Sell trade opportunity on the China A50 Index
Holding Tencent and Youzan after the publicly given buy signal linked below.
Breakout direction will be interesting.
China A50 Index breaking aggressively to new highs may be a signal that the melt-up in risk assets is just beginning. With the mainstream press and banks issuing buy recommendations on the stock market, the frenzy is likely to push this even higher - 19,500 is within sight!
A multi-year ascending triangle has been completed, with markets all the way up to 30,000. This is a major bull market. Purchases at a retest level of 15,000 are recommended.
We are in the century of Asia. Whereas the 1600s-early 1800s were a time for Western Europe and early 1800s-2000 belonged to the U.S., the future will belong to Asia. The Chinese stock market is preparing for the next massive advance to reflect this.
Chinese markets has remained resilient in the face of a bloodbath in global markets with only a forgiving decline of less than 10%. It has now fell to a major support which is the level it gapped down to when it was in the centre of the outbreak. With that it can be observed that strong buying pressure came in as buyers aggressively defended when 2715 was hit and...
OMG the coronaVIRUS explored to A50, non-stop Even the trend line give no support to the index at all. Can't image what will happen when TVC:SHCOMP opens again...
Massive ascending triangle -- get ready to be long.
The daily chart of the China 50 gave us a reversal trigger on a Friday. Going forward this week would ideally like to see how the market opens to see if it can give us a pullback. The market structure is apparent. Higher lows and higher highs. We hit a resistance and from here the higher lows (uptrend) began to weaken. From here, we created and confirmed our...
Nice Short setup well defined risk with a very nice reward!
RSI divergence. Neckline at 13800 round number. With risk-off news from yesterday, the break is likely. Once it breaks, the US and Europe indices should continue lower as well. Good Luck!
Long OANDA:CN50USD , Like I mentioned in my previous posts, price has formed a higher high and is on its way to test the support levels, as per the trend line. Price hit the support line and closed higher! Look at the RSI. key is to look at price making higher moves and change in RSI back upwards after finding support in the Green zone (in the center) IF the...
OANDA:CN50USD on weekly charts look good for up move Some of the important levels are marked on the charts and look out for a few more higher highs and retracements to be higher lows. Keep an eye on the RSI too. We have not been on the OVERSOLD space and holding up the middle zone If you like what you see, please share a thumbs up!
Hello, Dear friends Long time no see! China shanghai composite potential drop, 2500 will be the first support if 2870 break, and the weekly RSI is toward to 30. But I still think it a good time to buy when oversell happens. Thanks!
Still looking to long.... Free sharing of trade ideas.... "FOLLOW" me to receive email notification when I publish new trade idea "LIKE" this post to receive update on this thread Don't forget to hit the like/follow button if you like this post ;) That's the best way to support me Disclaimer: This information is for entertainment only, it may be incorrect...
as shown... until trend line breaks Previous China A50 analysis.... 20190912 #2 20190911 #1 Don't forget to hit the like/follow button if you like this post ;) That's the best way to support me Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun...