We can see a similar pattern for Alibaba and Tencent shares in the daily chart. Both are in a consolidation stage and the resistance is hampering the price action to rally further. I am watching closely this level and any breakup with a bullish signal could be a potential trend reversal to the bullish side. Patience
CNBM (3323.HK) is forming a bearish double top Sell Entry price: $2.76 First downside target price:$2.63 Second downside target price:$2.50 Stop loss price:$3
PICC Group (1339.HK) is forming a bearish double top Sell Entry price: $2.57 First downside target price:$2.51 Second downside target price:$2.45 Stop loss price:$2.71
Recent short term rebound shows peak sign yesterday with morning price surge erased in the afternoon. Which indicates selling pressure are coming back after rebound. We entered into a Callable Bear Contract yesterday at the peak with the analysis of current downtrend reacts more sensitive to sign of selling pressures. Which we see a possible short term price...
It seems HSI will prepare for a bullish trend. With technical analysis and checking the wave structure of the chart, the corrections ahead of it will probably be a buying opportunity
Read this IPO news here This article here is nothing new as we are witnessing a change of the job market landscape exacerbated or accelerated by the Covid-19 pandemic. See article here How big is the food delivery market globally? See here In Singapore recently, someone claimed they could make almost S$9000 a month from this food delivery business....
Build Your Dreams (BYD): HKEX:285 After closely examining the Chinese electric vehicle manufacturer BYD, we've concluded that there is a very appealing and interesting opportunity to start building positions. We are currently in an overarching Wave III. Wave II concluded at the low of 13.20 HKD, and the all-time high is currently at 63.10 HKD. We are now...
For another interesting Chinese stock, we're looking at the mobile phone manufacturer Xiaomi, trading on the Hong Kong Exchange. Hence, we're dealing with the Hong Kong Dollar, not the US Dollar. Overarchingly, we are also in a Wave III here. Wave II concluded its correction with a double bottom at HK$8.28. This chart adheres well to the Elliott Wave structure,...
For Tencent Holdings, we currently believe we are in an overarching Wave III, which should be created with a 5-wave structure upwards. This should naturally extend far beyond the Wave I level at the all-time high of 715 HKD. We anticipate a rise to at least 1338 HKD for this overarching Wave III. Wave II concluded at 188.6 HKD. Zooming in, we see that we are...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand >> USE PAGE DN to go...
Despite its dominance as a payment gateway with a monopolistic role in China, global leader in video games and many other businesses, the one thing that it cannot compete against is the strict government policies imposed by the Chinese government. It has fallen more than 60% from its peak 4 years ago at 700 and thereafter it has been on a downhill ever since....
First thing first, I am not buying , yet. I will watch it over the next few weeks to see if the price rebounds strongly from the support at 344 -350 level. There is a possibility that it may continue to head south to revisit the next support at 289.80. Remember the F&B business in China faces a lot of competition with new restaurants and menu being served up or...
The Hang Seng Index, with everything measured in Hong Kong Dollars rather than US Dollars, offers a distinct perspective within our analysis portfolio, focusing on the Hang Seng Index Futures contract. Starting with a weekly chart overview, we've identified that the initial cycle likely concluded in 2008, followed by a flat correction. Notably, the correction for...
Check out this article here This stock should benefit and can be expected to rally towards 17-18 dollars Please DYODD
Ready for a bull run up. -Crossed Macd on daily view -Divergence at 4H - Resistance at 87 , if it breaks 87 , then look for 94 - Earning out on Nov 3rd, - Watch for a Run up before earnings or after earnings. - keep your stop losses & Trade within your limits. Happy Trading.. !
Volumes are five times greater than US and I think is useful to follow stock on HK market Price cannot pass channeldown and long term trendline and this is a very bad signa I think price will now drop to 64
Drawing the 2 bearish trend lines, we can see that this stock is soon to break out soon. 2 Options - await pullback and go long OR wait for it to break the main bearish trend line around 15 dollars before going LONG. This approach is more conservative and less risk taking but the downside is buying at slightly higher price. Please DYODD
Perfect reaction off the 0.786 Fibonacci retracement level following a break of structure. I expect TP within 2 years maximum.