KWEB: China tech bottomed?
I think it's either the bottom or very close to it. Worth taking a punt here, risk 3 average ranges down and go for the gold .
Let's see how this one works out, I'm not risking big on China overall, but from a contrarian standpoint it is really interesting as to pass on it here. It will be more confirmed once the daily chart flashes a bottom signal, this would take a couple weeks, after not falling lower.
Cheers,
Ivan Labrie.
Let's see how this one works out, I'm not risking big on China overall, but from a contrarian standpoint it is really interesting as to pass on it here. It will be more confirmed once the daily chart flashes a bottom signal, this would take a couple weeks, after not falling lower.
Cheers,
Ivan Labrie.
Order cancelled:
My entry here worked well, but it started acting like crap again shortly after, we all know how this ended. I managed to turn a profit on this one and sold the initial run up, now waiting to buy back at some point...for now, no such chance exists.
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Still watching, nothing yet...Good trade at first.
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If we hit 48.71 this week, we flash a weekly uptrend that can be a massive bottom. I'm already long $BABA from the bottom in my other publication, adding this one back if we confirm the weekly trend before Friday's close.
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Weekly trend is active, confirmed bottom long term.
Trade active
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Down trend target hit, soon we might get a reason to buy this.
