Alibaba Ticker: HKEX:9988 or NYSE:BABA Entry price: 89 HGS$ Short term target: $120 Medium term target: $171 Long term target: $205 Potential return per trade: up to 125% Volume per trade: up to 3-4% of the portfolio 🛡 It is better to hold this stock for the medium term, and use the drawdown to increase the position. ❗️Risk Level: Medium Alibaba...
The last time we looked at copper was last October, and the trade played out nicely in our favor. Much has happened since then and we think another opportunity lies on the horizon now. Revisiting the same analysis now we observe the following… China, being the largest copper buyer, its currency pair CNHUSD traditionally shares a high correlation with...
Hello traders, I hope you have a nice time with the market trading and study. This update is for BSVUSDT adding about the possibility of a breakout we can see in the coming time, the expecting coming from the High interest that can be from USDT to BSV. As we did add before we expect that BSV is going to see a breakout that will take the price up $76 with the...
BRICS (without Russia and South Africa) appear to be ready to make a move here as it breaks out from a long-term downtrend while bouncing off the longer bottom support area after a PSYCH play lower. This is a great risk-reward setup to catch a nice wave up. This particular setup doesn't come along very often as you can see. Make sure to follow as I will be...
The US Economy Is 25% Of the Global GDP with just 334 million (4.25% of the global population) This is extremely important to understand because it gives you the context required to better understand so many various narratives that are pushed all over media and politics. Here are some examples China has 1.45 billion people (18.5% of the global population)...
The energy transition - the process of moving away from greenhouse gas intense energy consumption towards more renewable energy sources - presents a significant positive demand shock for the metals needed to build out grid infrastructure, distribution and transmission cabling, vehicle charging infrastructure, battery components, solar panels, and wind turbines....
CHN50 - 24h expiry - We look to Sell at 12720 (stop at 12805) Buying pressure from 12375 resulted in prices rejecting the dip. The current move higher is expected to continue. Indecisive price action has resulted in sideways congestion on the intraday chart. Preferred trade is to sell into rallies. Previous resistance located at 12733. Our profit targets...
Paradoxically, aluminium was one of the worst performing base metals over the past month (22 May to 23 June 2023) despite the bauxite ore ban potentially tightening the market. In 2022, Indonesia produced some 21 million tonnes of bauxite, according to data from the US Geological Survey, making it the world’s fifth-largest producer. Almost 85 percent was exported...
We previously discussed MDT and its perspective based on technical aspects and recent trends in Hong Kong. Chart Analysis When analyzing the normal trend, we observe that MDT did not reach its previous lowest point. This indicates that it has substantial volume and, additionally, when examining wallets, it appears to have the highest percentage on exchanges. ...
Once again pretty important level on the Chinese market. If the price can hold this level we could expect a rally to the top of the triangle, otherwise if it loses it, we will probably visit the lows. NFA
Kiwi came down last week but in three waves which is a nice bullish pattern when looking at the intraday chart. Ideally, this market will rally this week, not only technical, but buyers can be also seen after China said that they are willing to push trade development with New Zealand.
Been such a fan, waiting for so long, but I think the technical outlook for China Equities is not looking too good. Three fails Breakdown of the TDST puts it in Bearish primary trend mode. MACD is bearish VolDiv shows some accumulation Some downside, highly probable. Target at 66/67 then see how... for those who love China equites!
Gold is arguably the most sensitive commodity to monetary policy. The metal operates more like a pseudo-currency than a regular commodity (a regular commodity’s price is driven by the balance of supply and demand, gold is driven by many of the macro determinants of currencies). After hiking rates every meeting since February 2022, the Federal Reserve (Fed) took a...
Tesla CEO Elon Musk expressed his intent to invest in India as soon as possible after a meeting with Indian Prime Minister Narendra Modi in New York. Modi's support and push for investments in India have encouraged Musk, who confirmed that Tesla plans to enter the Indian market but did not provide a specific timeline. Tesla's entry into India has faced delays due...
LONG opportunities incoming for Gold *W (tf) (wave 5) Wave 4 completed ? Long Confirmation is anticipated with the red trendline resistance breakout and CHoCH's on smaller time frames. Current support trendline support on green and 20EMA on *W TA speaking, Gold is sitting at a very sweet spot until the uptrend is invalidated - Looking ahead for New All Time...
The yellow indicator represents the inflow of PBoC liquidity into the markets. As we observe these changes in China's fiscal policy, they have an impact on the price of Bitcoin. It causes its rise or fall and is one of the factors influencing the stage of the cycle.
CHN50 - 24h expiry - We look to Buy at 12570 (stop at 12490) We are trading at oversold extremes. Short term bias has turned positive. This is positive for sentiment and the uptrend has potential to return. We have a 61.8% Fibonacci pullback level of 12570 from 12244 to 13098. Preferred trade is to buy on dips. Our profit targets will be 12770 and 12810...
China's crude oil stockpiles surged in May, adding 1.77 million bpd, the fastest rate in nearly three years. Strong imports and refinery processing contributed to the bullish narrative of increased fuel consumption. However, the market overlooks the potential bearish impact of stockpiling, which provides options for Chinese refiners if prices rise too high. China...