An unknown friend asked me to put a chart on 'GEELY AUTO' I can read any chart using NEO wave technique and able to plot the next move with timing. Most important is I refuse to use any indicators rather HATE all kind of nonsense which will not give you any FORECAST. ENJOY trade well SELVAM.B. Engineer ,,Trader,,,Analyst
Ichimoku cloud is still in green, on upwards trend. Stoch RSI still in the safe zone. And finally Fibonacci Retracement marks a reversal time.
Breaking above triangle on last few days of slightly high volume.
HSI1! 2021 Mar 29 Week Daily / H4 = bearish H1 = bullish Price came down to support last week Cognizant of the downtrend, prefer to short on test of high. Like and follow if you find this useful. Have a profitable trading week.
My first recommendation concern this market was successful so yes sell this market again
One of my favourite stocks, BYD, has corrected quite sharply due to a pullback in China stocks due to stimulus ending - over 40% from the top. I believe we are forming at least an interim bottom and now's a good time to add to the position. BYD is a profitable electric car company with huge potential which is still valued far less than the likes of TESLA. It...
Currently every stock on the Hang Seng is down and things aren't really looking like it getting better. Wonder how this will translate to the other asian equity markets and global as well. This is in a nice downward channel and wonder if it will break the bottom trend line to move further down. Thats all folks
Wow, China and Japan went on a full out tank with another 2% drop tonight, didn't see that coming. I though Asia was gonna go up tonight, but at least this explains the afternoon drop in the US market. They dumped US futures on high volume before they tanked their own market. Oversold again, but I think tehy turned their algos off.
Expecting some braking at around 27430 to 27200 level. Prior to that, a slight pullback to ellipse area before gushing down to 27430 to 27200. Let's see what happens in that price region (consolidation /accumulation?) then zoom another leg to 26940 region as a false break? Let's monitor...
I well studied about the futures market and this is my first recommendation concerns this market, I hope tp sl points are clear.
Buy in the red box with a stop loss of 1,34 and targets of 7,5 and the resistance lines to scale out of your position
Buy limit at 25,2-24,05. Take half profit at flag and pole target and the rest at the last resistance line.