China A50 gave a buy signal on Nov 1st 2019 on day charts, as indicated on charts.
As we see now, price has formed a higher high and we will deep dive into the hourly and monthly charts for cues.
Look out for retracements and if price continues to make a higher Low, then treat it an entry point to buy more
Adding my earlier studies for different perspectives on...
Wow, def digging this stock....it's like the $AMZN of $AMZN. Anyone hear of this "China" company?
Fundamentals seem decent. Lots of employees. Low costs. Not sure how EBITDA translates into Mandarin, but it seems like an easy long to me.
23,000 in the next 18mo.
The China A50 index ( click here to see its components ) has been trading in an ascending triangle consolidation pattern for the last 5 years.
It broke out in July 2020.
From July - October 2020 it's been trading tightly inside a bullish pennant. The last few weeks it's shown relative strength in a relatively weak environment, and now looks to be firmly...
China A50 Index
- Holding up well above its Mid Term Trend Support despite U.S and European market plunge.
- Technically the index remains in a long term uptrend formation.
- Pending price action to breakout of its sideways resistant to go for a Super Bull Rally.
- Downside to easily look at its Mid Term Trend support. Once void will need to head to its Long...
CHINA A50 Is breaking above resistance keep holding or whait for a breakout
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