Stock is breaking 52 week highs, with a long-sustained trend with the 50 day SMA above the 200 day SMA. China explosive growth coming back? I would think so.
Hi, let's take a look at the XIAOMI stock chart. I see two entrances there. At the lower range if the price is not able to get out of the range. Or after a breakthrough and subsequent diagonal resistance retest.
Increasing confidence for global economic resilience in 2023. Global growth for 2023 has continued to improve. The U.S. has started the year with a degree of momentum, even if activity could wane as the year progresses. Chinese activity is bouncing back as the economy reopens, while the Eurozone is likely to benefit as energy prices have receded and headline...
Overbought on RSI and MFI. Decided to buy a few PDD puts when it went green, it didn't rally with the Chinese market after missing earnings, it'll tank if HSI goes red.
Wave analysis and chart pattern projection: > A possible valid inversed head & shoulders pattern in weekly timeframe, potentially 2-wave correction and rebound to retest the neckline resistance for a strong breakout. > TP Inverted H&S @ 1.618 and 2.0 fibonacci +100+% > MACD doubled bullish divergence signal golden cross above baseline indicating bullish move.
Well, the answer depends ! If we take a look at Alibaba shares, we can see that it has reached its 52 week low at 60.25. But Alibaba is more than an e-commerce store with diversified investment in cloud infrastructure, retail, internet and technology. We all know about the disappearance act of Jack Ma and how he vanished into thin air after the last public...
Daily chart, RSI resist breakout - pretty subjective, sometimes requires 2 points (black triangles) to form the resist, sometimes one point is enough - sometimes there is a pullback (red triangle), but sometimes it may not Upside - $6.40 and above
In this update we review the recent price action in the Hang Seng and identify the next high probability trading opportunities and price objectives tot a
Yankuang has been on a consolidative range since its strong downside on October last year and currently, divergence from stochastic and falling wedge is seen. Harami is seen at the key support.
Key Markets: Ratings Yesterday evening I reviewed several names in my report THE SUM OF THE CHARTS. These included NPN, GLN, SSW, AMS and more. For more research insights (including trade ideas) get in touch today.
Look at this bullish chart. Let's see if this longer swing does work as intended. Good trades, folks! For questions use simply the comment section here ...
Tencent is having a relief rally this morning and looks to test the down sloping 20ema. 380-387 is a major resistance zone.
Price action and chart pattern trading - Minor downtrend ending diagonal pattern with MACD bullish divergence > A possible wave 4.3 minor downtrend wave at the lower support 0.786 extension of wave 4.1 and upcoming rebound wave 4.4 to 0.382 - 0.5 fibonacci retraced from wave 4.3. > Target upside +10 - 12% while downside is -6%, RRR: 1.5:1 > The final downtrend...
Hang Seng is still busy in the magenta-colored zone between 20 867 and 18 707 points. On the one hand, the index has slowed the descent and could very well have completed wave (4) in magenta by now, readying itself to take off. After all, the requirements for the current movement’s conclusion have already been met by touching at the magenta-colored zone. On the...
Tencent break in uptrend structure - Bearish Tencent has eventually broken below the Uptrend structure after fantastic upside. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle ). 21<7 price>200 - Reversal RSI <50 - Bearish Target 312 I just did an analysis on Naspers which we spoke...
Read latest news here will be keen to add some later
HanG Seng came under fire and could see new lows in coming days. The price action recently flushed through resistance at 22416 and is now unwinding longs positions on a move down. A break below 21068 could see a move into 20165.