Shares are breaking out to the topside of a long term triangle pattern Long term bottom established at 2650 support
Shanghai Composite had very strong performances in the past few trading days. The monthly RSI is above 60 and the highest since 2015. It is about to break ABOVE 2019 high which is very significant. Is China telling us something about the capital inflow? Very intriguing. Everytime China is heading into bull market, never ever neglect this information. As we can...
This is a study mostly of China... (and perhaps to a lesser extent Japan, Hong Kong and even India) in specific I wanted to "approach" the question... Has Asia (and specifically) China made the earth very very wealthy!? The graph is a "carefully study?" of the “Chinese Stock Index (in Shanghai)” to/with/and compare that to the “Chinese Currency (Yuan)” and then...
China commerce ministry says production of auto, auto parts have fully resumed. China continues the narrative that they are back up and running. It should lift off some pain from the market and we probably have some retracement upward if market players are optimistic.
A bloodbath across most of Asia with SHCOMP managing to hold via PBOC intervention. Actively sold the Tokyo close as red alerts have been triggered across Global EQ Index. Those familiar with the current technical flows we are tracking will remember the PBOC dip; it was a classic example of CB intervention in attempt to stop the bleeding. The issue is that...
Confluence of resistance here. Worth watching to see if straight-line DCB continues and #PBOC liquidity pumps remain effective
As usual thanks for keeping your support coming with likes, comments and etc... Lets get started with a round of important chart updates coming today (which btw is extraordinarily late after a week ban). I would like you to note the position arising here looks as though its "business as usual" for the dip buyer crowd, whereas sellers are seeking salvation in a...
SHCOMP bounced off 2937.698 where it could potentially rise further to 3130.627. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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!
Shanghai Composite Index with major correction expected by mid next year. Multiple failed formations throughout history, especially recently. The performance is rather simple to read, which is unusual for major indexes. The index is clearly "flattening out" currently, and seems to be charging for a large movement. ADXDI confirms this as well. (lines and...
SHCOMP is currently pulling back off a Double Top formation near July's 3,050 Resistance. The key development here is the potential to have a Golden Cross formation on 4H. Last time this pattern emerged was in mid February 2019, when again the price was pulling back after a Double Top. The result was an aggressive jump of +20%. Medium term investors can wait for...
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.
Those following the previous chart update in Shanghai Composite will know the widely tracked 3,257 highs we called live here all those months ago: Here we are going to dig deeper for the final leg and one more time trade it live, breaking below 2,887 will unlock at least the 2,793. The congestion here will define the nature of the trend, if we break the 61.8%...
HSBC is trading this month in congruence with the current global stock market pullback by offering a time-relative discount in share prices. HSBC target $43 for a 5.4% difference from the current quote of $40.78. The S&P 500 is off 7.5% from doubly tested but not yet broken all time highs which renders this parallel HSBC trade idea as conservative and defensive....
Assumption : completion of C wave, range bound market. Indicators used: time segmented volume, 20/50/200 EMA, DMA
Looks like an almost perfect bullish wedge here. The H&S had a target arond 12.600, which has been reached, so it could be a (temp) turning point. With this bullish wedge at the low, it seems to be a perfect setup. Ideally we see one more drop to test the low again. When seeing it turn a bit at that low, might get a chance to catch the exact low. But in theory,...
The chattering class is clearly leaning towards the sentiment that Chinese growth is stabilizing as GDP growth was strong (compared to its 6.0 to 6.5 percent range) in conjunction with strong PMI numbers and, as can be seen by the Shanghai Composite, strong capital markets. While Europe is unsure what to do with the euro from the prospect of Brexit still on the...