Today I don't want to talk any technique analysis on HSI, I just would like to say something else——the Fundamental Situation.
What make HK one of the largest finance centers in the world?
Freedom and Rule of Law.
Because of this, it can be as a window for the mainland to the world.
If freedom and rule of law are eroded, all will gone.
Now the gloom is deepening...
The bitcoin is correcting after a steep diving now.
Some crucial levels are as follows:
Resistance 1: 8650-8800
Resistance 2: 9340-9600
Now the price is moving under resistance 1, which manifests that it is weak.
If the price break out resistance 1, it begins to shock in short term and it is much likely to hit resistance 2.
If the price break out the...
The gold formed a double top after shocking in a high level for near 2 months.
The price broke out the neckline of the double top in the end of September and it is pulling back because of US PMI is bad enough during last ten years.
It will provide a good chance to sell again.
1. The 0.618RET is at 1519 and the 0.5RET is at 1508.
2. A good supply zone is at...
Zoom's price was volatile after its IPO.
Now there is a bullish bat pattern which will complete near 65.5, where a good demand zone locates.
So it is good to buy at 62-66 when bullish signals appear in this PRZ.
SL: below 59
TP3: 102 and further more
Indeed, BTCUSD consolidated for a long tiem to form a triangle top, which has been broken out with a sharp plunge.
Where BTCUSD will go after the triangle broke out?
Firstly, from the traditional method, it can be measured by the triangle's height, because the target is the same height as the triangle's, which is near 4700.
Secondly, in the weekly chart, a very...
Nature gas has jumped since 23 Aug, which got a near 30% rise.
There is a retreat, which may stop at 2.40 which is a good demand zone.
If the above demand zone cannot stop the drop, buy at another demand zone, 2.27, the neckline of the bottom, 0.618RET.
So two plans for NATGAS:
Plan 2 is...
Shopify advanced fast in last in last half a year though there was a sharp drop recent.
A good demand zone worked because the price began to rally after hitting this zone.
So buy at the demand zone.
TP: 380 and further more
Though the price is high now, it would be higher in the future.
The CORN moved as expected in last 3 months.
Now a bullish bat pattern has completed near 3.40, which is also a monthly demand zone.
Meanwhile, the price has began to rally beyond this level.
So it is good to buy when the price pulls back.
SL: below 3.33
TP3: even to 4.9
ROKU had a steep decline in last two weeks because its big competitors have began to enter its field, which may squash its space very much.
However, we should not worry about its future as ROKU has its own advantages.
There is a fresh demand zone at 87-102 levels which may stop the diving.
So buy at this zone after the price hits this zone and bullish signals...
It is clear to see that an essential level locate 106.5-107.0, which plays a crucial role, resistance and support, in the daily chart.
Now the price has already broken out this level and is pulling back. so it is good to buy here.
Meanwhile, there is a good demand zone in this level.
SL: below 105.7
TP2: 110.3 and further more
GBPJPY rose very quickly in recent weeks as expected.
But a pullback may happen in the future because the uptrend line was broken out.
In other word, a drop is coming in short term, but rally is still on in long term.
Where is the end of the drop?
Of course, the 0.618RET of the previous rally is a good destination.
Meanwhile, there is a good demand zone at this...
There is a new strike against General Motors after 12 years because GM dumped health care for striking workers.
There is a passive prospect for GM because much too powerful UNION is bad for manufacturers, especially for GM.
From the monthly chart, we can see there is a contracting triangle, which may be a reverse pattern or a continuous form.
If the price breaks...
From the weekly chart, it is clear to see that a good demand zone is at 37.5-39.
Meanwhile the price has hit this zone and a bullish candle appears in this zone.
So buy at 37.5-39.0
SL: below 37.0
The WORKIVE had a steep drop because of the trade war, but it began to rally at the a demand zone.
The good demand zone worked at 41.2-43.2 in the weekly chart.
So buy at this zone.
SL: below 41
It will be very cost-effective trade because the risk/reward radio is more than 4.0.
Is there any better than this?
JUMIA has a big shock after its IPO, which rocketed and plunged after that.
Now the price stops dropping and begins to consolidate near 10.
We don't know whether it starts to bottom up, but if the price break out this zone and pull back, then the bottom will be conformed.
So if you are a radical trader, you can buy some now and set the SL below 10 .
If you are a...
Pinterest had a sharp drop from 36 and stop at 27 where a good demand zone locates.
Meanwhile it began to rally from this zone, which manifests this zone is true and effective.
So if the price enters this zone again, then we can still buy.
SL: Below 27.0
TP2: 33 and further more
The Bitcoin began to move slowly in last week with the amplitude 2000usd.
From the chart, it is clear to see that a contracting triangle is completing.
We all know that the contracted triangle is a relay pattern or a reverse pattern.
If the price break out either of the triangle, it is most likely to rocket or plunge.
But now, the price is moving in a small shock...