Currently Bossini has broken a multi year 2 down trend lines. We are waiting for the end of the month to have a close above the second trend line. As you can see from the increased volume on the way up and decreasing volume on the way down this is usually a very positive sign. Important resistance levels are displayed.
XI has confirmed a good pattern "SHS" and a triangle pattern expected to surpass the highest peak of the year. XI BUY : $13.20 TARGET : $17 STOP LOSS : $12.45 Wish you good deals!
Headline CPI decelerated -90bps to a 14mo low of 2.4% YoY in MAY, while Total Loans of Financial Institutions improved +7bps to a 13mo high of 13.2% YoY last month.
Tencent Long Entry: 13:28:51 (UTC) Wed Jun 10, 2020
Microport Scientific Corp (853 - HK) is in 5th wave in 60 min time frame. It is now subwave 3rd of 5th wave with relative high volume. Again it is start subdividing so internal waves should count to get proper wave cycle. It in 3rd wave in weekly time frame, so best buy opportunity.
Weimob Inc (2013 - HK) is in 4th internal of 3rd subwave of 3rd wave, which may take 1-2 days to complete as in ABC wave. Thereafter it will rise in 5th internal wave of 3rd subwave. In weekly time frame it is in ABC zigzag move up and moving up in C impulse wave. If we consider upmove in 60 min time frame as ABC pattern even the price action is going up. The high...
Hang Seng Bank (11 - HK) has completed impulse sequence of C wave in ABC sequence, which started from last major top in daily. As expected it starts new up cycle which is confirmed by price movement and tremendously high volume. It also crossed the wave 4 triangle, which is another confirmation of temporary trend change. But wait for clear 5 wave and its pull...
target 0.3 or Stochastic= 70
Good fundamental stock low PEG
Let’s see if this could dip to 52.55. If that happens, I would long and place a TP of 58.15.
No position yet. Watching to see if this could break out from 39. If so, I would say there is a big opportunity for longing the bank.
Time to put on your thinking cap! We must remember in the market, there are many kinds of players. Retail, institutional, government authorities, etc. Some wants to invest for the long term and would not mind the volatility and probably add more when price drop. Day or Swing trader would take advantage of this volatility and try to make some profits out of it....
Ping An Insurance its the largest insurance company in China and listed in HK, currently have triangle breakout pattern
NAGACORP its a hong kong listed hotel and casino company operating in Cambodia and currently had triangle breakout from previous virus crisis