down trend with more bars in the box. Is it going to drop out of the box soon?
Tell me what you think !!! Increased volume on the low.
1Q Miss and COVID Likely Delays Recovery, but Easing Regulations Should Support Investor Sentiment; Maintain BUY and Decreasing PT to HK$400 HKEX:700 We are maintaining our BUY rating but decreasing PT to HK$400 (was HK$475) after Tencent reported 1Q earnings miss and implied continued macro challenges for 2Q. Domestic game revenue declined 1% y/y. Int'l game...
Hello Traders, BYD, the Chinese electric vehicle car-maker, is on the run to set a new ATH in HK$! Not yet it happened, but it is a „question“ of days to my view. BYD has sold, 144203 from January-April 2022 electric units, placed on 3rd ; after SAIC and TESLA. In April, it sold 104854 units in Plugin vehicle. These are stunning numbers! And BYD is only selling...
- Some constructive moves on Tencent as it regained the 50 day moving average - Still early to turn completely bullish but will be watching closely to see how it develops -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
The bearish Elliot waves continue. Old legs original, I've marked in the recent 5 leg down after the ABC.
Last week we discussed the scenario of Hong Kong/China equity rebound due to the political environment change in China. HSI did end up close above the May open, creating a hammer candle in the monthly chart, and stood atop the 50 days moving average. Both showed strong bullishness from the chart perspective (Last week note here: ) As a continuation of the rebound...
Learn to find the stocks with the best technical setup and see if they fit the criteria (8/8 full score). Of course these stocks should be in the top performing sectors and you should wait for short-term pullbacks to entry...
1810 Key levels, Analysis & Targets China releases lockdown soon, good for stocks ,and Time frame day born " Bullish Divergences " in MACD & RSI Indicator
Analysis of 0293.HK 1) Uptrend with increasing volume trade 2) Probably in Stage 2, 50 average line above 200 days 3) Low risk entry point (potential 9% profit underlying 4% loss) 4) The sector of shipping company is leading the market such as OOCL 0316.HK
Clearly not a bet the farm type situation but the HSI has traditionally staged a rally off big -2x standard deviation moves.
1) Noticed that many stocks in this particular sector have been setting up quite nicely in both the HK and US equity markets. 2) In particular to the HK Market, things are starting to look better with some equities entering accumulation phases. The HSI also looks to finally start a new uptrend with higher lows formed. 3) SEHK: 3877 is setting up quite nicely...
HSI almost overbought, so you know what that means.... PDD puts though the premiums are high due to earnings.
Bear Market regression to mean. Bull divs forming China looking to come out of lockdown Xiaomi has a lot of military connections Looking to buy at $10 then sell the 200MA
false break or ? if that accumulation distribution trendline break that will may become next big move
Could it be the last point of supply? If it breaks that orange trend line it will may make one BIG distribution..
Looks like MFI went oversold, time for the next pump, conveniently on a Friday. Generally speaking if the Asians plan to pump we get an EOD rally.
Meanwhile in China.... HSI overbought Snagged a few PDD puts