Nearing the end of the trend, negative divergence on the weekly.
Responsive market activity at Bellcurve 1 and price consolidates around the ''mean'' Most likely scenario.
Initiative market activity at Bellcurve 2, value trades lower to bellcurve 2.
Couple of things to unpack with Softbank, 9984:
#1 Lower 78.6% high from previous peak
#2 Previous peak was reversal off a massive long-term wedge resistance marking major tops from 2006
#3 Broke down from 30M SSR and key MA support
#4 Softbank is super levered and materially dependent on unicorn valuations for its acquisitions to keep 9984 share price up. ...
Japan has long lost its charm to the international trading community. It has been a boring place to trade in for the past two decades, pretty much. In a mature market like Japan, you can't expect explosive growth like you can find in China.
However, this market offers a great source of diversification and income potential, if you know where you are looking.
Buying Nissan Motor Co. on the open. SL=766.20 TP1=805.20 (assuming entry is near 789,.60.) Nice ascending triangle with increasing trader disinterest.
Close 1/2 position at TP1 and move stop on the remainder to break even.
Follow stops on remainder until the trend ends.
Another China Roaring 2020s stock called Inner Mongolia Yili. It is in in the consumer non-cyclical sector, involved in food processing. It processes and manufacturers milk products that I, personally, enjoy drinking. It tastes so good. In 2018, it was the world's best-performing food brands.
Not only are their products worth trying, but their...
This is another China Roaring 20s stock. I enjoyed the stay at one of this hotel's premium hotels. The price tag was $300 to $400 US dollars per night. It was the tallest building in a city called Nanjing. What's more, there company's bottom line is back after its stock took a hit from the 2015 slide from 40. Although this small investor cannot afford buying...
Another China Roaring 2020s stock. Once can observe that from 2006 to 2011 this equity rallied, was effected by the 2008 financial crisis like most other equities. And when global markets stabilized, SANY continued to rally. 2011 was its peak and 2016 was its bottom. In between this time, this stock has created a triangular-shaped range. In that large range, it...
Continuing on the theme of China and its coming "roaring 2020s," I also post about Qingdao Haier. I walked in several markets and found this company displayed on shelves. Also, I like the quality of its air conditioner, refrigerators, washing machines and other home appliance. It competes with GREE. Haier is more trustworthy than GREE among the circle that I know.
Pharmaceuticals have done well in China over the long-term for many years. Given the quality of JiangSu HengRui and its perpetual growth, there is no reason why this trend should abate over the long haul. This stock is immune to a trade war, yet not immune to business cycle risks, which has caused turbulence for weeks to months before.
I am a little late to...
Short term - short (but not in a position so just waiting),
Medium + LT term long.
Why? Well a couple of reasons. Despite the retraction in sales and profits in the construction industry in Japan as evident from Ueki's results there are some rather signs of value.
I haven't even started a full accounting of undervalued Japanese stocks yet but can see that I will...