Price Action Broke through C leg of the ABCD pattern. Currently short and looking for a retest of D leg, which will set up a triple bottom
holding above daily MA ++ MACD signal is green on 3D chart ++ Downtrend broken + Trendline resistance --- Overall bearish market sentiment - Overhead VWMA resistance --- Likely that it tests VWMA at 164 (on news?) and pulls back into the ER. if it builds above 150, could see 225 level soon after. still early, but should be on the focus list for 2022.
Who doesn't understand what this Chinese index is. The SSE Composite Index is one of the most important indices in Asia. The SSE Composite Index has been calculated by the Shanghai Stock Exchange since 1990. The SSE Composite Index includes shares of all companies listed on the Shanghai Stock Exchange in lists A and B. Conventionally all these companies can be...
So, the double tailed candles on the weekly chart only resulted on a week of downside, but the second week proved resilient. The daily chart shows the spike down blowout and the immediate recovery. This indicates very strong support at about 98-100. The new interim support at 102 is holding too. Now, I expected the lack of liquidity and sentiment to push lower,...
$DIDI possibly bottomed out chart @ 4 CMF went positive on the 10m,1h,2h chart. 1d should follow The momentum is about to cross 0 on the 1d chart. RSI has left oversold zone The last 3 sessions closed green. MACD Curling. Reversal in play
An Idea I have considered.. feel free to share your comments and hit the like button if you like my idea.. wishing you all the best and remember obedience and disipline is what will make you a profitable trader.. 🤑🎯🚀🙏⌛💵
I’ve been watching this company for a long time, and even have long position at the price of 65.6. JD.com made clear impulse up by Feb 2021 after which it began to decline. At the moment, the entire decline after ATH I can count as zigzag ABC, where B is triangle. From level 61.65 (+ reaction from 50% Fibo level) the price formed leading diagonal plus ABC...
BABA has been battling at the 131.5 level on the daily. It is currently in a long pattern coming from the downside, but has been basing up currently. Has some resistance overhead around the 138 level, which if broken can target 140, 143, 148 and finally a gap fill to the 160 region. If BABA can hold the 131.5 close on the daily for the next few days (as well as...
Just doing some research and then realized that the GXC (China ETF) has a 10 year historical cycle pattern. In this pattern, it appears to be at a bottoming out period. Just sharing an observation from the technical cycle aspects. Other qualifiers suggest a similar indication (not discussed herein). What you also can observe is that there is a peak about 2/3...
A small scalp Idea I have considered.. feel free to share your comments and hit the like button if you like my idea.. wishing you all the best and remember obedience and disipline is what will make you aprofitable trader.. 🤑🎯🚀🙏⌛💵
Nio had a massive run during the worst of the pandemic, followed by a year of pullbacks. Now the electric-car maker could be stabilizing at a key level. First consider the price area near $28. NIO consolidated around that level in October 2020 before proceeding to more than double. Now that zone is providing support. Second, consider the high-volume surge on...
Ali Baba holdings looks to be at historic levels...it has completed a 5 wave move from 2015 to 2020 and has now retraced 61.8% of that move in a 5 wave impulsive move down. This is a great place to add some Chinese e-commerce exposure for the long term with weekly RSI having been oversold in sept and now forming a higher high as price formed a lower low. With...
$PDD is one of (if not) my favorite charts and companies for 2022. Growth in digital commerce/advertising, unique product and deep discount given China turmoil. Weekly bullish divergence ... Jan ‘23 $100C 💡 $BABA $KWEB $ASHR $SPY $QQQ #Pinduoduo #China #Stocks #Options #Trading
BABA ripping off the bottom of its weekly channel. Looking for 135 on a breakout in January
The new vehicle targets Model 3. NIO held NIO Day 2021, its most important annual event, today in Shanghai's neighboring city of Suzhou to unveil the company's future plans and the highly anticipated new sedan, the ET5. The following is a live text update from CnEVPost based on content obtained at the event. William Li, founder, chairman and CEO of NIO, began...
Affected heavily by recent technological advancements, the sector may soon attract Chinese regulators' attention. Background 2021 turned out to become a positive year for China's healthcare industry, where the gigantic demand stems from the aging population, growing individual wealth, and – more importantly – the COVID-19 crisis' aftermath. The market has grown...
Description CWEB has been working it down from its ATH since FEB of this year, and has gotten stopped up in the congestion pattern. I have been watching it to pick a direction to enter a position and it looks like it finally has broken to the downside. I have been using Long Puts in all my short positions because I do not want to cap my downside potential to...
China Evergrande, the second-largest real estate developer in China, has been narrowly dodging default for months. The Company has more than US $300 billion in debt that, as it warned the market back in September, it believed would be difficult for it to service. (As an aside, it is believed that China Evergrande could have an additional US $150 billion in debt,...