A Long-term Symmetrical Triangle has influenced Chinese stock prices for decades. Breakouts have shown predictable price moves. We are now seeing the first Breakdown.
- 10-Year Support became Resistance earlier this year.
- A lower, parallel, 5-Year Support has broken down and looks to become Resistance as well.
If this downtrend continues, new all-time lows are...
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Take a look at the gap being filled and I expect the price to be consolidating for a while more , probably Q3 onwards, we can see some rally ahead.
This is an extension to the Bearish SSE50 setup that I posted not so long ago; I found a tradable US Listed ETF that tracks the movement of the SSE300 and the situation on this chart is pretty much the same as the one for the SSE50 where we are breaking a logarithmic trendline, the moving averages, and looking to make a minimum 61.8% retrace. However, I believe it...
I bought ASHR, but all these Chinese related names look like they are building a base to move higher from. I'd like to see it try to maintain the 20MA as some support, but if it doesn't, it's not a deal breaker.
EEM has the best options, so I might be adding something from that eventually.
This is straight from my meditation. I was trying to ask about the market and getting distracted, but as soon as I came back to quiet, I received, "panda bear". I thought maybe it's a company or mascot until I actually googled it.
This is in alignment with a LITERAL bear that visited a cabin we were at last week (never seen that before), and then my trading...
ASHR is testing upper BB on weekly and CN1 is testing long term support.
Added ITM short term weeklies and longer term OTM calls.
Risky. May need to get rid in near term depending on price movement.
This one is more longer term and could be a BTFD play in the coming weeks/months. Would be one of my major play for the remainder of the year as long as the yellow area in relative performance chart is hold.
Fundamentally, it is more of play who will recover first from COVID-19.
Weekly volume is picking up but not at extreme yet. To me that means more upside is coming.
ASHR ETF provides a good vehicle for trading and tracking the Shanghai stock market as China suffers through the coronavirus during its New Year market holiday.
Although VIX finished the week above the low volatility environment zone (<15) at 16.48, not much is enticing here from a premium selling standpoint at first glance. Earnings announcements are now down to a trickle, with the next quarter's announcements coming into range in the May cycle, militating in favor of putting on earnings-related volatility contraction...
