He did it again!
New ATH for N50 on a intraday and a closing basis!
A/D-Ratio was strong at 2.76, TRIN closed at 0.49, indicating a bullish and strong day.
Todays move cold be part of wave ((5)) of „i“ of (iii).
Often times an index (or stock) is bouncing around of an important resistance, as to my view, the latter ATH should be. So I would not be...
Hang Seng start the week with a gap up, that has been closed immediatly after it was opened. The structure of this move, started at the high @ 30232.83, is a „three-down“, indicating a „expanding-flat“, which would make the move from 28435 -30232 a wave „i“ and the following correction a wave „ii“ of Micro degree.
If so, the next will be a massive...
Hang Seng closed the week by declining price. It failed to close the open gap from June 2018. Instead HS is on the way to close an open gap, left by the trading sessions as of March 29-30, 2019!
I have left a „questionmark“ at the possible wave ((iv)) level, cause I am not sure if this is all to the downside. It does not look harmonic, to my view....
Hang Seng is advancing higher, close to the open gap, left by trading at the opening at June 2018. There are just some points left and as I often mentioned before, gaps really often act as a „magnet“ for price to close this.
The move since the possible wave „c“ low (blue) has an impulsive look and as long as price is holding above it`s 0.236...
NIFTY560 has made a new intraday low on Monday, 08 @11549 and has since bounced in a „three-up“ to 11683. This pattern is a „flat-correction, an „a-b-c“ move. The new intraday low (@11549) has given a first hint that shortterm the focus is to the downside.
The move that start at 11710 is possibly part of a first impulsiv leg to the downside, that...
the major indexes are showing some non-confirmations, which has started at the highs in August 2018. While NIFTY IT, the former leader in the bull-market, start a correction in a „three-down“, it has given the leaders-stab to NIFTYBank, which has made a new ATH on a closing and intraday basis this week. On the other hand, NIFTY 50 is close to top...
Hang Seng is going his way! The Super-Bull is extending higher, showing no signs to correct for a while. But in this rare cases, a lot of traders wait for an entry point to catch this huge move to the upside. This psycological behavior sometimes create correction, that fall shy to the overall bull run.
I have reworked this chart, and this is my...
Hang Seng achieved today to 29999.34 ( according to www.aastocks.com ) and failed just by some ticks the level of 30K. This is the first time since June 15,2018 that this level has been seen.
The upside momentum for HS seems to be strong, and HS also creat gap`s during it´s rally up. Gaps not occur random,...
NIFTY50 is subdividing higher, closed the week @ 11613.
The move since 11311.60, a potenially wave ((c)) of iv, is possible to count as wave v of ((c)) (Minute) of B (Minor), which is not done for now!
That means this wave is still making new higher highs, short-term, and exceed the high at 11629.55!
Any decline below the wave ((iv)) low @ 11413...
something new to report for all Netdragon Investors, the Hong Kong based chipmaker, has possible made a high of his advance wich is running into the twelvth week.
After todays open and intraday high 20.70 , the stock reversalt strong and slose the day at 18.86.
Second, it create a „bearish-engulfing“ pattern how it often occurs at a change of...
NIFTY50 rallied at the open today to the 11545.80, which was intraday high and some points above the 0.88 Fibonacci of the first leg down. This level is important to classfy the pattern as a „flat“.
That means, that at this point a wave „b“ should be done and the first wave of a wave „c“ within a flat should started. A target area for this pattern...
Hang Seng Future (March Contract) has risen as of todays session to 28775.
As per my count a wave (iv) is underway. This scenario is in the cards, as long as the level of 28838 (blue trendline) is valid. Any cut of this level would imply that a bottom should be formed at 28410. But for this I need more evidence.
If the bearish view comes into...
NIFTY50 open positive that day and achieved at the end of the session to 11493. The bounce from the short term lows (@11311.6) exceed the 0.618 Fibonacci (at 11473) by some points, but strenghten the case, that may a flat-pattern is in progress. A close above the .786 Fibonacci will open the door for that pattern, but at least must achieve to a...
Hang Seng dropped this morning to 28463 and was not in conditions to build a bottom yet. The Future declined to 28422 and is showing weakness since.
A first hint for a countertrend occurs by overcoming the 28664 and after the level of 28711. This could open the door for a „gap-rally“ and may it will closed if so to come.
Extending the losses and...
not often, but sometimes it happens, I have to face the fact, that I don`t now exactly which way an index, a stock or metals will go next.
Sometimes, as it is for now.
As of the last weeks, I have try to cover NIFTY50 on each possible timeframe, checking the patterns, the moves, the indicators, and, and, and....!
From a very early point of time, I...
only one way for Netdragon, the Hong Kong based chipmaker. UP!!!
Since the start of 2019 the stock is rising in a clear uptrend and the next target is around the 19.08$, a peak high as of August 30,2018.
Using indicators as CCI and Full Stoch, both show overbought conditions since the start of the advance. But for now the stock is not willing to...
today I`d like to show you Hang Seng Future, because of the price development suring after session trading causing by US markets.
Hang Seng (normal trading hours) closed the day with modestly losses @ 29113. The Future had the rest of the day to go...and he did.
By opening the US markets a sharp and strong decline occurs at markets and HS declined...
Hang Seng dropped at todays session to 29051.90 (according to tradingview.com). This range is within the span of an a-b-c pattern and was the 1.618 Fibonacci extension of wave a.
At 29486 a wave (v) may endet or a larger correctiv pattern is to develop.
On a daily basis, Hang Seng is no longer a „long-call“ and the push that started at January has...