The "hanging" candle The problem is as follows: If the only way to reach risk-on in and remove social distancing is either via a vaccine (most preferred option although not really in scope till 2021) or further extreme lockdown measures (as you all know extremely costly and damaging to the monetary side) to completely remove the virus from circulation. With...
SHCOMP has formed a Golden Cross on the 1D chart turning vastly overbought (RSI = 89.841, MACD = 105.710, ADX = 52.201). Last time that took place within the long-term Channel Up that started in January 2019, the market consolidated for a few days and delivered a last peak in a month. The MACD has entered into this red Resistance Zone of the 2019 consolidation, so...
$TME just broke $13.37 out with high volume. RSI is still below the trendline though. There might be a pull back but it is very strong for an upside rally. 12 months Consensus Price Target: $16.11 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Entry. $221.26 S/L $216 TG $231.14 12 months Consensus Price Target: $246.22 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Chinese coffee giant is pulling back after long rally down. I would expect to meet with 20SMA before it decides its direction 12 months Consensus Price Target: $40.50 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, always rely on your own knowledge. Thx
NIO broke out the buying point yesterday and hit the resistance of $5.65. TP1 and TP are shown on the chart 12 months Consensus Price Target: $3.74 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
It needs to hold above the confirmation resistance which is $31.37. The resistances till target price are; $32.80 $34.58 $36.35 If you find my charts useful, please leave me "like" or "comment". Thx
When NYSE:BABA closes significantly above the green rectangle area (Significantly above the 201.5) , I think it would very likely to continue up to around the 209-210 area (Around first blue line) , with a potential to reach the 219-220 level (second blue line) , depending on how price would act around the 209-210 area .
It needs to break out the trendline and i would wait to get above $216.21 for bullish action. 50 and 200 SMA are the support. Watch for RSI trendline as well. If you find my charts useful, please leave me "like" thx
Another bearish wedge, something's cooking in chinese tech stocks. Can't believe we could finally see Weibo hitting $20. Massive support and buying interest there. $WB fundamentals have been pretty solid — will buy as much as I can carry.
I think NYSE:BABA needs to provide much more confirmation before one considers buying this stock . I can think of these scenarios : First scenario :Price doesn't go any lower than 192.9 after the opening and price goes up to test the blue resistance line and then closes considerably above the blue line /200 area , in this case I think it's a confirmation to...
$GSX is just hitting the down trendline. It is above Fib 0.618 so far. If it succeed to hold above, will continue to rise.
$BIDU needs to get above $107.30 to make higher high. If It breaks down the support zone, will be going to $82.
Melco Resorts hit the resistance yesterday and formed spinning top which acts randomly. RSI did a higher high which might be a signal to rise up despite price action.
Pinduoduo rallied great and now is pulling back. Just below the 20SMA and rsi trendline. may back test but needs some time to rest.
After failed breakout, #Bilibili is pulling back. Stayed strong during the market crash..
getting power and needs to break $2.99 watch for rsi break out as well