JICPT

JICPT

Hello everyone. Microsoft has been down by almost 20% from the historic high of 349ish created on late Nov. of last year. I got two reasons for the bullish setup: 1. Mid-term MA has been respected well since June of 2016. 2. Structure on weekly is aligned with daily. Though, the second layer around 227-2336 is more solid with another 16%-20% down from the...

JICPT

Hello everyone. NIO has dropped by almost 60% from the high created on early Jan of last year. On the monthly timeframe, the solid demand zone is $16-$20 with a rally-base-rally pattern. On the weekly timeframe, the key levels of $33-35 violation trigged sell-off. We can see that the long-term MA in red color served as holder for a while. If the current...

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Hello everyone. S&P tumbled with other indices last Friday. Frankly speaking, it was really ugly on the daily chart as it closed below the long-term MA for the first time since late Feb of last year. How further down it might go? On the monthly chart, it's still in the bullish uptrend. The firm demand zone from my view is around 4050-4200 . That's another ...

JICPT

Hello everyone. I've published an idea regarding the potential target of crude oil from the big picture. I've mentioned it could test $114 with more details in the linked idea below. Soon after the publish, a new strain of covid-19 came out with the name of Omicron. At the first few days, people only knew that its transmissibility might be high and got no idea...

JICPT

Hello everyone. The idea I published on Nov.12th regarding the gap long setup worked very well for Tesla. You can refer to the linked idea below for more details. Setups like this needs patience. It touched the zone 3 day ago. The next pressure zone for the stock is around $1075 where key fib and supply zone sit. Just stick to your plan and focus on the...

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Hello everyone. It's been almost 11 months since I posted the idea titled 'Bearish view on SGDCNH(potential low 4.63)'. You can refer to the linked idea below. Yep, I'm right about the direction and move. SGDCNH fell sharply by move then 2000bps since I published the idea. I can see the downtrend line is still well respected. Price seems to be consolidated for a...

JICPT Updated 

Hello everyone. GBPUSD started to got my attention on the weekly chart as it reached my long-term MA(red colour) and 50% fib retracement . So what's the trend on the weekly? Depending the period. Take a big picture, it's still in the bullish uptrend. On the daily chart, however, we can see the downtrend channel got well respected. So, waiting for signals....

JICPT

Hello everyone. I've recommended a very successful daily bullish gap fill trade a few weeks ago with a max return of 24+% . The recent fall with the broad index started to attract my attention. Weekly: $303-307 with uptrend line served as holder. Daily: Another gap pending fill with a zone of $306-310. Combine the weekly and daily, $303 to $310 would be...

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Hello everyone. I've been on a business trip for over a week and got no access to TV from the hotel. I think it may not be too late to talk about the new strain-Omicron. The news that the first case was found in EU as well as US triggered a wave of sell-off. Investors were worried about the new strain due to its transmissibility. Back then, scientists need time...

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Hello everyone. SEC has finalized rule that allow it to delist foreign stocks for failure to meet audit requirement. Rumor has it that the rule is aimed to target Chinese stocks. Didi, a ride-hailing companies listed in US a few months ago, announced on Friday that it plans to delist from New York Stock Exchange. That triggered selloff of Chinese stocks, BABA...

JICPT

Hello everyone. What a volatile week for investors. I just got the time to write down something after a busy week. First of all, Fed turned to be hawkish. Taper may be accelerated according to what the Fed chair said earlier this week. In addition, He said transitory should no longer be used to describe inflation. It seems fed started to realize inflation...

JICPT Updated 

Hello everyone. Now, the focus is on the cold temperature that may give natural gas another push to the upside, even with a over 166% rise since April this year. I'm a bit bearish on the natural gas after the winter if inflation would be contained by the government. On the chart, price is facing pressure from the red downtrend line , whilst get support from...

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Hello everyone. VIX formed a huge gap-up pattern today, and global markets tumbled with a new dangerous covid variant found in Europe. That triggered international concern because the vaccination may be less effective against the new strain. Investors got scared. Nasdaq was down by over 2% with crude oil and US 10Y yield tumbled by over 7%. Scientists are...

JICPT Updated 

Hello everyone. BABA plunged by more than 10% in US after earnings missed expectation. Days ago, I've published an idea that I drew demand zone around 162-164(refer to the linked idea). Price got response at the first place to rebound to $171. However, the zone got violated firmly soon. Demand zone turns out to be supply zone . To be more specific, if the...

JICPT Updated 

Hello everyone. Copper got my attention of looking for potential long opportunity after dropping by 11% . The reason is as below: 1. Economic recovery(Macro) 2. Price fell from top of range numbered 4 to retest bottom of range numbered 2. 3. solid demand zone with flip structure. The issue is the red downtrend line. If copper can take that line out, it's...

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Hello everyone. Nasdaq slipped by 1% amid rising US 10Y yield and VIX . US 10Y yield : It's approaching 1.7%. The normalization rate is around 2%, however, the rising yield from historic low would weigh on the tech-heavy index. On the other side, if the growth keeps on surprising investors, that would hedge against the rising yield . VIX: the control...

JICPT Updated 

Hello crude oil traders and investors. Days ago, I've published an idea titled 'Where could crude oil go this time from the big picture'. I mentioned $114 is the possible target. Recently, crude oil fell on the rising covid-19 cases in Europe(Austria partial lockdowns) , and potential release of Japanese oil reserves. The circulated news sparked concern of both...

JICPT Updated 

Hello everyone. Directly jump to the conclusion, I think crude oil might go testing the level of $114 it created in 2011 due to global economy recovery and chart patterns. To better map out, I marked the key turning points on the monthly chart with brief description that I believed to be the reasons behind the movement. I did my homework, so let me know if I'm...