Awaiting to buy this stock ; 2382This is in my watchlist now. If it comes to the support level , hopefully, I will take a positon.
Please DYODD
0Z4I trade ideas
HKEX-2382 - a good time to buy! (indicator Thewaved)The last signal to buy on this strategy was given September 15.
The price of the asset at the time of entry into the trade was 61.4.
Our goals for this trade are as follows.
Take-Profit is set at 122.8.
and Stop-Loss Order at 52.2 At the moment, the price is moving well in the signal direction, and we we have already had a profit of 2.61%. By the way, this happens quite often after the previous trade is closed by stop, so we opened the position with a good discount. And if we look back, what are we observing then several Long signals in a row - closed by stop-loss order and this gives a great probability of the descending trend reversal. In addition, at the entrance to the purchase, we have already had a great advantage over a huge number of investors. And the most important thing that I want to mention is that the price of the last entrance to the position is higher than the previous exit, and this almost always suggests that there will be a slight price reduction to remove the stop loss orders of other players who has a position at the moment. And such an action can take place several times. And now let's move on to the most important part, statistics.
What do we see from the results The total income on strategy we have 437.28%. The percentage of profitable trades is not so important to us, since the general profit is satisfactory. The profit factor equals 1.979
and this is an excellent result.
And all the closed trades in our strategy are 37.
Sunny Optical IdeasEntered some sunny optical stock and have a lot of confidence due to the recent underperformance of the Hang Seng Tech Index. Looking for $220 and let's see if that happens!
Sunny Optical is facing bearish pressure Prices are facing bearish pressure from our resistance in line with our 61.8% Fibonacci retracement and 100% fibonacci extension where we could see a further drop below this level.
Still can buy Sunny Optical ?A follower pm me and asked about my opinion on this stock.
My last post was here
Currently, there is much selling on this stock as you can see from the past 4 days of red candles , ie selling.
My conjecture is it should find some support at the 200 price level for a while before it decides to continue the bullish trend or falls some more ,likely to 188.20. I would be keen to accumulate on this price if it does fall to that level.
So, yes, I would not be buying more at this juncture but awaits for it to drop to a more attractive pricing before going in again.
And you are right, wait and wait some more......
Sunny Optical 2382:HK hits 10 MA. Bounce time!Sunny Optical 2382:HK has pulled back to hit its 10 day MA which it has historically respected.
It also happens to converge on the bottom of its regression trend channel at $210. There is currently some indecision in the market, but if it trades up tomorrow, it would be a good time to get in, with an initial TP of $223.40 where you might release half.
I expect it to hit north of $250 before retracing - though that may take some time.
If I was a punter, I'd be looking out for a bullish harami in the coming days.
Sunny optical 2382 Correction and go upIt is the Chinese supplier of AAPL and generally follows AAPL. I think that correction will end this week and it will go up
See sanction as opportunity, not threatRead latest article here and here
As a component supplier to Huawei, this new sanction by President Trump causes its price to fall as much as 11% yesterday. Let's wait for the dust to settle before initiating a position.
Sunny optical is on sensitive areaUp or down which way to go? Indicators are showing bearish divergence but candlestick chart shows pin bar on the resistance (21MA) and ascending triangle pattern.
Overbought RSI divergence can really be useful???Is it going to pull back before getting higher or go straight up???
As shown in the chartNo position yet. Waiting for 111.5 for entry, and TP of 120 for long. If 111.5 becomes a resistance, then consider shorting. A reason TP for shorting is 106.
Some InsightsSome insights with sunny optical. No position at this moment, but I labeled out some ideal support zones and resistance zones. Hope this helps.
A Bullish setup for Sunny Optical28/11 Bullish Breakout with higher volume than average, bundle with recovery MACD & bullish RSI
VectorVest Confirmed Up Signal & Ichimoku AnalysisWhen you see the confirmed up signal, it does not mean that you buy stock on the next day. As a technical analyst, you also watch the best price action.
In this example, I use Ichimoku cloud analysis.
Long Term Stock Investment ExampleFor those students who use VectorVest “Midas Touch” long term investment strategy.
The calculation of MA Stop and MA is different. I can hardly align exactly SMA to MA Stop, therefore the crossovers appear in this graph are slightly difference.
First of all, please go to VV University to learn how to use Midas Touch strategy for long term investment. Then, study this graph a few times.
Steps
1) Draw some support trend lines on your graph within this period. (since Mar-2016)
2) Align Fibonacci Fan base line to a support trend line. (See the three orange arrows)
3) Spot any Buy / Sell Signal from your VV platform.
4) Tell yourself what Fibonacci Fan levels this stock follows.
