*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Chart wise, it looks good with multiple support at 217.54 price level and it is still trending upwards. There is a 31% potential upside to the next resistance level if one enters at current price.
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Chinese equities — seemed to have bottomed and look primed for a breakout on the EMA Ribbons which usually confirms a buy signal. Also the additional liquidity being pumped in the Chinese market is fueling the recovery as measured by M2 and the Quantitative Easing as measured by the Chinese Central bank Balance Sheet.
Price targets are at the FIb 0.5 level at...
Chinese equities — seemed to have bottomed and look primed for a breakout on the EMA Ribbons which usually confirms a buy signal. Also the additional liquidity being pumped in the Chinese market is fueling the recovery as measured by M2 and the Quantitative Easing as measured by the Chinese Central bank Balance Sheet.
Take 10% risk from your capital, Once market Move Half way, you have to make the stop loss to its entry point, This will be1:2 risk reward ratio, You can also close 50% trade once it reach 1:1 then the rest of the position you can close once trade reach 1:2
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There is a Chinese saying, when the tree is big, it attracts the wind. Similarly, being the 2nd largest economy, China is perpetually at "war" with many countries - US (whoever is the President, there will still be sanctions and disagreement), Taiwan (could we see a re-enactment of Hong Kong riot once more), South China Sea, etc ?
So,...
Chinese equities — seemed to have bottomed and looks primed for a recovery when looking into account the liquidity available as measured by M2 and the Quantitative Easing stance of the Chinese Central bank.
Hello,
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Technical Signals:
The stock exhibits a bottoming pattern,...
Targeting the all time highs as a minimum.
It should well exceed this long term so the 1:13 risk to reward ratio is a conservative estimate.
I'm not sure how long this move will take, but I do not see the price breaking below that orange zone again on daily closing basis.
The line forecasts (orange and green) are very rough approximations of how I expect this...
