My HSI prediction on 24-Mar-2024 The up trend is broken and expect HSI will go down
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...
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...
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...
Many investors currently firmly believe that the Chinese Hang Seng Index will soon rise. The economy in the Middle Kingdom is performing well in global comparison - so it can't be that the local stock market is so weak, right? Well, as you know, stock prices don't always have something to do with the actual state of the economy. That's why we remain pessimistic...
I am betting on the Chinese B (Baidu), A (Alibaba) and T (Tencent) shares again , having seen their share prices fallen more than 50% from its peak! This is a long term investment , with time horizon 5 years and more. Is this the bottom ? I believe so as the Chinese Government is taking this opportunity to shore up its economy and the need to appease to the...
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....
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....
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
Perfect reaction off the 0.786 Fibonacci retracement level following a break of structure. I expect TP within 2 years maximum.
Is Tencent Stock a Buy Now? Tencent posted its third quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.8 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit rose 1% to 39.9 billion yuan ($5.6 billion). On an adjusted basis, which...
Anta Sports recently continued to rise after an impulsive downward spike narrowly missed the magenta Target Zone between HK$58.95 and HK$33.60. Thus, it is quite possible that this downward spike has already completed the low of the green wave (2) and that the stock is now marching higher. However, we are not convinced that this is the case, so we believe that the...
══════════════════════════════ 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...