Above the 40 (November 2, 2018) – The Bounce from Oversold Survives An Early Test
November 4, 2018 by Dr. Duru
AT40 = 22.0% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period
AT200 = 31.6% of stocks are trading above their respective 200DMAs
VIX = 19.5
Short-term...
Technical Analysis:
1. KWEB (Chinese Internet ETF): Expect a relief bounce here for Chinese Internet stocks ( BABA BIDU JD ) with a Hong Kong ( HKDOW ) & Shanghai ( DJSH ) market rally.
a. Holding 200weekSMA and 50monthSMA support here at $44 with record volume twitter.com
b. Very oversold on weekly timeframe
c. Strong price support at...
Directional Bias: Long
Price Target: 175
Good Entry: 138-144
Risk/Reward: $5 max risk - $20 reward
If we see an opportunity at 138-144 area,we should take it with a risk of $5 a share. A nice short squeeze can get price back to 175 in quick order.
One of the trends taking place in my portfolio is an increased weighting in China's technology sector.
Amid the trade-driven pessimism over China, clamp down on digital assets and increased control over online content China's economy is trading at a blatant valuation discount to the U.S.
Within the last few months the BAT stocks Baidu BIDU, Alibaba BABA and...
Look like Chinese names are improving since the news that talks will continue between US and China. I'd be looking for the test of the 38.2% resistance on the fib retracement before it pulls back again, longer term the chart is looking dangerous. It seems to have broke its uptrend from last earnings with a gap down back at the beginning of August. will be...
On Friday the 3rd August 2018 Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration said it was considering increasing the initial proposed tariff.
Buying the dip: Considering Chinese markets are at almost a one year low and under a temporary trade war, a knee jerk...
An interesting earnings announcement docket ahead this week:
BIDU (rank 57/implied 39) announces Tuesday after market close; AAPL (rank 54/implied 26), Tuesday after market; TSLA (rank 87/implied 70), Wednesday after market; and X (rank 61/implied 53), Wednesday after market.
Out of these, TSLA has the kind of volatility metrics I'm looking for in an earnings...
I posted about this a while back, so wanted to reiterate given the developments abroad.
The HSI appears to have formed a double top (with a potential bull trap, too) and I suspect selling pressure may escalate.
A decisive break in price above the top would need a few weeks of closing above to invalidate the pattern. Given the negative catalysts surrounding China...
BABA broke out yesterday of a big bullish pennant. Ater the breakout it formed another pennant on a small time frame. I entered some calls after the bullish breakout (didn't have time to update). Sold 4/5 of my calls on the way up and holding the rest for a breakout of the forming bullflag. Only trade after a breakout or, if you want to play it aggressively, on...
Setup:
It was noted that BIDU stock heading to 296 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
3. Gap analysis
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 243.89
SL:...
![BIDU: [BIDU] phase 4 -> Don't buy](https://s3.tradingview.com/j/jVWTpsyg_mid.png "[BIDU] phase 4 -> Don't buy")
