BOC - nowhere to go but up

It is premature to put a buy entry now as the price action has yet to break out from the bearish trend line. To anticipate a move to our liking is akin to asking the market to follow our direction, a grave mistake that I made and paid a price to learn this valuable lesson.

WAIT, let the price action tells you what to do. Put this in your watch list and monitor. No need to panic. It is not about catching it at the lowest price that wins the medal but riding on the bullish trend, if any that counts more in the end.

Comment:

When you look at the forest view, you do not need to check the chart every hour or so, only once or every 2-3 days would do. And that is what I like. Lesser trading to me means lesser chance of making silly, emotional mistakes.

From this chart, you can see clearly there is nothing to buy at this moment, so again, wait patiently.

Comment:

Praise Lord. It has now break out of the bearish trend line.This week, I expect a bullish correction and will be adding long

Comment:

Praise Lord.

A nice break out from the bearish trend and we have 2 small doji pattern indicating bulls/bears fighting for next direction. If you are comfortable, you can initiate your buy or wait for the next confirmed candle.

Comment:

Blame it on the virus but to those who wants to participate in the China financial industry opening up, this counter , you may want to consider. Let's wait for the breakout first