HSI touching overbought on RSI, probably pulls back tonight. If you're still holding along position in PDD, I suggest dumping or at least locking in some profit. I'm already out.
Oversold and hit my target last night so bought some PDD calls this morning. Good earnings and positive news so you know that garbage is gonna go up fast, it always does. Already getting pumptarded, but I've seen PDD move $20 in a week, for example runup before last earnings. This is why I plot stuff though, hit the target almost on the dot.
Hit support line, low volume during selling and strong support at the zone.
Price has played out as my last analysis. Price is currently mitigating the bearish POI at 321.0. On its way up, it created sell-side liquidity. Right now we should keep a lookout on the lower timeframe for confirmation to see if price wants to continue upwards. From here, the most probably move will be a bearish retracement to take out the sell-side liquidity.
Are there even Signs of Reversal ? - Candlesticks below MA200 , Far from MA200 - Candlesticks moving below ichimoku clouds - Downtrend Line B met expectation of 1:1 w.r.t Line A, within a shorter time with higher momentum Take a look at the price Volume traded for the past 1600 days (to the range where last candlesticks were at this area). Total volume at this...
Hello Traders, since my latter analysis, BYD has made no progress. Instead, it was declining to 260 area, where the bullish count would be negated for the moment. I have revised the count. As a result, I count BYD correcting within a waves c of (y) of ((ii))! Today, waves (3) (Micro degree) could have end!? If so, the next move will be to the upside, developing...
Price has been playing out as analyzed since 12 July. Volume is increasing on the down move. Right now, I'm still expecting price to take the lows at 10.30 before we can see price starting to initiate an uptrend
PBoC cut its 1 year and 5 year LPR again in an attempt to spur its credit markets. As expected we saw a huge jump in HSI this morning. However, I think this rally might not be long lasting because of investors' sentiments. Based on the technicals, it seems to be in a downward channel as well. My take is that unless it breaks out 19860, it will probably reverse back down.
Buy : 11.5 Take profit : 17.5 Stop loss : 9.9 Reward/Risk : ~3.8
Price action and chart pattern trading > Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal. > Aggressive entry @ downtrend channel wave ii and iv breakout > Safer entry point @ triangle breakout > Target @ previous 1 wave 0.382- 0.5 retracement zone > Stoploss @ triangle lower support zone > Risk...
Price breakout downtrend line with upside gap Entry : 320 TP : 342 SL : 303
Just a quick update of the last chart I posted, which had a bug. These stocks: '0123' '0083' refer to Malaysian stocks, but these stocks: '123' '83' are the symbols we want. Here is the updated index for your usage: '16'/0.3506+'688'/0.08518+'1109'/0.1433+'2202'/0.07858+'1113'/0.2549+'960'/0.211+'83'/0.1272+'2007'/0.07058+'3900'/0.3293+'123'/0.3196 See here...
Expecting at least a one day bounce off this minor support ADR traders must be looking at the same thing because PDD went green despite HSI going down last night.
Price is currently mitigating the bullish POI at 12.16. We also have equal lows and sell-side liquidity at 11.26 to be taken. Price is more likely to go down and take the liquidity before we see any up moves.
MFI hit overbought last night and several companies announced they are going to delist from the US after their market closed. There is a gap in futures, but China doesn't always fill those. Snagged some PDD puts on the gap fill, and added a few on this pump. Will wait until EOD to decide if to bail or add. Despite the delisting news, Chinese ADRs are melting...
Overall, $HSI remains cautious until heavy-weighted names earnings release. Therefore, I expect $HSI will continue tight range bound between Monday and Wednesday. Of note, I want to see how the price reacts around the 2H belt as it entered the belt. Price scenario: Open/bid above 20078-096, build up time/volume, would test these 20230s area and see if the...
Just FYI, an equally price-weighted basket of large Chinese real estate companies is down 8% today. Rumor is going around lots of companies in this sector are not paying interest payments and are on the verge of default. Maybe it could spill over into global markets? Dare I say it could be an outbreak in the market flu? These companies are much larger than Enron....
China's tanking again, lol. I guess I should have paid attention to the easy play. Was so hung up on CPI that I forgot all about China even though PDD is near the top of my watch list. Oh well. Can't chase it now. I know there's a lot of bears following me, a lot of time if I feel bearish and the US market is melting up I short a foreign ETF or in this case...