CHN50 - 24h expiry - We look to Sell at 13105 (stop at 13205) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
CHN50 - 24h expiry - We look to Sell a break of 12812 (stop at 12875) Selling pressure from 13020 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. Previous support located at 12812. The medium term bias remains bearish. Further downside is expected, however, due to the strong support below we prefer to...
CHN50 - 24h expiry - We look to Sell at 13180 (stop at 13260) Buying pressure from 13031 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further...
CHN50 - 24h expiry - We look to Buy at 13350 (stop at 13245) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The 50% Fibonacci retracement is located at 13357 from 13116 to 13599. Further upside is expected although we prefer to buy into dips close to the 13350 level....
Something bullish is happening in China, potentially primarily due to the reopening and all the liquidity injections by the PBoC. China never raised rates while slowly adding liquidity to markets. We saw a significant capitulation when Xi became emperor for life by removing everyone that could potentially cause trouble to him from the CCP, as well as when we first...
Previous H&S idea was invalidated, the price went testing the top of the descending triangle and seems to find some bid there. If we can rally from here we could visit again the range 14'750-15'000. If the price closes back below the triangle look for bearish continuation.
Swift dismantling of zero-Covid policy in China has triggered a surge in demand resulting in robust economic recovery. Is this a flash in the pan or a structural shift? Bouncing off from 2022 bottom in early November, Chinese equities (represented by FTSE China 50 Index, "China50 Index") rallied 64% on COVID easing. The rally has stalled based on specific sector...
CHN50 - 24h expiry - We look to Buy at 13261 (stop at 13101) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Trading within a Bearish Channel formation. Our expectation now is for...
If you haven`t sold BABA when Charlie Munger did: or reentered when it was cheaper than the IPO: Now looking at the BABA Alibaba options chain ahead of earnings , I would buy the $110 strike price Calls with 2023-8-18 expiration date for about $10.20 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. I have...
China kept its benchmark lending rates unchanged for a sixth straight month in February, as expected, with the world’s second-largest economy showing more signs of recovery from a pandemic-induced slump.
Price has tested support and rebounded on the descending triangle which was also the 200 SMA. I am expecting the price to raise from here and complete a possible right shoulder (neck at 14.3k). This could lead to a powerful breakout. NFA.
China: Morgan Stanley scenario: Chinese stock indexes could plunge by another 20% from current levels over the next six to 12 months — and potentially remain lower for much longer if the hypothetical stress scenario persists. China’s GDP could slow drastically, averaging 2% growth in 2023. More than 11 million people could lose their jobs, likely sending the...
CHN50 - 24h expiry - We look to Buy at 13540 (stop at 13470) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 13455. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart...
Hi Traders, Investors and Speculators of the Charts 📈📉 I am passionate about economics and history. Together, these two can tell a compelling story of ow interlinked everything is, and give a glimpse into the future should certain events repeat itself. That is the core of my argument today as we look at the previous time he US Government hit a debt ceiling, and...
To celebrate the new year, here some TA on the China A50 index: The breakout of the descending triangle led to a powerful rally that is still in full place and will most likely bring us to 15k. The golden cross (50 SMA crossing 200 SMA from below) could be the fuel to propel us there. 15k represents a major resistance, if broken on the first attempt (unlikely),...
we analyze that alibaba stock will be bearish next year due to reducing restrictions due to the Corona pandemic . we must take care of the resistance made below we must take of stoploss and take profit targets . if it likes you dont forget to promote
CHN50 - 22h expiry - We look to Sell at 13310 (stop at 13445) Buying pressure from 12917 resulted in prices rejecting the dip. The current move higher is expected to continue. Previous resistance located at 13304. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is...
CHN50 - Intraday - We look to Buy at 12540 (stop at 12380) Selling pressure from 13067 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We, therefore, prefer to fade into the dip with a tight stop in anticipation of a move back...