Taking a look at HKEX:2252 , after failing to reclaim 30HKD at the end of March, the price has been falling. And suppressed by a trendline, we see many failed breakouts (H2 TF),tbh this is BRUTAL. So what I'm looking for rn: 1.Go below ATL 16.4, double bottom; 2.A clean breakout on dailyTF, above MA10 better; 3.Reclaim 26.5→30, which is a huge...
Baidu (9888) is currently consolidating between HKD123 and HKD112.80. A daily close above HKD123 could be a catalyst for a quick retest of HKD129.10 resistance or even HKD139. However, a daily close below the HKD112.80, which is also the April-May 2023 lows, could trigger further selling pressure and a potential retest of HKD101.60 support.
Already suffering under the curse of the HK protests, Airline stocks are heading south and now with the Coronavirus and being banned from outbound tours, we are of the opinion that we will see more dark days ahead for Cathay Pacific, among the other airline stocks. Currently, it is settling at 9.58 , may rebound a little and likely to go further south. So long...
Nov 16 2022 will be its Q3 earning report. You can choose to buy before or after depending on how comfortable you are with this company. The China Tech stocks have been badly bashed due to the regulation clamp down. But, the business model remains strong. Let's be patient as the 20th CPC National Congress will end this week and we can expect to hear some...
Trend with stop loss telling why stop loss is so important in stock trading.
HSI went oversold again. China goes down, Bitcoin goes down. BTC seems like it's trading along with China for the past month. Probably a weak bounce tonight, China has been very bearish lately.
Indicators don't show a direction, but I get a weird feeling China will get another pop tonight. BTC has been tracking the Chinese market for the past month, so be careful if you're still shorting shitcoin.
trade within your limits. happy trading. falling to wait for suppor to get in some positions.
- this stock is correcting HKEX:981 HKEX:981 - hold or short until it hits 1st and 2nd support. -May reobound after that.. - very volatile - keep your stop losses and trade within in your limits. trade at your own risk and limits. Happy trading
Hang Seng is supported on the 1W MA50 with technicals both on the 1D and 1W time-frames (RSI = 51.130, MACD = 75.500, ADX = 25.377) neutral. This shows the high accumulation effect that is taking place as the huge Inverted Head and Shoulders pattern (whose Head formed the October bottom) is near to complete the Right Shoulder. Even though there are several...
The Hang Seng Index shows a strong accumulation in the background along with a strong upward breakout. Before Friday's session and US labor market data to be released today, Hang Seng again showed strength and formed a re=accumulation range. The last re-accumulation zone becomes both a big support and a buying zone for today's session. Analysts expect good data...
30th April 2023 Closed above 20k, above 61.8% Fibo and 200days MA are good sign of bullish for HSI. Resistance: 21k
You can see from the daily chart that these 3 stocks have broke out of its resistance level since May 2022 and have gotten the Chinese traders/investors going bonkers over them. I will not rush in at this moment as it has gone up way too high and its financial stability of the companies remain questionable. At this juncture, the US is just starting the trend with...
Trading and Price Action can be broken down into tow simple terms...a 'range bound' market and a 'trend' market. Being able to identify the price action early is key to successful daytrading. In the video I discuss how I like to daytrade Indexes and especially how I look to identify a RANGE or a TREND market. As there really is only TWO WAYs to trade....ie/...
Descending triangle and the appearance of two high wave candle indicate that the bear might be exhausted. Hence, we are looking at a potential buy.
Plans entry on 981 on both ways short and long. Depends where price moves and what will come first. Hope for short first if not it can take longer time for price to reach support.
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