China A50 index ( CN50 ), a measure of the Chinese onshore market that keeps track of 50 of the biggest Chinese A-share companies listed on the Shenzhen and Shanghai stock exchanges, broke a major upward trend that had been in place since 2016. The technical picture sees the A50 index currently dominated by a descending channel pattern, having fallen 42% from its...
Trade Idea: Selling China50 Reasoning: Reaction from major support level . Interim support at 1713 in front of FED meeting later today. Entry Level: 13943 Take Profit Level: 13630 Stop Loss: 14078 Risk/Reward: 2.32:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very...
CHINA A50 CN50USD Weekly Elliot Wave Analysis ChinaA50 Index - Bullish Sign Active
With all Y-o-Y improve data from the China side, more upside for the coming few week to month. TA perspective, Well supported since 2014 and eying for next FIBO level.
Price target for MPNGF Meituan is $27. All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth! Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Pretty clear Bullish divergence in the Rsi easy flush for noobs in the market 80-90% chance of triple top with btc ranging 80-110k btc likely to land between 32-29k with buy-in starting from 34k Current consolidation zone for 6-7month longs,with alts preparing for permeant price action aka after this bull run alts lowest low atm will never be met again
It can be a good opportunity to sell overbought stocks/ index from america to oversold stock/ index of Asia. Minimum ratio levels.
The WMP - Chinese Wealth Management Product system is quite possibly the grandest Ponzi Scheme within recorded history of the world. Investors have adopted the belief - WMPs' are identical to a Bank Deposit, backed by the Bank that sells them. China's CCP uses the WMPs as a funding mechanism for it's Agenda in Business - Funding Projects with the Peoples...
Bias on upside. Break and closed below 14470 may turn bearish. TP: 16500
I spent a lot of time searching for information regarding the sudden drops and increases in the CN50 index price. From the information obtained on many pages, I analyzed and described everything in the graph. I checked every page I visited to avoid taking into account the fake news that was being disseminated. I wonder if it really happened. Enjoy reading.
3 months retracement since February 2021. Sideways retracement without lower lows created. Upside potential high.
Looks like a double bottom forming at 16900. Price seems to be trading sideways in a narrow range between 16800 - 17800. At these levels, the Chinese index looks more attractive in terms of risk and reward. I'll look to buy between 16400 - 16900.
I will be shorting $NIO for the next 2-3 weeks starting Monday morning. Current momentum and sentiment are very bearish in the short term, so a retest to $38 seems inevitable. If $NIO cannot hold $38, we can start to see the low 30s, but hopefully not much lower than that as I do like this company for the long term. In terms of technicals, there is a head and...
China A50 Index - Holding up well above its Mid Term Trend Support despite U.S and European market plunge. - Technically the index remains in a long term uptrend formation. - Pending price action to breakout of its sideways resistant to go for a Super Bull Rally. - Downside to easily look at its Mid Term Trend support. Once void will need to head to its Long...
Looking to long China A50. If break the support, this bull flag turn invalid.
Showing Bull Flag Pattern on China A50. Interesting to long at this point. China's economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region.
Ideal continues sells to fill the inefficiencies left below, also the inverse correlation means a buy for US based stocks
After breakout multi-year resistance two months ago, A50 has been consolidating above the line. With the 2% up yesterday it looks good (especially MACD) and ready to pop when zooming in to daily TF - a low-risk entry IMO. With that said, close below the resistance another story.