This chart supplements our previous analysis entitled "BITA: Climax Run in the Making" For detailed analysis and commentary, please see our original blog post published 8/15/14: www.syncubate.com This updated chart shows in clearer terms the nature of the climax run in formation. Notice how the upside spread between the low and high this past week was $18, the...
Price is still moving higher but momentum is waning. In the short term price may correct but no structural risk exists at this time
For detailed analysis, check out our blog post published 8/15/14 and add your comments: www.syncubate.com BITA has been experiencing a strong move higher along with other Chinese internet stocks recently. The stock is up 85% since the beginning of June, but can it continue its rise, or will the party soon be coming to an end?
After the big pop in asset-prices in 2007, the Hang Seng Index seems to having broke out of its years long consolidation pattern (ABC-Structure) this month, and now is to continue its decades-long bull market. Very strong fundamentals such as a low P/E-Ratio and a good GDP-Growth support the trend. China has a very good chance to lead the emerging markets performance-wise.
When you look at ALTERNATIVES to the S&P500 for the last 10-years, these were two of them. Look at how well they have done. Haven't you heard enough trash-talking about China and Gold? Isn't it amazing that we forget how well these markets have performed RELATIVE TO the S&P500? The S&P500 is up 80% in 10 years (excluding dividends of roughly 2% on average). ...
BREAKING OUT ADVERSE TO MARKET AND WORLD EVENTS This stock is above any resistance points and if continues above indicators on high side it will continually break highs on a daily basis. They are a Monaco based company that is very strong fundamentally and even spun off a LP for dividends under symbol GLOP. This is a fundamentally and technically solid stock...
My last chart also anticipated a pre-dump rally, but expected it to max out at the channel boundary around $430. But the constant pushes from Chinese exchanges have resulted in a slow, determined penetration of that channel top, and now has the 4H ichi cloud in its sights. That, combined with the very large asks on BTC-e had me believing we'd easily be dropping...
UPDATE: see additional charts below in the comments. also, we finally had a little pullback that momentarily breached the upward trendline, but the horizontal support of 457 held and bounced. UPDATE 4/19 11AM: **new high target $691** In my rush to get this sketched out yesterday before the rally started (and while most were calling for more bear), I had only...
We finally had a small pullback from 544, but not nearly enough retracement or consolidation to support a continuation of this trend much further. The perfect periodic divisions of these rallies is causing so much anticipation that the bulls keep tripping over each other to be first in line, causing an acceleration of the rally attempts. When a pattern becomes...
since our touch of the $340 zone, having broken a long-term support line at $380, all the western exchanges have been led by the nose by the chief bull, China (specifically OKcoin and Huobi) in a series of pumps that have brought us up 50% in value from $340. None of these steep rallies has pulled back more than to the 38% retrace before spiking up again. That is...