With the current fear of recession & rising inflation in the US, a lot of funds will be flowing outside into emerging markets, China & also Brazil which is rich in commodities especially now that the dollar seems to be peaking out as foreign markets slowly becomes more attractive to invest in. EWZ may retrace down first to fill the gap at 33.65 green line. A...
EEM now near 41, has already fallen more than 30% from Feb2021 top at 57.19. Two weeks ago it fell to 39 the green VWAP from 2016 & bounced with a weekly hammer candle. It is now being rejected by a FIB CHANNEL level near the yellow 41-42 pivot zone. Holding this zone will see more upside maybe up to 44 or 46 before a c-wave down. If 41/42 does not hold, there are...
ASEA has been in this yellow box consolidation range sine Feb2018 except during the pandemic plunge which is a BLACKSWAN event & should be discounted. The base of this box is at 13.40. Right now ASEA is making a falling wedge. A falling wedge has a greater chance to break to the upside. If it holds the middle green zone of this box & bounce above 15, it will be a...
- The price is in a consolidation phase after the recent major leg down. - Looking for a move towards R50-52 zone initially. - Stop loss below R46 - NB This is a counter trend trade. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
EEM Emerging Mkt formed a big Violet wedge since the 2007-2008 crash. It currently gapped down & broke 40, a 0.618 level. If it does not reclaim 40 in the next few days, then It will go down to 37 to retest the lower edge of this wedge. 37 is also a 1.618 retracement of the latest rally. See the 3 zones in the chart. Red is the sell zone. Yellow is the neutral...
This stock is often overlooked It is a part of Nifty-50, and major weightage in Nifty-Metal Index as well. It seems it is time that we get our eyes on this counter again The line drawn in the chart is a regression line for Coal India. It is downward sloping currently. But notice that price has closed above the regression line on the weekly charts. If we see the...
All the empires and dynasties I studied rose and declined in a classic Big Cycle that has clear markers that allow us to see where we are in it. This Big Cycle produces swings between 1) peaceful and prosperous periods of great creativity and productivity that raise living standards a lot and 2) depression, revolution, and war periods when there is a lot of...
***Earnings report may or may not be the catalyst I'm looking for*** BEIJING, Feb. 15, 2022 /PRNewswire/ -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021 before the U.S....
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
Emerging markets have dramatically underperformed the S&P 500 since the launch of the first EM ETF in 1987. However, during that period, there have been stretches of outperformance. In fact, there appears to be a cycle. EM outperformed from 1987 to 1994, underperformed from 1994 to 2000, outperformed from 2000 to 2010, and underperformed from 2010 until the...
Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The Emerging Markets Index Future (MME1!) appears to be in a descending triangle pattern setup. The support line is observed around the 1210 level while the resistance line was created with the lower highs of 1332, 1305 and 1295. Expectations are for a breakdown in MME1! around 1210 which...
this is a no brainer buy the pullback huge news today about crypto asset wallet support, but price is down with the rest of the markets revisit of the $2000 area looks good for next year summer-fall 2022
Index Outlook given in the chart itself ********************************************************************************************* DISCLAIMER: I am not a SEBI registered investment advisor. This content is for educational purposes only. Invest capital at your own risk only after doing your own due...
RSI has shown a descending triangle - upward breakout TSI has already given a +ve crossover and now has moved over the 0 line Similar signal in KST Indicator Waiting for action signal on NIFTY500 is must before long entry is made ********************************************************************************************* DISCLAIMER: I am not a SEBI...
Relative Momentum of International Equities SPY - US Equities ACWI - Global Equities ACWX - Global Equities excluding US EEM - Emerging Market Equities EFA - Developed Market Equities
Chinese #FXI Large Cap ETF ready for a dip buy around here and I will be watching for the triangle to breakout above the red line. Here are the top 15 holding of the ETF: Symbol Holding % Assets 3690 Meituan Class B ...
Has been a tripp , right? It ain't easy to transition an entire underground movement into a legal bureaucratic compelling business. There's so much potential for these companies. So let's look at the recent price movement. The DMI shows we reached equilibrium around the mid 4s, if we get a broader market uptrend we'll highly likely see our favorite number 4.20....
Hello traders and investors! Today we want to show you an interesting chart with clear Elliott Wave pattern suggesting deeper correction, which may have an impact on stocks across the globe. We are talking about Emerging markets (EEM), where we clearly see a completed five-wave cycle from March 2020 lows following by bigger and deeper (A)-(B)-(C) correction. As...