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══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
Hello, We identified a strong Buy Signal on China Construction Bank stock in the weekly chart for a target of 5.33 within a few weeks, Ibrouri
HKEX:700 after years of down trend it is showing some sign of trend bottoming. Mainly supported by company share-buyback in the past few weeks. While selling pressure from the market is not strong to pull the price lower after each selling. This is indicating that the selling pressure is weak. Which supports the kick start of a bullish trend. In short term,...
A few positive things did happen for Alibaba. The removal of Daniel Zhang and being replaced by Joseph Tsai. So far, I like what Jospeh has done for the company, making it leaner and removing excess fats that are stalling its growth. They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share...
Interesting move initiated, the price is back on the demand zone which took the liquidity on the left side and initiated a huge break of structure and bullish movement, we can see that the price retraced in a structured way reacted on the zone with an internal break of structure upside which is for me the sign of a bullish trend initiation targeting 416.
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...
Xiaomi shares recently attempted to break above the HK$16.98 resistance level. This level should still be breached as part of the turquoise wave 3. However, we think it is 30% likely that the price is more likely to form a deeper beige wave alt. II.
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...
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,...
Putting emotions aside about how unhappy, disappointed and frustrated with the China stocks, some people I spoke to are thinking to scoop more once the price reaches the support level. Just because it has rebounded on previous support level does not necessarily means it will do so in the future. It is possible, plausible and probable that it might falls through...
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
On the morning of March 12, news spread that Li Ning would be privatized. According to relevant media reports, Li Ning, the founder of Li Ning Company, was contacting investment institutions to acquire the company's shares for privatization. It is reported that Li Ning has invited TPG, PAG (Pacific Alliance Investment Group), Hillhouse, etc. to join the...
We consider the recent setback merely as part of the substructure of the magenta wave (1). This wave should lead to a sustained rise above the resistance line at HK$280.60. However, our 30% probable alternative scenario should also be noted. This would attest to the corrective nature of the upward movement that has been underway since February. Although the price...
W Formation has formed recently on Tencent Holdings. And where the price broke above the Neckline is also where the price has broken it's downtrend for the first time since January 2023. This deems a very positive sign for buying and demand to push the price up. Nature of the trade analysis is High Probability Too. Price>20MA and Price>200MA Target...
Xiaomi-W form a pennant chart pattern: Buy Entry Price: $14.82 Target Price $16.12 Stop Loss Price:$14.40 thank you
Using this as my last post for today, I am hoping the Chinese New Year starting tomorrow will usher in more revenue for KFC and Pizza Hut in China. Looking at the 4H chart, we can see a ultra bearish candle on 7 Feb with a gap up. Thus I am awaiting for the price to come back down to 292 support level to close the gap before deciding to go LONG. I also take...
Wuxi Biologics (2269): HKEX:2269 Wuxi Biologics, a Chinese biotech research company listed on the Hong Kong Stock Exchange, presents a complex investment scenario. It's crucial to note we're dealing with the Hong Kong Dollar, not the US dollar. The comprehensive analysis on the weekly chart suggests that since June 2021, the company has been undergoing a...