Short entry for STI, based on a lot of fundamental details such as the divergence seen in last night's Asian session between China vs. RWE. 13:24:58 (UTC) Fri Jun 19, 2020
As the coronavirus outbreak plaques the global markets, Chinese equities have posted an optimistic V-shaped recovery but we've yet to see similar bullish sentiments from the H-shares. With the market testing the critical 26000 support again over the past week, the price actions looks like buyers are struggling to defend the 26000 level. Times are critical as a...
HSI is approaching its support at 28788.6 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 29422.9 (50% Fibonacci retracement , horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
Overall market structure is still very bullish looking. but it is near the toppish level,... shall wait for a VALID BEAR to go for a short
Hang Seng Index has reversed off our first resistance at 27219.5 (horizontal swing high resistance, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 24437.6 (horizontal swing low support, 100% Fibonacci extension ). Stochastic (21,5,3) has reversed off resistance and we might see a...
A stock that many are playing with an AB0 approach. What I and others feels is a nice undervalued energy stock company to own or play bullishly. I would not be upset to get called away at $5.00 There's A LOT of resistance above where we are.
Pretty shocked to see premium. Only .10 but... it's NOT BAD.. If HK gets called away at $5.00 = I wouldn't cry... :) JN
If you have to own one name today right now, this is IT. Boring old cash rich China Mobile has been trading in this channel since 2009 and this is the 3x time 941 is testing the lower end of the range. There is 5% to pick up before it hits the 1st resistance and potentially +35% if it tests the top of the range. To sweeten the deal, if you hang on till the end...
So, i've added: Purple horizontal lines each $500 Yellow vertical lines - 9:00 am (UTC -8) NYC Blue vertical lines - 9:00 am (UTC +5) HK Fibonacci retracement build by $12k and $9k Blue fib speed resistance fan from beginning of current growth trend and height of current trend Red fib speed resistance fan from beginning of current growth trend and first height...
Wait for a confident break below the EMA and supporting trend line + support level. Keep an eye on the order books! Use numerous indicators in conjunction with one another along with a look at the volume. If we see a drastic shift in the buy vs. sell volume, it could be another sign of reversal!
After the big pump, .618 retracement. Long term target 8 U$S.
HK has been falling since July 2nd. On August 4th and 7th HK's RSI rose above oversold, but the trend failed to move. The RSI has risen again, the first double test of RSI in a long time for this stock. This time, along with the RSI, a green candle formed just about as large as the red one right before. The trading range for both days were about the same, however...
HK is in the energy sector. I am not real bullish on the sector, but some stocks have sold down. Mostly the drillers. HK appears to be in the middle of a bull flag. A bull flag should move higher to test the upper channel again ($1.17), as indicated bu the GOLD bars on the chart. The best outcome would have oil move stronger higher allowing the AB part to be...
Halcon Resources Corp has been trending downward for a long time now, and i think this trend is over, both from looking at the chart, but also due to its debt reduction programme that finishes here in spring, and its solid plan for expansion.