Predictable uptrend and had a good time holding longs. However, I would cash out once the price reaches 41.15(or 1.5% lower from that level.) I would definitely short if this hit 41.15, but at this moment, I am holding longs and waiting for this to make ATH.
Decade long cup and handle. I am seeing Li-Ning to be rejected at the historic high resistance levels(around 32), and would probably begin a downtrend from that level. No position yet, but would short if this reaches 32.
Semiconductor Manufacturing International Corp (981 - HK) is in ABC zigzag down wave and now moving down in C wave, after impulse A wave as leading diagonal and B wave as sharp correction as consequence of diagonal structure. It completed impulse sequence at top in 60 min time frame. In weekly time frame it has completed 3rd (or C wave) at top and out-performing...
AAC Technologies Holdings Inc (2018 - HK) is in 2nd wave correction of C wave (or 3rd wave) down. The 5th internal wave of C wave will rise then it will start moving down. In weekly time frame it dropped in five wave impulse A wave and corrected in B wave. Now dropping in C wave, in which 3rd wave down is in progress, which should be very sharp down and big fall....
Hengan Intl Group Ltd (1044 - HK) is in ABC zigzag down movement, which is actually the part of (B) down sequence after (A) wave leading diagonal. It is now in 3rd wave down of C wave of (B), which is invalidate if it crosses the invalidation level. In weekly time frame it is choppy.
Tencent Holdings Ltd (700 - HK) is in ABC zigzag wave pattern and moving up in C wave up. It is in 1st wave of C, which is about to end soon and 2nd will correct it down. Watch the invalidation level closely. In weekly time frame it is a very strong stock of HSI and in the 3rd wave of 5th wave impulse, which is further subdividing as extended wave.
Around 10.64 was a good entry point after the fall in March this year as with all other equities.
It thrust forward very fiercely like a rocket launcher in 90 degree angles.
Now, it is retesting the resistance at 13.20 level. It may break out and continues to retest the next resistance at 13.56 to 13.94 level. Alternatively, it can conform to the Cup and Handle...
If you think about the landlord business, you think of collecting rentals on a consistent basis, right ?
That is part of what this company do. Building toll bridges and highways in China and collecting toll fees (or rentals). Yes, the Covid-19 will probably hurt its short term revenues as the government halt the collection of toll fees in China. Read article ...
Wuxi Biologics Cayman Inc (2269 - HK) is in 5th wave up of major 5th wave of C wave up in daily time frame. It is now in 5th wave up after sharp 4th wave ended just above wave 1 territory. It also be possible that extension is on the way. But conservatively it is now in 5th wave progress with small invalidation level between. It is also in strong uptrend and...
Alibaba Group Holding Ltd (9988 - HK) is in ABC flat wave pattern in 60 min as the part of X wave down in bigger WXY wave pattern. Wave 2nd is much sharp, which might give one more leg up before go down to 3rd wave down of C wave. Overall market outlook is now positive, so wave 2 can be much deeper.
Hong Kong Exchange & Clearing Ltd (388 - HK) is in ABC wave pattern in 60 min time frame, which might be over, but if it extends as impulse after C wave over as wave 3, then it will further go for one more wave as C wave up. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter. But right now no...
Galaxy Entertainment Group Ltd (27 - HK) is in ABC zigzag pattern in 60 min as well as out-performing HSI index. It has completed A five wave sequence followed by B zigzag wave correction and now moving in C wave up. In weekly time frame it completed WXY downside complex correction with overall strong outlook.
CK Asset Holding Ltd (1113 - HK) is in ABC zigzag wave pattern in 60 min time frame. It made B flat correction, which is about to end soon. But wait for five wave impulse in smaller time frame to confirm the start of C wave up. In weekly time frame it made huge WXY complex correction from the date of inception. Also it should start out-performing HSI to go up for C wave.
CLP Holding (2 - HK) is in ABC zigzag wave pattern in 60 min time frame. It has completed A five wave sequence followed by zigzag B wave. Now price is in C wave up with relative high volume. It is out-performing stock compared HSI index. In weekly time frame it has already completed down side correction and now in upside move.
Microport Scientific Corp (853 - HK) is in 4th wave correction, which possibly little deeper as 2nd wave was complex in 60 min time frame. It is out-performing the HSI and at all time high in daily as in 3rd wave (or C wave) up in daily. Wait to complete the 4th wave to get in to trade for 5th up.
Meituan Dianping (3690 - HK) is now in 4th internal wave of 5th wave up in 60 min, which is the part of daily wave 5 up. One more high should be there to complete the wave sequence will come to around 142-145 level. Also it may possible to extend this move.
