The stock broke the 4 mths correction zone on 02 Nov, probably with Chinese Gov policy support.
It retraced to $20.15 at the Fibonacci 0.5 level and expect an AB = CD pattern.
Entry Point: $ 22.50
SL 1: $ 20.6 ( MAX 8% SL)
TP 1 : $26.30 (Profit: 17%; RRR- 1:2)
TP 2 : $28.85 (Profit: 28.22%; RRR- 1: 3)
The $210 roof was tested twice and the third time should be able to break through, as the overall sentiment for new generation electronic automobiles is quite positive.
$168 is the new bottom, with the SL max at 8%.
Entry Price: $182.50
SL: $167.60 (max 8% loss)
TP 1: $ 211.60 (15% gain; RRR - 1 : 2)
TP 2: $ 248.50 (36% gain; RRR - 1 : 4)
NongFu Spring is retracing back to the 0.618 level and expected to bounce back up.
Expected Entry Point: $41.25
SL: $ 38.00 (8% loss) about the previous consolidation period roof
TP 1: $ 47.95 ( 16.24% gain - RRR: 1:2)
TP 2: $ 54.15 ( 31.27% gain - RRR: 1:4)
The F&B sector in the HK stock market is doing very well, such as Meituan (3690) and Yum China (9987) as China has very good control of COVID-19, and people and returning to their normal lifestyle.
This stock has a 38% growth within the last 10 days, therefore I assume there would be a better entry price after the retracement.
EURUSD has been going downward since 2019-01-10.
It had a false breakout outside of the downward
channel on 2019-03-21.
It is reaching a key level of double tapping 1.1185
I expect that it will go down to 1.1125 and bounce back up
The FX:USDCAD upward channel is going to hit the previous resistance level of 1.3327
and the current price is the mid-bottom part of the upward channel.
This currency keeps creating Higher High and Higher Low.
I suggest to wait unit it comes back to 1.3178 (Entry) to LONG
SL: 1.3138 (-40 pips)
TP 1: 1.3218 (40 pip2)
TP 2: 1.3258 (+80 pips)
TP 3: 1.3321 (+143 pips)
Expect EURUSD will go up a in short term, due to the following reasons
1.) Previous Support Level at Current Price (1.1335)
2.) A broke through of a down trend channel
2.1) Tapping back to the top of the downtrend channel (retracement) and expect to go up
SL : 1.1295 ( - 40 pips)
TP 1: 1.1375 (+ 40 pips - 1:1 ratio profit)
TP 2: 1.1415 (+ 80 pips - 1:2 ratio...
1.) RSI and the Price action are going towards difference directions
2.) XAUUSD is keep testing the 1229.50 level
3.) EMA is getting narrower
4.) A long bearish pin bar has broken the upward channels
Therefore, I believe it will go downward for the next few days.
Sell EURJPY at 127.90 level, as it broke the trend line and retrace. It will be bounced back down now.
127.90 is also a strong support and resistance level, which was tapped many times.
Risk Reward Ratio is over 1:2 for TP1