the strong red bar that broken the wedge a few days ago signaled the start of 1-2-3 pattern
at point 3 today, it will be an strong engulfing pattern
it is also a false breakout of 1) horizontal resistance, 2) a long-term downward trendline and 3) 50 SMA
I have three indices in mind: NASDAQ > SP500 > HSI, and HSI is always the weakest candidate for short
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Should test 12.1 during the earning season. If the earning beats, I think it’s possible for Xiaomi to hit 13.6 (13.3 for safer targets). Overall bullish, but I would not enter unless the price hits 11.2. SL 10.8.
Hang Seng futures (HSI1!) is in WXY down cycle from the top shown on chart. It has completed X wave as triple three correction. Y wave is already started down as A wave.
Sands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 32.70 with C (W - internal of Y wave down) as target.
Sands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 33.30 with C (W - internal of Y wave down) as target.
Hang Seng Bank - HKEX looks progressing for wave 5 down. It is under-performing HK50 index. Sell in 2nd wave corrective up with stops above 140.50 for target below 125 level as 5th down.
In Daily chart, it breaks out the previous downtrend channel. Now, go to 30m chart, I am looking for triggers.
If 30 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
On a typical weekend, many would flock to the shopping malls after working hard for the last 5 days. They will have meals at restaurants , check out the latest movies, go shopping, relax and catch up with friends at Starbucks, etc. Of course, all these activities were what many did pre Covid 19 days.
But, with China now recovering and the city reopening, are we...
Don't despair if you did not get into this company at the IPO price.
It might come down a little more for you to buy though not at the IPO price. Put this in your watch list.
Golden Resources (GRD) is GRD is a principal importer, wholesaler and marketer of rice in Hong Kong, and this is a stable but boring business. At first look, Company looks like it is a HK rice importer from Thailand, etc. However, more than 50% of its revenue actually comes from leading Convenience store chain in Vietnam (54% revenue contribution in 2020E) which...
This stock might surprise you as it is one of the leading software companies that target Small to micro companies in China. It is the leading ERP (Enterprise resource planning) software company that brings extreme efficiency in finance, accounting, inventory management, etc. No.1 company in China is Yonyou and Chanjet is the key subsidiary company of Yonyou....
