CHN50 - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. The primary trend remains bearish. Short term momentum is bearish. We look for losses to be extended today. A break of the recent low at 11356 should result in a further move lower. We look to Sell a break of 11345 (stop at 11465) Our profit targets will be 11045...
Copper futures fell further to around $3.8 per pound, marking a weekly loss driven by concerns over demand from China and heightened US interest rates. China's manufacturing sector contracted for the fourth consecutive month in January, contributing to the negative sentiment. With a robust US jobs report, expectations of a Federal Reserve rate cut in March have...
SSE:000001 chart mapping/analysis. Been a while since I've published any charts on TradingView - process is a pain in the a$$ tbh & procrastination crept in while lacking TA-edge on markets + other commitments.. That said, noticed Shanghai Comp chart still notching views given current environment so thought I'd give an update. Initial TA thesis hasn't changed...
Real estate has made China rich in recent years and decades. Now it looks more like radioactive kryptonite from the DC Comics universe - the birthplace of Superman. Three months earlier, China's house prices fell 0.4% in a month, according to official statistics released in November 2023, the steepest drop since February 2015, according to Bloomberg data . It...
Revenue: $156.2 billion Net Income: $14.7 billion Market Cap: $114.8 billion 1-Year Trailing Total Return: ~7.5% Exchange: OTC Markets According to Investopedia, it is the 3rd biggest Chinese company and in the top 5 insurance companies in the world Ping An Insurance provides insurance, financial services, and banking. It is one of the top 50 companies...
On 4hr chart divergence is forming. I still think it's an opportunity to buy. RSI on daily chart is 27 - very low. We might be here for a while because of low volatility during Christmas holiday.
I don't usually trade CHINA50, when it comes to China I prefer HK50, but this is an interesting set up/amazing buying opportunity: - RSI is very low - 29 on daily chart, RSI was 24 few days ago. - 11000-11100 is a strong support level. Even in March 2020 the index found support at 11500 - I'm aware of economic situation, but I still believe that recession will hit...
SSE:000001 chart mapping/analysis. Bearish H&S formation on weekly chart. Price action already broken below multi-decade trend-line. Pattern follows through = -29% measured move down to 78.6% Fib / retrace to 2005 breakout / gap fill (weekly) confluence zone (green box).
RSI very low Market record low since March 2020 Fantastic opportunity to buy, TP 11700-11750 max - anything above this in my opinion is risky This is not a trading advice. Always do your own analysis before entering the market.
CHN50 - 24h expiry - We look to Buy at 12555 (stop at 12435) Price action looks to be forming a bottom. Previous resistance at 12530 now becomes support. 12531 has been pivotal. Support is located at 12530 and should stem dips to this area. Buying posted in Asia. Our profit targets will be 12855 and 12935 Resistance: 12700 / 12850 / 13000 Support: 12600...
China's Economy is dangerously on the ropes...things have gotten so bad, CCP had to make an announcement on a Sunday night (AEST/UC+10) that they're going to intervene in their domestic market with a raft of "measures" in hopes of boosting market confidence: - Halve stamp duty on stock trading - Tighten pace of IPO listings - Cut margin financing requirements -...
I remember a few months ago there was talk about the Chinese Yuan being the new reserve dollar? Ray Dalio? The China economy looks so far gone its not even a joke anymore Government forcing people to not sell assets including banks / institutions China stimulus debasing the currency parabolically China stock index failing to grow at all China no...
AU wages came in weak, The RBA hinted that they think they're done tightening in the minutes, The PBOC cut rates (again) and a slew of data from China once again misses the mark. And all in a 30-minute period! I think we’re fast approaching a phase where bets will be on for another round of stimulus. The China A50 is holding its ground above 12,600 and AUD/USD has...
If you haven`t sold LI when they reduced the delivery outlook: Or on this Earnings Release: Then Analyzing the options chain and the chart patterns of LI Auto prior to the earnings report this week, I would consider purchasing the 20usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $0.60. I think there is still some...
The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside. If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June...
CHN50 - 24h expiry - We look to Buy at 12425 (stop at 12345) Bespoke support is located at 12420. 12400 continues to hold back the bears. Expect trading to remain mixed and volatile. The medium term bias is neutral. We look for a temporary move lower. Our profit targets will be 12625 and 12665 Resistance: 12570 / 12630 / 12670 Support: 12500 / 12480 /...
CHN50 - 24h expiry - We look to Sell at 12720 (stop at 12805) Buying pressure from 12375 resulted in prices rejecting the dip. The current move higher is expected to continue. Indecisive price action has resulted in sideways congestion on the intraday chart. Preferred trade is to sell into rallies. Previous resistance located at 12733. Our profit targets...
CHN50 - 24h expiry - We look to Buy at 12565 (stop at 12465) Posted a Double Bottom formation. Neckline support is 12565. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Further upside is expected although we prefer to set longs at our bespoke support levels at 12565,...