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
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...
The China a50 is under the weekly 50 SMA and near the 200 weekly SMA. The SPX500 isn't even at the 50 weekly SMA. Usually world markets, eventually, follow each other.
BIDU just broke out of months of consolidating inside a pennant. As long as price stays outside the pennant, we can see it pushing towards 170s level. __ 📌 DISCLAIMER The content on this analysis is provided for the sole purpose of education only. Not a financial advice or signal.
BZUN : Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know. Tell me what you think. I like the chart and it looks like we could have a substantial bounce here. I'm buying some January calls. All resistances mentioned on the chart are potential targets. Let's regain the 50 MA and see. NIO and ...
if chinese debt is in the business of clearing up this week, nio is set to oversold bounce, and if we are weaker with chinese stocks the fowntrend is set for continuayion of bearish engulfing
We were tacking this on our recent live streams and today saw a momentum push below the geo line and filled two daily gaps!
Alibaba has been basing in the form of a bottoming reverse head & Shoulders formation. if this plays out as per the textbook we have a target in the region of $216. Keep a close eye and watch for a close above the neckline to confirm the pattern.
Baidu has violated the upward channel downwardly with a reversal pattern that shows to what extent the sellers are in control. The stock may target 145.55 - 136.40 support levels consecutively.
BYD Company Limited ($BYDDF) THE COMPANY: BYD Company Limited, together with its subsidiaries, primarily engages in the research, development, manufacture, and sale of automobiles and related products worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Products; Mobile Handset Components and Assembly Service; and Automobiles and...
crab harmonic pattern: 3-4=0.38 X1-3 4-5=0.88 3-4 2.6 4-5=$38 3.6 4-5=$21 1.6 X1-3=$12.5 AB=0.38 X2=$33 BC=0.88 AB=$22 2.6 BC=$63 3.6 BC=$95 1.6 X2-A=$147
DIDI , considered as the UBER of China , has lost 60% since its IPO day. Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know. Tell me what you think. Looking at the chart, I see a triple bottom and a potential bounce play for all Chinese stock. I believe that Uber is a Didi shareholder. For...
The GDX was in close watch and it is time... Technicals are favourable for a bull run, and so is the broad equity market. Also had broken out of the Buy Zone! GXC the China ETF is just about ripe based on technicals. Similarly, broad equity market drift should hold in supportm and the immediate gap should be closed for a run up.
Today we will take a look at BABA. When do we think maybe a good moment to start adding Chinese stocks into our portfolio? Of course, we will look at the answer from a technical perspective, and this is the conclusion we make: a) We must see contact with the support level first (Is there buying pressure?) b) If we see bullish pressure, that is the first...
We could see this begin to move up significantly starting tomorrow, the MACD has crossed bullishly and we closed above the ascending triangle.
In this post, I'll be providing an easy yet comprehensive explanation on the Evergrande crisis, and why it's important for us to understand the situation. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own...
LI Auto announced a reduced outlook on its vehicle delivery volumes for Q3. The previous guidance from Li had deliveries of 25,000 to 26,000 for the third quarter, but it now expects 24,500. My price traget is the 22.8usd support. I expect a correction in other Chinese EV stocks too.