Will 2024 be a prosperous year for China? After a period of strong gains and a close of the year near all-time highs, markets now seem to be facing a more tense climate with profit-taking on the world's major stock exchanges. Volatility has again become a major factor, with investors becoming more cautious and uncertain about possible interest rate cuts. For our...
PICC Property and Casualty Company Limited is the largest non-life insurance company in mainland China incorporated in 2003. It was one of the three main subsidiaries of the People's Insurance Company of China. PICC P&C is principally engaged in the provision of property and casualty insurance products. Symmetrical Triangle.
Our View We hold a favorable view of the Mini HSI Index Futures contract in the short-term on likely policy stimulus; but we prefer to wait out any short-term corrections before positioning for a near-term tactical rally. Due to medium-term structural concerns and still-weak confidence among businesses and consumers, it will be a while before the market trades...
Xiaomi stock has retreated somewhat in recent days. Nonetheless, we are sticking to our primary assumption that the price is likely to surpass the highs from November once again as part of the magenta wave (B) in order to form the high a good deal further north. Accordingly, we expect a return to this short-term bullish path in the near future. It is important to...
Firstly, apologies for coughing around the 8th min (too much chocolate). Basically this analysis builds on top of the HSI and China A50 analysis that I've done previously and that I expect Tencent to move down to $246 and hits the lower channel line as well as 1x of wave (1) distance by 2023 year end.
I expect BYD to fall to $166.8 given the following: 1. Price fall before trendline cut = price fall after trendline cut 2. Fibonacci extension level of wave 5 (of C) = 1.618 of wave 1 (of C).
Hang Seng (HSI1!) has been trading within a Channel Down throughout the whole year. As the rice hit its bottom (Lower Lows trend-line) on December 11 and the 1D MACD formed a Bullish Cross, we expect the new Bullish Leg towards the 1D MA200 (orange trend trend-line) and the to (Lower Highs trend-line) of the Channel Down. The average rise within this pattern has...
Today's news, "China to tighten controls on video gaming industry...." Traders & investors's overreaction? Or the charts already say so? I'm purely chartist, base on charts itself, I may sell too. >> Price keep create LH. >> Unable to break Parallel Channel >> Market structure shifted. Some traders / investors might look for opportunity. Are you one of...
Read the latest article here As a shareholder , I am not too happy. But as a parent who has two kids pretty glued to the phones , this might be the answer to help them stay away from their phones and do something else. To be fair, I am not born in the internet or mobile phone era where information are readily available online. Naturally, kids will resort to...
Hmmm, I took another LONG position on this ETF.....
The bears dominated Anta Sports' price action last week, causing further sell-offs. Given this development, we do not consider the magenta wave (x) to be over yet and give it some room to fall. However, the price should not fall too much further and especially not below the support level of HK$67.85. Above this level, the low should be reached and the bullish move...
The volume in the opening minutes suggests that HSI has or is about to bottom. Main accumulation was between 17k-18k.
$TENCENT shows sign of price bottoming on last Thursday with high volume supporting the price from going down lower. (Yellow square box) Based on our analysis, the rebound signals further sets in with price recover more than 50% of the Friday morning price fall. This indicating demand is coming back in after 2 weeks retrace & selling pressure easing. Which could...
I think the next weeks gonna be bullish
Last week, the PetroChina share price continued its downward trend and has now reached the level at which it should form the low of the blue wave (iv) in our primary scenario. Consequently, it should soon stabilize and stop its downward movement. With the low in its pocket, a further rise is then on the cards to complete the turquoise wave 4. Only when this...
Hi everyone. This is my first idea in English, I decided that it would be more convenient and would reach a large audience. Briefly for the English-speaking audience: I publish mid-term ideas with an average term of 2-3 months. Over the past month, 3 out of 8 ideas were successfully implemented, all overtook benchmarks with a profit of more than 10%, the rest...
We see from weekly chart that it has multiple support at current price of 315. For those who believes in the potential of this company can start to accumulate/buy now or wait for it to clear the resistance at 388.20. Let's see how it goes ....