Every 3-5 years or so, there is a short correction in the market and it ensures the market to grow sustainably. Although this is a complete different scenario compared to 2008's situation, the downslope pattern is quite similar. A downtrend is a downtrend. I believe that the bottom has not yet came by looking into the downtrend timeframe. However, it likely...
HKEX:1177 After our long entry on the head and shoulders of reversing, we are managing the position by gradually moving the stop profits below the last lows. Currently an upward triangle is forming within our trailing stop, which if it broke the resistance level would probably further give a bullish input and benefit the position value. Trading is an activity...
Xiaomi long : not high probabilties, but good R/R
Got out of my 3888 swing trade up 50- 70% a few weeks ago. Being patient with the volatility from the global markets. Here is my next HKEX equities trade. 3800's chart and price action looks sooo beautiful. My small parcel at 0.58 filled last Thursday, will look to add more this coming week. Target ~$0.9. No stops for this one, if it drops below $0.5 I...
1. Uptrend RSI 2. Uptrend stochastic 3. Stochastic K > D 4. MACD no reversal yet 5. Converged MAs 6. Squeezed Bollinger's
1. Price just got rejected on the weekly structure with a bearish engulfing. 2. We will be looking to see if it test the expanding triangle. more aggressive players might want to take it when it reaches the structure support with 47.6 . 3. Personally prefer it to close above the weekly structure.
Another RSI Negative Reversal again in Tencent's chart.
Xiaomi shows some signs of reverse / end of correction / around listing price. However locally Xiaomi is on the downtrend side. Reasons to be bullish include an expected surge in revenue and earnings, driven by Xiaomi’s focus on Internet services and its increasing share of the hardware market in China, according to notes seen by Bloomberg. In a 63-page note to...
Tencent: I'm buying the dip. It never falls below 40 on RSI indicator. Correction is on the way.
Just want to share my view on HKEX:700 . I am expecting an upcoming long term bear of of Hong Kong stock market. 700 as an important constitute of the HSI is highly correlated to it. Investors are getting more aware of its overvaluation. I have put bets onto the bear. It is possible for the stock to form a head and shoulders pattern before it further drops...