TICKER CODE: 700 Company Name: Tencent Holdings Ltd Industry: Communication Services | Internet Content & Information Position Proposed: SELL Technical Analysis 1. Falling Wedge Pattern (Potentially forming) 2. Large Head & Shoulders (Potentially forming) 3. Fibonacci Retracement at 0.786 is at key market structure 4. Fibonacci Expansion Safe Take Profit Level...
TICKER CODE: 1810 Company Name: Xiaomi Corp Industry: Technology | Consumer Electronics| Hong Kong Position Proposed: SELL Technical Analysis 1. Rising Wedge / Pennant (Forming) 2. Fibonacci Exhaustion Level at Final Peaked 4.236 3. Potential to reach Fibonacci Retracement to reach 0.786 after Flagpole completes 4. Potential Break and Retest of Area of...
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
HKEX:9988 - NYSE:BABA 1. Divergence in the CMF Indicator. - Bullish signal 2. Ice Cream Bullish outside BB - Bullish signal and reversal pattern. 3. Last trading day volume more than the average 4. Intrinsic value using Benjamin Grham formula (EPS*(7+g)*4.4/Y, where EPS, g, Y is 8.5,10%, 2.07% is $305. Note: I was very conservative in IV calculation I used a...
HSI1! 17 May 2021 Week (Intraday) Weekly = TBC | Daily = Bearish, H4 and below = Bullish Green zone target was reached last week, and market broke down and reach for the lower green zone. Market is still making lower highs and in a downtrend, so prefer to short on test of the below levels Scenario 1) Market may attempt to close gap 2) Short levels 28753 /...
Key reasons: 1. Support (channel) 2. RSI: a) absolute base: Oversold b) trailing: the bottom of the channel of RSI 3. Hammer in a downtrend Buy at ~HK$268 First resistance: from ~HK$390 to HK$422
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.
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.
This is an analysis for a client. Price is reacting at a key monthly support. Stochastic is on support where price bounced in the past as well. Please do your own due diligence. Losses can happen so please understand your risks and investment objectives first.
Long consolidation in mid 2020 till now for almost 1 year now. Prices looks like it is ready to move up further to 50-52, so long as $30 stands as a strong support. The far leg target to be 75-80.
HSI1! HSI1! 10 May 2021 Week (Intraday) Weekly | Daily = TBC, H4 and below = Bullish 03 May Week - Rejection scenario played out and green zone price target was reached. After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well. Notice how the demand...