BYD, the Chines EV-carmaker has risen (once more) to a new ATH at HK$ 164.- this morning. My price target called out at my latter analysis at HK$ 170 is close to be reached.
The move from the lows at HK$33.60 on March 23 is developing in a „base-channel“ (blue channel lines). The breakout of this channel, on July 3, gives more confidence that a wave...
since the high at 12018.65 on October 21 NIFTY50 is correcting in a „three-down“ which developed within a trend channel. It is not important if this move was an a-b-c or a w-x-y move. The consequence would be the same after the c or y-leg is done. A push to the wave b or x high at 11974 (red arrow)!
Using the Donchion channel to see support and...
NIO has achieved my target zone as mentioned on Sept. 19 at $26.- and above.
The move from the low on March 18 at 2.11 is betted in a trend channel. It could be possible that the high at $29.40 was wave 3 and the next move should be a corrective one to develop as wave 4 of the same degree.
If so, a first target could be around the $22.56 area where...
my latter analysis for BYD was so to read:
„BYD, the Chinese carmaker has risen to new ATH`s this morning. It closed trading at HK$13.45 and gapped above the former resistance level of HK$ 129.8.“
Today, BYD, the Chinese EV maker set the next All-time-high at HK$ 145.60 on a closing and intraday basis. Orders for the companies best selling car, the...
Hang Seng made a high on July 7 at 26782.6 and declined after to 23124.30 on September 25!
This move was embedded in a trend-channel and price peaked below the lower boundary at the low of this move.
Since that low HS returned to nearly the upper boundary of the channel and a „breakout“ above the upper line would imply a push to the possible wave...
NIFTY50 has fulfilled the minimum expectation for a complete impulse move – a new high above 111794. This high was at 12025 on October 15 (see daily chart).
Today`s high was at 12018.65, left a „Doji“ at chart and a/d-ratio closed flat.
There remains one open target at 12181.60, what would be the 0.618 Fibonacci of wave ((i)) that ended on...
the low at 11661.30 on October 15 is valid. This occurs with a weak a/d-ratio of 0.28 and the recovery since is weak too.
Yesterday's trading session brought a ratio of 1.6 and an advance of 82.10 points.
The structure of the decline from the possible wave ((iii)) high @ 12022.05 is not as clear as it seems to be.
Either it peaked at this high and...
today, NIFTY 50 declined 2.43% or -290.70 points. This was the largest decline since the advance started on September 25 and it was larger than the one from August 31 (-2.23% or -260.10 points)!
While N50 made a new high today we can count the impulse as complete and a change of trend lies
Today`s breath was weak with an a/d-ratio of...
BYD, the Chinese carmaker has risen to new ATH`s this morning. It closed trading at HK$13.45 and gapped above the former resistance level of HK$ 129.8.
I have labeled the chart as an impulsive move that is close to an end or it will subdivide into a series of „ones and two`s“!
Using the RSI indicator to check the technical structure, there is to...
NIFTY 50 was moving sideways at the latter hours of trading. So this implies a pause in a trend, thi8s case to the upside. After the pause is done, N50 should rise to new highs above the 12022 on October 12!
The move underway fits best to the one, that occurs from September 29 -30 (one hour chart and highlighted with the blue ellipse) and was...
Hang Seng shows weakening behavior since it topped at 26782.60 on July 7!
It has moved since in a „three-down“ were a possible wave y equals wave w at 23323.6 (closing price was at 23236.4).
Wave y for it self developed as a „three-down“ too, and both waves equal the first waves of the pattern at or near the same level. So we have two important and...
NIFTY 50 exceeds the high from August 31 and spiked @ 11905.70 today. It left a „Doji“ at chart, a message of „uncertain“!
At the 30 min chart, you will observe the movement within a trend channel. Today`s low touched the lower boundary of the channel and bounced some point higher. A solid close below the boundary should imply further weakness for...
NIFTY 5 gaped higher on Friday`s session and closed the day @ 11416.95 and the a/d-ratio was well above 3.
More to see is the structure on a daily timeframe which is a „three“, not an impulsive move. So two possibilities are yet to favor.
Either is a“three-down“ done @ 10800 area and a push to new highs is next and underway, or it is a series of...
my latter call for a countertrend in Hang Seng was to early. It took some more down-up sequences to complete the structure of a wave ((3)) decline. This structure was done on September 25 @ 23124.30.
Then, the countertrend did occur and push HS to a high @ 23780 area. Today`s decline should be part of wave ((v)) which will bring HS to fresh new lows...
NIFTY 50 has advanced into the cited target area of 11259. Todays High was @ 11305.40, the a/d-ratio closed at 0.78.
Today`s high retraced a 0.618 Fibonacci of the decline from 11618-10790 what would strengthen the odds, that not a wave 4 was done today, but a wave 2 is done or close to do so.
So the next potential move should be to the downside...
XIAOMI, the Chinese electrics company went public in August 2018 (longest available chart history)!
After a good start, the stock fell hard from a top @ HK$ 22.20 to a low @ HK$ 8.28, build a weeks-long bottom, and reversed trend after in a strong advance.
This formation looks to me as a „cup and handle“-pattern, with the handle to develop. If so to...
yesterday's decline finished a wave ((5)) of iii @ 10790.20. Today`s advance is part of a wave iv of lesser degree and should develop into a flat, a variation thereof, or a triangle.
The latter opportunity will give a good forecast of what should be next. While a triangle is always a pattern, that leads to a final „thrust“ of this pattern, we would...
NIFTY50 gaped down this morning, closed the day @ 10821.35, intraday low @ 10794.40.
This level is just 14 points above the area, were wave c is a 1.382 Fibonacci Extension of wave a.
So it could be that the decline is initially done for short term or it needs one more down sequence.
Any extension of the weakness would lead N50 to the level...