AMEX:YINN YINN is now in an uptrend with an increasing cloud score
and upgoing BB boundaries. Stop Loss at the double bottom
while the first target is the recent consolidation period
with about 15% upside to that take profit and about a
2.5 Reward to Risk
All this makes YINN a candidate for a swing long trade
Well. if you are following the news, China is reopening, the demand of microchips has been like in 2018 and more, Macau is reopening and Alibaba is selling like crazy. Technically you can find a huge symmetrical triangle like in bitcoin and other stocks, that could take it at least 40% from here.
Technical analysis on the YINN, it is a Chinese bullish 3X leveraged ETF with the largest holdings including Tencent and Alibaba. I am a huge fan of Chinese tech stocks, the Chinese market is massive and constantly growing as Chinese regulations becomes more lose (which if they want to compete with the United States it will) then Chinese stocks will start reaching...
This thing has been falling for 4 weeks non stop. Its quite standard for market crashes to last this long (see covid, and a bunch of other dow crashes in the early century) and the stock has started to go up. Could be wrong, but thats what stops are for.
After falling 77% from ATH to a level lower than Mar2020, I think YINN is ready to reverse.
What is forming maybe a head & shoulder pattern inside a diamond pattern.
Measured TP of H&S is 18. I think it will go to 16 first, then retrace to 13 before going to the TP at 18.
Many Chinese stocks are already making HLHH like BIDU, JD, NIO, VIPS, LI.
Logarithmic regression is used to model data where growth or decay accelerates rapidly at first and then slows over time. This model is for the long term series data (such as 10 years time span).
The user can consider entering the market when the price below 25% or 5% confidence and consider take profit when the price goes above 75% or 95% confidence...
Leveraged products often "reset" overnight, and essentially track the underlying assets movement during market hours only. So if an underlying security pops 10% between close and open, the leveraged product gets priced that morning, against the open of the underlying asset. In theory, that movement wouldn't be captured by the leveraged product. At least that's how...
Looks like the market find the short term bottom, IMO. Bought Oct. 1st $9.5/$10.5 call vertical for $0.67. All I need is $YINN close above $10.5 by Friday expiration to realize $0.33 profit, about 50%.My break even is $10.17.
The instrument seeks to return 300% of the daily performance of the FTSE China 50 index. The fund provides daily leveraged exposure to the index. The index consists of the 50 largest and most liquid public Chinese companies currently listed on the Hong Kong Stock Exchange.