China: Morgan Stanley scenario: Chinese stock indexes could plunge by another 20% from current levels over the next six to 12 months — and potentially remain lower for much longer if the hypothetical stress scenario persists. China’s GDP could slow drastically, averaging 2% growth in 2023. More than 11 million people could lose their jobs, likely sending the...
W have a nice looking Cup with Handle with Nintendo Trading near the Bottom of the Handle and Diverging if things go smoothly we can easily rise 20%-60%
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ The left-hand side monthly chart shows us the overall scenario...
Since the Bank of Japan shocked global markets in December ‘22 by widening the Yield Curve Control trading band on 10Y JGB yields from 0.25% → 0.5%, TOPIX Banks have been on a one-way surge upward. TSE:T17B index rallied +7% on the day of the policy meeting, and +25% within days thereafter. The three Japanese mega banks Mitsubishi UFG (TSE:8306, NYSE:MUFG),...
It has to break out of the resistance level at 234.30 before it can rally higher. Note that this is a fairly strong resistance level as it has been resisted several times. Also, there is a possibility that it might retrace to close the gap around 203 to 209 before going higher. Please DYODD
As you see on the chart we have the breakout with force the vwap indicator and the resistance line by a big green candle so it's mean that we will have a big probability of an uptrend.Thanks.
As you see on the chart we are in a bullish channel situation. We will have a reversal trend (downtrend) if the vwap indicator and the support line are broken with force by a big red candle with a large red volume. In other hand we could have an uptrend continuity if the resistance line is broken with force by a big green candle with a large green volume. Thanks.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ The pattern is great, perfectly balanced, compact and with a...
CSI 300 Fundamental By :Masih Rezvani_Ph.D Chinese stock extends gains ahead of Lunar New Year China's CSI 300 index gained 2.6% this week as foreign investors continued to buy local shares on the back of the nation’s economic reopening and pro-growth policies. The CSI 300 Index rose 0.6% Friday, capping a fourth straight week of gains. The gauge is up just over...
Touching Falling Resistance line (top of Triangle) Watch for Breakout Trade levels are marked with stop loss and TPs Do Proper Risk management
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ Great pattern at the all-time highs. This pattern shows a quite...
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ Nice pattern at the all-time high and along the 200 Days EMA. The...
The points outlined in the chart give off a bearish vibe for MITSUBISHI HEAVY INDUSTRIES, at least until the next support level (dashed line).
Apparently, we are still in a bear market. SSE surged 20% in July and 12% in December respectively, and encountered strong resistance at 0.618 Fib area. If SSE make a fake break out at 2863 and stand above the previous low, it will highly likely to start the real bull market. Considering the covid 19 policy in China, the national outbreak is happening right...
we will see how it challenge the highest point in the history :)
Major 30 year bull trend line seems to be respected. Though... many lines crosses here as well. It is a very narrow band with to, each now either up BIG, or down BIG. All other chines indices indicate somehow the same for BIG up or BIG down. Im at the short side... Will see what happens here.