Key Markets: Ratings Yesterday evening I reviewed several names in my report THE SUM OF THE CHARTS. These included NPN, GLN, SSW, AMS and more. For more research insights (including trade ideas) get in touch today.
Tencent is having a relief rally this morning and looks to test the down sloping 20ema. 380-387 is a major resistance zone.
Tencent break in uptrend structure - Bearish Tencent has eventually broken below the Uptrend structure after fantastic upside. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle ). 21<7 price>200 - Reversal RSI <50 - Bearish Target 312 I just did an analysis on Naspers which we spoke...
700 wave theory forecast on stock prices trending in short term trading.
Tencent has bounced of a support line "buy point 2" and is now close to a resistance level. There have recently been positive catalysts around Chinese stocks, such as the "Golden Share" and SEC reporting. The MACD indicator is close to a crossover.
Key Markets The attached screen is a snapshot of the major instruments I look at to start my day. Accompanied are the momentum readings for multiple time frames starting at 15, 30, 60 and 120-min.
Tencent stock’s downtrend price probably stalled @ confluence zone of 1) lower support of parallel line 2)Demand Zone
#marketprofile #volumeprofile #orderflow #chartanalysis #chartporn HKEX:700 ***** I use this platform as a way to organize my thoughts and plan for my personal trading for the sessions to come. Do not misconstrue this newsletter as actionable trading advice. I am simply sharing my thoughts as a market operator through this newsletter, which helps me get my head...
This has been a nasty decline in less then 2 years and no support in the near term while we are below 295
or are these chinese stuff going into dumpster fire it is already a dumpster fire...xi is just spraying it with more fuel
Price action and chart pattern trading: a possible rebound scenario > Elliott Wave projection - falling zigzag ABC correction wave channel now at C-wave 0.786 extension of A-wave at the key level support. > Downtrend target reversal position of the major top HEAD & SHOULDERS with double bullish divergence signal > Target rebound > SMMA 50 key upper resistance POC
Read latest articles here , here and here . There is a Chinese saying that "Big trees attract the wind" which means that a tech giant like Tencent has certainly has the Central government hawkish eyes on them for a long , long time. The recent slew of measures imposed on them over the last few months seems like a bottomless pit (as one of my followers said...
The second position opened at 290.96 and closed at 279.02, with the volatility rising I decide a protective approach, in order to protect my profit. But my vision is still Short, let's see what will happens
The Bear Market is continuing for this stock, and it seems don't want to stop let's see how far will go.
Price has played out as my last analysis. Price is currently mitigating the bearish POI at 321.0. On its way up, it created sell-side liquidity. Right now we should keep a lookout on the lower timeframe for confirmation to see if price wants to continue upwards. From here, the most probably move will be a bearish retracement to take out the sell-side liquidity.
Price breakout downtrend line with upside gap Entry : 320 TP : 342 SL : 303