25th June 2022
Continue to hold for those who follower who have entered last week.
Next level, we are eying 50% fibo at the price of 57/58.
Break above 50%, we eye 61.8% (which is possible which bullish bias on both HSI and China market)
www.businesstimes.com.sg
This is what I would be watching closely as well.
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Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
1. Uptrend line (Long-run): Lining up bottoms of 2016 and 2020.
2. Fibonacci retracement: 61.8% of latest uptrend (Mar 2020 - Jan 2021)
3. Former tops: In monthly chart, ~79.50 was the top of consolidation area in 2H2020.
Trades:
A) BUY - hold and wait for actual buy signals (above 9EMA, MACD cross, ROCxSROC)
B) SELL - short it when price touch 9EMA
Price is facing bullish pressure from our support where we could see a bounce above this level. Ichiomku cloud is showing signs of bullish pressure as well in line with our bullish bias.
Hello everyone!
Traders, we do not like to write more.
The prediction of the PING AN' price you can find on a chart!
Regards, Team Traders "Powerful Traders"
2318 is a leveraged financial play on the Chinese economy which is not doing very well at the moment. The stock has been consolidation in a range between $68 to $80 from July 2018 to today. Stock is back at the top of the range which suggest there is an asymmetrical risk reward trade set-up.
Technically speaking, it is worthwhile to remember 2318 completed a...
