Classic pattern, Cup & Handle, which in this case acts as a figure of continuation of the primary trend.
Let's take advantage of this breakout of resistance level.
Statistically as we know from our backtest based on our Entry Points, Stop Loss, Take Profit, we have a % positive realization of this trade equal to 35%.
Nearing the end of the trend, negative divergence on the weekly.
Responsive market activity at Bellcurve 1 and price consolidates around the ''mean'' Most likely scenario.
Initiative market activity at Bellcurve 2, value trades lower to bellcurve 2.
Taking a look at a lucrative investment opportunity in one of China's leading companies, I see that Shandong Xiantan, indeed, is on a mission to “Develop Green Industry, Offer Healthy Food." It offers the market "Pollution-free Agricultural Products." This company seems to seek to put the rural farmer in a fine position by modernizing China farmers and continue...
Another China Roaring 2020s stock called Inner Mongolia Yili. It is in in the consumer non-cyclical sector, involved in food processing. It processes and manufacturers milk products that I, personally, enjoy drinking. It tastes so good. In 2018, it was the world's best-performing food brands.
Not only are their products worth trying, but their...
This is another China Roaring 20s stock. I enjoyed the stay at one of this hotel's premium hotels. The price tag was $300 to $400 US dollars per night. It was the tallest building in a city called Nanjing. What's more, there company's bottom line is back after its stock took a hit from the 2015 slide from 40. Although this small investor cannot afford buying...
Another China Roaring 2020s stock. Once can observe that from 2006 to 2011 this equity rallied, was effected by the 2008 financial crisis like most other equities. And when global markets stabilized, SANY continued to rally. 2011 was its peak and 2016 was its bottom. In between this time, this stock has created a triangular-shaped range. In that large range, it...
Continuing on the theme of China and its coming "roaring 2020s," I also post about Qingdao Haier. I walked in several markets and found this company displayed on shelves. Also, I like the quality of its air conditioner, refrigerators, washing machines and other home appliance. It competes with GREE. Haier is more trustworthy than GREE among the circle that I know.
Another Asian Special. This company's equipment and vans can be seen transporting and speeding through China's cities getting their hand's dirty in the heavy machinery business. It is, for me, not only a stock, but a living company. This is something beyond TA.
Pharmaceuticals have done well in China over the long-term for many years. Given the quality of JiangSu HengRui and its perpetual growth, there is no reason why this trend should abate over the long haul. This stock is immune to a trade war, yet not immune to business cycle risks, which has caused turbulence for weeks to months before.
I am a little late to...