As the Chinese economy was slowing even before the lockdowns, the strict lockdowns put a lot more pressure on the CNH/CNY. This created a huge divergence in the policies of the Fed and PBoC, as one was hiking and the other was cutting. For quite some time the USD was going up against most currencies, except the CNY... until one day the market fully reversed and...
This stock is often overlooked
It is a part of Nifty-50, and major weightage in Nifty-Metal Index as well.
It seems it is time that we get our eyes on this counter again
The line drawn in the chart is a regression line for Coal India. It is downward sloping currently.
But notice that price has closed above the regression line on the weekly charts.
If we see the...
Hi Elliotticians, USDJPY is trading impulsively bullish on the hourly time frame. I am tracking a bigger, five-wave move, where price is currently unfolding a wave 3 of this move, and its five-wave sub-structure. Wave 3 can be in final stages, as latest recovery from 124.76 lvl. can already be labelled as sub-wave v of 3, with Fibonacci projection targets of...
Good Day Fellow investors!
When looking for a company that is
1. Globally Diversified
2. Highly undervalued from a free cash flow perspective
3. Has decent growth potential (Over 10%)
choices are limited! However Modern Dental does meet all of these criteria..
1. Revenues are globally diversified with about 35% coming from Europe 25% USA and 40% Remainder...
Hi everyone!
I am looking for price to sweep asia highs and trade into a previous orderblock area, price has shown a reasonable level of comittment to the downside and i feel that we might get this entry in the next few days, otherwise it might just leave us behind!
Is anyone else considering this??
It was disappointing that the 21.90 lateral support didnt hold, but I held onto my positions as the significant weekly 20.80 support was still in tact. As long as we remain above 20.80 the set-up remains bullish and could potentially be building up to form an inverse head and shoulder which will be confirmed with a break above 23.50. I continue to hold
Asia Corporate spreads have been widening vs. Emerging Market Corporate OAS at the highest level since 1999. Any bounce in Asia must be led by Credit which is missing
We have been keeping an eye on this potential continuation rectangle for a while. The break out of the downward channel is bullish and I will further add to my current holdings. There is resistance at 23.35, but above there we could see a significant break higher. But for now... taking it level by level
FOREXCOM:EURGBP EURGBP bearish run is getting exhausted, the RSI Indicator shows a bullish rally and also an uptrend on the weekly chart on the currency pair, which is against the price movement.
EURGBP pair price is making lower lows ,while the RSI Indicator is making higher highs.
OANDA:EURGBP EURGBP bullish run might extend to 0.87448.
On the fundamental...
I picked the timeframe of the superior uptrend and downtrend of Momo and draw the same sideways formation before the big jump 2015-16.
And what a surprise, there are similarities about the price action.
1. IPO prices sinks
2. Rises back
…and so on
Momo is a free social search and instant messaging mobile app for Millions of Chinese people. The app allows users...
In February I highlighted the bearish RSI divergence and said I would like to accumulate around 25. Frustratingly I was too impulsive and started averaging in too soon. This ETF is now at a make or break level on the weekly - either we get a successful bounce and re-test of the neckline here OR it was a false break higher that sucked in the bulls (like me). Time...
I was hoping VAPX would follow VGER and VHYL as they had similar patterns, but there has been a lack of follow through. I will continue to hold my positions whilst above 21.95 - but will look to exit below as a daily close below that red lateral support will trigger a double top.
Chinese stocks have been beaten up tremendously I think its over done Good time to buy BIDU given the stock just bounced on support. Baidu provides internet search services primarily in China (Chinese Google). Last week Bidu launched China's first fully driverless robotaxi service. 25x P/E is relatively cheap for a self driving play like Bidu when you consider the...
