I remember a few months ago there was talk about the Chinese Yuan being the new reserve dollar? Ray Dalio?
The China economy looks so far gone its not even a joke anymore
Government forcing people to not sell assets including banks / institutions
China stimulus debasing the currency parabolically
China stock index failing to grow at all
China no...
a double top pattern
and the next 40% reduction in the price level
this can then move to a triple top pattern
and a major reduction or a HH formation
based on a change in the pattern of usage of the products on the whole
What is Rakuten?
Rakuten Group, Inc. provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile.
Rakuten has 4 bullish factors even though it has bad rumors.
Chat shows bullish falling wedge.
Potential MACD...
No one wants to invest in China now, due to various reasons. But if we inspect the chart of the CSI300, we can see that the price is sitting at a major support here.
1. support resistance neckline
2. confluence with 618 retracement of the up move
3. potential right shoulder of a (potential) massive reverse head and shoulder
4. MACD on the daily and weekly also...
All TEL Group Companies in Japan Achieve a rate of 100% renewable energy usage
Tokyo Electron
announced that all TEL Group companies in Japan*1 achieved a rate of 100% renewable energy usage at plants and offices*2 in fiscal year 2023*3 as a result of its drive to use renewable energy (electricity) that began in April 2021. Through this initiative, TEL was able...
Daily and weekly breakout at the same time.
High daily volumes vs average daily volumes (SMA60).
The first real resistance is around 200 JPY.
Sl right under the daily candle.
Direction: Buy/Long
Probability of success: ~39%
Target: ¥23730 Reward: 88%
Risk: 3.78% (exc. commissions)
Ideal entry: ¥12585
Stop Loss: ¥12190
Risk to reward ratio: 1:23
Additional comments:
Target may be achieved before dropping to ideal entry.
Note: setup will be invalid if target 1 is achieved before the setup is triggered
Toyoda Gosei Co., Ltd. manufactures and sells automotive parts, optoelectronic products, and general industry products.
wait for retracement around 2450 (0.618 + 50MA + support)
Resona Holdings, Inc., through its subsidiaries, provides retail and commercial banking products and services in Japan and internationally.
wait for retracement around 672 (0.618 + 50MA)
Hello!
I was just suffering the web and found this very interesting stock. We have just came off of a reverse head and shoulders spiked now trying to find footing on the current support line. We can see some consolidation while deciding to shoot back up or go down to a lower level for a possible better deal. Can not wait to see what happens next!
Square Enix Holdings Co., Ltd. engages in the provision of entertainment contents and services. It operates through the following segments: Digital Entertainment, Amusement, Publication, and Merchandising. The Digital Entertainment segment handles the design, development, sale, license sale, and operation of digital entertainment contents mainly on computer games....
Forming cup and handle on very high volume, currently a handle with dried up volume (no sellers left), ideally bounce over the 10ma and moves 20-30% higher. Entry on bounce break, stop on handle lows. Handle forming perfectly in the upper 50% of the cup.
the 1st Big Father Candle was followed by 3 consecutive corrective candles.
the next move up was completed by 4 small candles that were corrective by nature (because of their small bodies with long bipolar tails) but this slow move did not even go 50% of the first big candle.
the last corrective candle can go straight down in one push to the bottom line from...
