I will go 25% in ($250) with my initial capital if the stock can close above the 21 month moving average (green line) currently sitting at 5.77 price level. If it breaks 6, I will go the rest of the 75% ($750). Long Term target 7.50-7.51. stop loss at 5.17.
Last time the stock is above the green line was in February 2017. That was the start of an uptrend. Currently, TD sequential (numbers can the above) suggests this is possible.
My aim is not to make money in stocks, my aim is to become world class at technical analysis. I want to become one of the best in the world by 2030. 70%-90% of the time correct.
“I can still make money if I am late to an uptrend or downtrend (Go Short), but I can’t make any money if I am wrong”. Tone Vays.
Industrial and Commercial Bank of China(01398.HK)
For example, capital $1000
Chart Pattern.
The bottom is likely to be in established in 2016 because we can clearly see another “ABC correction” completed on the chart. This time creating a higher low. Also, with positive trade war news and rates lowered, we could see a confirmation of a trend reversal.
(Top Indicator)
MACD is about to cross and provide a green dot, signals to trading algorithms machines to go long.
(Bottom indicator)
Furthermore, I’m predicting the RSI to breakout once the stock price can break the 6 dollar mark. This will indicate the trading algorithms machines to “go long” because it will break resistant level on the RSI.
( How I would buy and sell this stock. )
I will go 25% in ($250) with my initial capital if the stock can close above the 21 month moving average (green line) currently sitting at 5.77 price level. If it breaks 6, I will go the rest of the 75% ($750). Long Term target 7.50-7.51. stop loss at 5.17.
Last time the stock is above the green line was in February 2017. That was the start of an uptrend. Currently, TD sequential (numbers can the above) suggests this is possible.
My aim is not to make money in stocks, my aim is to become world class at technical analysis. I want to become one of the best in the world by 2030. 70%-90% of the time correct.
“I can still make money if I am late to an uptrend or downtrend (Go Short), but I can’t make any money if I am wrong”. Tone Vays.
Trade closed: target reached:
It was good for a short term trade. I would not hold this stock now because of the virus.