long position on 600028My strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
Trade ideas
China petroleum may rise because of world situation around warI hope most of you have an idea about how would oil price impact the current economy & financial stability around the world. What I mainly concern is that Petroleum company shares could surge in the near future.
China Petroleum (386.HK) - Bearish divergence spottedSub-wave analysis suggest that China Petroleum is heading for a wave -4 correction to the nearest support zone at 3.91-3.96.
#386 expects to extend its momentum.Hi Everybody
#386 expects to extend its momentum, targets for the BLUE LINES, and stops if closes below the RED line.
Money Flowing InWe are getting fresh momentum to retest the quadruple bottom of the first half year and the October top again.
LONG 386 (Sinopec)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Support ZoneAt least since July we are trading in a range. The more the price is sticking in a support zone since the beginning of August. If it can gain new momentum a good rise is possible.
RecoveringWe have retested the low of August 10th and are recovering now and may retest the upper boundary of the range persisting since July.
0386.hk long.0386.hk swing long. on watch list since 4/sep. in long position at 7.39 when 5-3-3 stoch in good sync on daily and hourly, when in range 0.618 and 0.786 Fib pull back. Stop loss at 7.24. possible another shake out around 11-12 sep. watch con/divergence with oil future. target time 2-3 weeks holding.
