Hong Kong is following other countries to reopen part of the city to allow some workers to return to office.
Food is an important and necessary part of office workers life. I mean, they have to take their lunch, coffee breaks, dinner ,etc. So, what business will come to their rescue ? That's right ! Food and beverage business, the restaurant. But not just any...
HSI was running a ascending wedge
the false breakout of four resistances confleunce resulted a selloff today
the golden timing to entry a short position was last Wednesday as I had mentioned
now I will the take half of the profit by the end of today
and move the stop loss to entry level for breakeven
also wait for a pullback (expected in this week)...
HSI future forms a wedge making me bias to bearish.
Today, it breakouts the previous swing high, EMA50, and a mid-term downward trendline, and immediately drops below, expecting to close as a pinbar.
A classic false breakout setting with 5 conflence factors (also considering the fib retracement, and the long-term resistance).
A 2.5 risk-reward trade will be enter...
This is the world no. 1 Global Major Appliances for 4 consecutive years.
Summer is coming soon in 2 months time and the purchase of air conditioners will be on the rise again along with humidifiers, portable air conditioners, etc.
Study this company in greater details and you will be shocked to know how BIG they really are and powerful in China and beyond....
Apparently, based on the daily chart, this bank has fooled traders a total of 6 times to long the stock. But if you calculate the value of the share price, ie. bought at 5.59 on 31 Oct 19 and you hold till now, your paper loss is (5.59 - 5.23) = 0.36 which is very insignificant.
With China now re-opening its economy, banks will be busier than before. After all,...
I assume Asian markets will fill the Gilead gap because US and European markets did. Then probably a bounce because the Chinese govt isn't going to let their market tank.... not without a fight at least.
Asian markets like to pump on Monday nights, we'll see what happens here shortly....
Hello! $HSCEI -- is forming a very clear bearish ascending wedge which will likely push up into the already broken down h&s neckline + the FIB 50% level... I'd go short around that area. GL
Hello Traders,
today I like to show you the Hang Seng Future (Current contract in front) to show you the wave structure.
On a daily timeframe, we still observe, that the close on April 17, high @ 24689 (intraday) and @ 24356 (closing), Hang Seng possibly finished a wave „4“ of Minor degree (the degree is not that important, let`s check the structure).
If this is...
I think whether the market goes up or down Monday depends entirely on if the Chinese and other Asians to do a gap fill first (much like ES1 gap fill).
So it could go either way Monday, but I'm bullish for the week until MFI gets overbought on ES1 or FDAX. Note that does not mean it will go up every day....
