Hello, Dear friends China Shanghai A composite index just break the key level ~ 3000, but huge resistance in above, and 4H&1D RSI running in over bought region. my strategy is retest the below key support level ~ 2830, to see if a reverse H&S could be formed or not.
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So China imposed tariffs on 75 US Billion of US imports, of soya, oil , etc.. The drama will occur again and Trump will spit back with tariffs or measures on a surprise, so as an anticipation shorting Chinese stocks index is recommended. SL is set based on shown trend line acting as resistance, TP on Fibonacci sequence.
Aim for reversal at green boxes. Time segmented volume Indicator was used.
We have faced progress in talks, but we need to confirm what will be the new agreement in the two biggest powers
China is injecting billions of stimulus into their economy to try and keep the bubble inflated. Don’t be surprised if you see the Chinese market goes bunkers. More ghost cities and islands but this time world wide.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
The up swing projection as followed: If price trade above 11004, target 11142 (first target) If price trade above 11142, target 11367(second target) Trader please be aware when price trade near to 6 months resistance zone. China A50 has been trading in narrowing trend.
As market near to end of the year, "window dressing" seasonal behavior have high chance to occur. Major markets have traded approach the previous low and indicate temporary support. A50 has again trading near to 5 months support as show in the left chart. And higher high higher low set up on the lower time frame. Trader may look for long opportunity with the...
NYSE:BABA did complete an inverse head and shoulders pattern today. it's now reversing to the resistance of the downtrend. A breakout of the resistance is a oppertunity to go long! Also note that today positive news about the China-USA tariffs came out!
The Shanghai index set a new low this year bottomed out at 2443.00 last Monday. Where price has surged nicely last week, ending the week with 5.5% gain. Now price has been trading just underneath key resistance for just a day now. With US election coming out bullish for the US market, the only major concern now in the global market is trade war. Trade Step-ups:...
China A 50 have not move out from the 800 points range since July. Recent rally again found toppish on resistance zone priced between 11500 to 12000. Yesterday selling again has formed lower low structure. Trader please stay at the sell side if price moving lower high lower low. The down swing projection as followed: If price trade above 11420, target 11195....
China A 50 have rebounded 5 times in the past 5 months when the price reached 10800. The market have not move out from the 800 points range since July. Yesterday selling again brough the price to this price zone 10800 with a low at 10710 and quickly rebound. Trader please stay at the buy side if price moving higher high higher low. The up swing projection as...
I finally cracked the projection of where the stock market is heading with the China Vs USA trade war.
Directional Bias: Long Price Target: 175 Good Entry: 138-144 Risk/Reward: $5 max risk - $20 reward If we see an opportunity at 138-144 area,we should take it with a risk of $5 a share. A nice short squeeze can get price back to 175 in quick order.
ChinaA50 has gaied 760 points after the call i made to BUY at 11000. I still se upside for another potential 250/500 points up in the coming days.
ChinaA50 has fallen towards 200SMA and 161% Fibo. Has found support and looks set for a good 1000 points Rally in the coming weeks.