The rise and break of the level in the red zone gives strength in the direction, either to continue the ascending channel or direct direction to the level 7.78, as happened previously.
A follower asked me if he can start scooping up China banks since it is so low now.
I find it hard to answer this question because it is not a straightforward YES or NO.
We can see that ICBC has reached a peak of 7.50 in 2018 and for the last 2 years and 9 months, its share price is heading south.
Today, there is a 4.5% jump in its price. Nothing to be...
Hi friends
the weekly chart of this market shows that it will experience a downtrend but also we must be vigilant of the change towards the opposite direction
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We remain concerned waiting to go out in the dead zone in dark yellow either from the bottom we are sellers or from the top we are buyers, we are in M15.
Make a guess first before clicking this link ? Which country do you think scores the 1st position ?
I randomly asked several people and their answers are all the same - USA.
Yes, most would not believe that a China bank can beat even our 3rd contender; JP Morgan in USA. Of the top 10 companies in this list, half are from China. WOW!!!
Let's take a look at the...
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,...
industrial and commercial bank of china.. short for the next weeks...
-but if the price goes up and breaks the mov av 200..thas means the trend is strong..and the nearest resistance is level 6.06
It is a weekly chart so will take a long time to see those scenarios
