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...
TheTradersRoom is very long #CQQQ from much lower levels and looking to hold this one till at least we see 2-3x gains on it. We have entered it first days of Feb and very happy with the result. China is recovering and Im expecting a perfect inversion alignment to QQQ here into the end of the next year. It was a clear breakout from the downtrend channel last...
Uranium looks ready to explode higher. This commodity had a daily chart breakout today and no one is talking about it. Silently triggering a bullish inverse head and shoulders, this should yield more upside. I'm looking for this breakout move to be confirmed in the coming days. If it confirms a breakout this will be a likely trade that we can buy the dip on.
China Caixin PMI Summary Surveys completed by 650 SME's in China have indicated that China's smaller manufacturing and service providers remain in expansionary mode in April 2024 with all three data releases coming in as expected or higher than expected with readings >50 = Expansionary. Manufacturing - 51.4 Increased from 51.1 in Mar 2024 to 51.4 in Apr...
We will continue to beat our fists on the table that Asia has bottomed vs US equities. simple chart here. FXI (China large cap index) vs SP500 RSI popping out of oversold on the 2M with a nice bull div. This is setting up for a multi year move. Likely at least the remainder of the decade.
Macro Monday 45 The China Caixin PMI (Services and Composite released Today Monday) Last week week we looked at the China Caixin Manufacturing PMI which will revise today with its updated readings that were released last Tuesday. We will also look at the China Caixin Services PMI and the Caixin Composite PMI (a combination of the Services and...
Toyota’s Earnings Report Highlights Third-Quarter Fiscal 2024 Performance: On February 6th, 2024, Toyota Motor Corporation reported its third-quarter fiscal 2024 earnings. The company posted earnings per share (EPS) of $6.81, significantly surpassing the Zacks Consensus Estimate of $3.66. Toyota’s consolidated revenues for the quarter were $81.5 billion, beating...
For Tencent Holdings Ltd. on the Hong Kong Exchange, we're seeing a scenario where the subordinate Wave (2) has likely concluded between the 61.8% and 78.6% Fibonacci retracement levels around 260 HKD. We anticipate a breakout from this range heading upwards, ideally reaching the target zone for Wave (3) between 227% and 361.8% Fibonacci extensions, which...
At Xiaomi HKEX:1810 , unlike Alibaba, all financial data is in Hong Kong Dollars (HKD) since we are examining the stock on the Hong Kong Exchange. We observed a double bottom formation at 8.28 HKD for Wave II, which also coincides with the bottom edge of our Volume Node. From there, we've seen a significant rise, over 100%, in a relatively short period, with the...
Looking at Alibaba, we have set our entry at $71.66 and found ourselves within a consolidation phase, oscillating between $65 and $77.77 for around three months, the latter marking our short-term resistance. We anticipated a breakout through this resistance upwards and this is what finally got this week! Fundamentally, Alibaba holds substantial potential, and...
AAPL is here on a 120-minute chart in what appears to be a falling wedge pattern. As volatility gets compressed further it could break down or break out with a bais for the latter. I believe that the rise of generic phones in China and Inda with comparable cameras and other functionality has impacted AAPL as had the rising prices of its flagship products. ...
Looking to enter this trade early. Gartley Bullish Div Inv H&S
Tesla is the 7th worst performer YTD in the Nasdaq-100. It is the 11th worst performer in the S&P 500. The stock stands 28% lower. Still, after reaching its lowest level on 22/April, the stock has rallied a remarkable 30%. On 24/April, the stock rallied 12% after the positive earnings call. On 29/April, the stock jumped another 15% after the announcement of the...
The Xiamoi share has overcome resistance at HK$16.98 and is heading towards the forecast top of turquoise wave 3. The bearish alternative scenario of a new low for beige alt.II remains 30% likely. An imminent sell-off below the HK$11.84 support will activate it. Primarily, however, the price should continue to move north from the (former) resistance at HK$16.98.
China has been on an uptrend. It broke the resend resistance. Dropped back on it and it up for today. It seems likely we move more up to the next level.
CHN50 - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 12550 will confirm the bullish momentum. The measured move...
Macro Monday 44 The China NBS PMI and Manufacturing Caixin PMI (both released Tuesday 30th April 2024) China NBS General PMI – Surveys by 3,200 large corporations ▫️ Provided by the National Bureau of Labor Statistics ▫️ Based on a large sample size surveying 3,200 companies across China. ▫️ The NBS PMI has a stronger focus on larger state-owned...
JD.com, Inc. is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services. The JD...