I will be shorting $NIO for the next 2-3 weeks starting Monday morning. Current momentum and sentiment are very bearish in the short term, so a retest to $38 seems inevitable. If $NIO cannot hold $38, we can start to see the low 30s, but hopefully not much lower than that as I do like this company for the long term. In terms of technicals, there is a head and...
China A50 Index - Holding up well above its Mid Term Trend Support despite U.S and European market plunge. - Technically the index remains in a long term uptrend formation. - Pending price action to breakout of its sideways resistant to go for a Super Bull Rally. - Downside to easily look at its Mid Term Trend support. Once void will need to head to its Long...
Looking to long China A50. If break the support, this bull flag turn invalid.
Showing Bull Flag Pattern on China A50. Interesting to long at this point. China's economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region.
Ideal continues sells to fill the inefficiencies left below, also the inverse correlation means a buy for US based stocks
After breakout multi-year resistance two months ago, A50 has been consolidating above the line. With the 2% up yesterday it looks good (especially MACD) and ready to pop when zooming in to daily TF - a low-risk entry IMO. With that said, close below the resistance another story.
Sell trade opportunity on the China A50 Index
Holding Tencent and Youzan after the publicly given buy signal linked below.
Breakout direction will be interesting.
China A50 Index breaking aggressively to new highs may be a signal that the melt-up in risk assets is just beginning. With the mainstream press and banks issuing buy recommendations on the stock market, the frenzy is likely to push this even higher - 19,500 is within sight!
A multi-year ascending triangle has been completed, with markets all the way up to 30,000. This is a major bull market. Purchases at a retest level of 15,000 are recommended.
We are in the century of Asia. Whereas the 1600s-early 1800s were a time for Western Europe and early 1800s-2000 belonged to the U.S., the future will belong to Asia. The Chinese stock market is preparing for the next massive advance to reflect this.
Chinese markets has remained resilient in the face of a bloodbath in global markets with only a forgiving decline of less than 10%. It has now fell to a major support which is the level it gapped down to when it was in the centre of the outbreak. With that it can be observed that strong buying pressure came in as buyers aggressively defended when 2715 was hit and...
OMG the coronaVIRUS explored to A50, non-stop Even the trend line give no support to the index at all. Can't image what will happen when TVC:SHCOMP opens again...
Massive ascending triangle -- get ready to be long.
CN50/ChinaA50 sell, and buy every other stock index