TheTradersRoom is very long #CQQQ from much lower levels and looking to hold this one till at least we see 2-3x gains on it. We have entered it first days of Feb and very happy with the result. China is recovering and Im expecting a perfect inversion alignment to QQQ here into the end of the next year. It was a clear breakout from the downtrend channel last...
Could we see rotation out of QQQ stocks and into CQQQ stocks. QQQ stocks are stretched on valuations, and CQQQ stock are not. The easier path for great returns is in the CQQQ.
Baak on March *th I posted this chart warning of a break of trendline wave 3 Since then it has drifted lower while building a sweet bear flag, Simple risk-reward setup. Short on a break stop of it pops back into the bear flag, No break no trade. Remember this is my diary you all get to peek in on. :) that means my analysis is on going to track my progress....
An Ascending Megaphone can be seen, broken down, price has now reached .236. An area which was previously seen as resistance now it can be seen as support
Looking at the CQQQ on monthly. Getting close to the bottom of the channel and the MACD is looking like it could start rounding up on that trend line. To add some counter argument, it looks like a giant elliott wave. We could see it break the channel and see a correction.
Idea for SOHU: - China is now beginning an easing cycle. - While rising yields may take the wind out of US tech's sails, there is an opportunity in China tech, if one can stomach the regulation risks. - Price has formed an immensely bullish setup (C&H/Bull Flag). GLHF - DPT
Brief for JD: - China is now beginning an easing cycle. - While rising yields may take the wind out of US tech's sails, there is an opportunity in China tech, if one can stomach the regulation risks. - This may go on a 6month+ rally GLHF - DPT
AMEX:CQQQ At 4H, they broke through the 100MA and buried themselves in the additional resistance level = 74. A local rollback is possible, but after that the growth will continue. Or it will reach 100MA on 1D and the first target and then retest the level 74, unloading local indicators to continue to grow on the rest of the targets. Having also reached the second...
Looks like more manipulation on the cqqq. Look to buy at the bottom of the channel.
(Opinion Only - but earnings is next week and the cheapest it's been in forever)
BABA reports next week 8/3; likely gives a catalyst for a move up to $210-220 for BABA and then a move for FXI to $42ish (Opinion only)
(Neutral - Not Advice only My Opinion)
BABA broke out two days ago, with above average intraday volume. OBV is confirming slight positive trend. Taking a look at seasonality: We are entering July, which has been THE best performing month in the past 8 years. BABA has closed higher than it opened 83% of the time in July, since 2014. Approximate Potential Target ---> $275
China Tech (CQQQ) has been in a massive bull channel for 8 years. Every 25% drop or more has been a buying opportunity. Will it be the case this time? Higher rates in the US with a stronger $ are typically bad for Emerging markets. Is China still an emerging economy is debatable, but my view is higher rates in US attracts $s leaving other economies fighting for $...
I'm long (and upside down). That said I think the 200SMA at 80 is a bottom worst case, and a new run up over 118 is being pointed at by the daily stoch, rsi, and .786 Fib line Best of luck. Playing with stop losses to prevent further losses in case the daily loses to the weekly. Weekly Worry *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
CQQQ is a at a critical support level. Most of the news coming from China on the deadly virus has had an impact on investor sentiment and the ETF has seen a dip from our earlier identified level of potential resistance to a new level of expected support We can see when we apply the Gann fan, the price has moved beautifully in the range and has tested the...
As seen on the weekly charts, CQQQ seems to be changing directions. Bullish divergence seen recently as indicated in the chart and price getting into an uptrend, recent week high also broken and price now eying the 52.31 level breakout. Important to see a retest and look out for price retracing and confirmation of uptrend if price makes a higher low than the most...