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Another beautiful chart, a masterpiece of clarity, at least in my eyes. Looking for much higher prices in the future.
5 waves up, 3 waves down, reaction on huge support, potential IHS formation. Looks good
Target 1 : 5$ (Aligns with 100 Daily MA) Target 2: 8$ NIO Breakout coming soon due to the further accumulation of good news! The downward channel will be broken, and the confirmation is the break above 2.40 which also happens to previous support level. The 1st target is 5$ which happens to be the 100 Daily moving average price point. The 2nd target is 8$...
Hi Friends , breakout on daily time frame on AMEX:CQQQ . Look at the breakout with the Green candle peeping out of the triangle formation. RSI and ADX both showing strength (DM crossover the DM- but ADX still weak, but looks like gaining strength. Watch out for possible retest of the newly found support line ( earlier resistance line) for a possible throwback...
SHCOMP is currently pulling back off a Double Top formation near July's 3,050 Resistance. The key development here is the potential to have a Golden Cross formation on 4H. Last time this pattern emerged was in mid February 2019, when again the price was pulling back after a Double Top. The result was an aggressive jump of +20%. Medium term investors can wait for...
With the U.S. - China trade deal developments ongoing and reportedly staying on positive grounds, the stock markets are globally on the rise in 2019. This is a good time to examine how the heavy Chinese companies are performing. FXI is the index that tracks China's stocks with the largest capitalization. On the monthly (1M) chart we see that since the 2009...
Plenty of bad news coming out on this one. Cancellation of a factory in China, reduced government funding for electronic vehicle (EV) development, and profitability going ever into the abyss. If this thing behaves anything like TSLA, we could see a nice bounce here. But why? The EV space is rife with optimism and hope due to the disruptive nature of its...
The chart of China DYF says it all. Parabolic growth after parabolic growth. Reminds you of something?
The Shanghai Composite Index has seen a considerable rise since the start of the year, which we predicted in December ( ). The parabolic rise on 1D has reached past the overbought zone (RSI hitting 80.000) and as it got close to the 0.500 Fibonacci retracement level (3,015), we should start see it consolidating. The strongest candidate for a pull back however is...
Since the all time highs in 2007 the Shanghai Composite has not recovered those levels failing on successive Lower Highs. This has created a Triangle pattern on the Monthly chart with Higher Lows. We can't be sure which trend line has to be followed to mark the new Higher Low as both have valid grounds. In any case, the index is approaching its long term technical...
* Looking bearish on D1. * Conditions are ready for the movement which i am expecting for.
* Looking bearish on D1. * Conditions are ready for target which spotted on the chart.
* Looking bearish on D1. * Conditions are ready for the movement which i am expecting for.
* Looking bearish on D1. * Kumo Cloud is a strong resistance area. * Conditions are ready for target which spotted on the chart.
NYSE:NIO has been popular over the last week, lots of hype on this one.... BUT can we trade the HYPE? Let's see! Looking like a buy setup on the lower time frames!
CMCLF looks substantially bullish both short term and longterm. We are also currently trading really good entry levels. Below is the longterm picture. If we stick to this picture, trading this will provide great opportunities to scale the position size up as the play builds.