Slightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too.
on technical aspect , price has broken down descending triangle which target around $53. Price will likely to stay sideway along the 45-55 range before confirming a trend reversal.
Affected heavily by recent technological advancements, the sector may soon attract Chinese regulators' attention. Background 2021 turned out to become a positive year for China's healthcare industry, where the gigantic demand stems from the aging population, growing individual wealth, and – more importantly – the COVID-19 crisis' aftermath. The market has grown...
Haha, this is my first maiden video tutorial on Tradingview. I hope it would be helpful in some ways to clear the doubts of those who are exploring or using trend lines in their charts. Now, of course, there are many ways to draw trend lines and 2 persons looking at the same chart can draw it differently. But , I believe the big picture is there. Please feel...
JD HEALTH as retail pharmacy has started to be online, and notice increase of sale retail is now online multiple supported showing JD Health have been ranging near the IPO price, premature Head and Shoulder is forming up. Currently it's at lower zone, expecting as break out happening soon with the lower range support to TP1 $124 and above.. If support break we...
Read latest news here and here What will be the new US President , Joe Biden stand on US-China relationship ? Will he continue to impose trade tariffs like Donald Trump ? How about the delisting of Chinese stocks on Wall Street ? If the latter continues to happen, we can expect more Chinese companies returning to HK to get a second listing. Chart wise,...
JD went back to test the trendline, good entry point !
JD health also broke out the symmetrical triangle with strong bids. Price could retest our entry where the previous swing high was before rallying further!
double bottom and the reversal is begining for 161hk again!
the decline has finished ,it closed too far away for the days lows and price target min for trading daily is 168,1