Baak on March *th I posted this chart warning of a break of trendline wave 3 Since then it has drifted lower while building a sweet bear flag, Simple risk-reward setup. Short on a break stop of it pops back into the bear flag, No break no trade. Remember this is my diary you all get to peek in on. :) that means my analysis is on going to track my progress....
AMEX:CQQQ The five wave thrust through the wave (iv) of ((c)) of Y of (B) high should confirm the completion of the entire double three corrective pattern that began in January. Any downside should remain corrective against the wave (B) low of 33.50 as wave (C) begins to develop higher towards the wave (A) high and through at least 38.49 and 44.05. Much...
There have been concerns about China's economic health after COVID. China's economy was the hardest hit by the zero covid policy which resulted in prolonged shutdowns. This had a major impact on their economy and the future outlook. However, there is a probability that China's economy will make a comeback. We are looking at a sluggish recovery and the technology...
looks like short term bullish as we can see the falling wedge formed here. Also RSI divergence looks positive. Might be a short upwards run. happy investing Cheers
CQQQ boke out of that resistance and gaining strength. It might breakout anytime and might reach $51. I think this is a good long play. But remember, when US goes into recession Chinese stocks will also dump. Looks for yield curve inversion for possibility of recession.
It is always particularly important to look at the ETFs to get a certain overview of several individual values. In this case, I wanted to take a look earlier at the China ETF as there are several notoriety stocks incorporated there. As you can see charttechnically, we are at a junction. This fork is influenced by a few fundamental factors in my opinion. Including...
Top pane - Chinas CQQQ vs QQQ ,as you can see, we have entered a "potential" period of outperformance...This is more of an early hint I would say and not yet conclusive/confirmed. Middle pane- individual chart CQQQ Bottom pane- individual chart QQQ I would like to also see CQQQ break above it's long term DTL on its individual chart but we do see the...
An Ascending Megaphone can be seen, broken down, price has now reached .236. An area which was previously seen as resistance now it can be seen as support
Looking at the CQQQ on monthly. Getting close to the bottom of the channel and the MACD is looking like it could start rounding up on that trend line. To add some counter argument, it looks like a giant elliott wave. We could see it break the channel and see a correction.
I'm bearish on US growth tech because of the extreme valuations I'm somewhat bullish on China, in terms of its value versus the US market China debt:gdp is lower than the US and China is taking steps to tighten its credit Whilst this has resulted in a market correction In the longterm i think it's a better approach I'd look to dca into this, especially if we...
AMEX:CQQQ At 4H, they broke through the 100MA and buried themselves in the additional resistance level = 74. A local rollback is possible, but after that the growth will continue. Or it will reach 100MA on 1D and the first target and then retest the level 74, unloading local indicators to continue to grow on the rest of the targets. Having also reached the second...
Looks like more manipulation on the cqqq. Look to buy at the bottom of the channel.
CQQQ just broke through year long up trend line and looks to revert back to long-term (slower paced) trend channel.
rather probable cqqq to qqq movement of price: cqqq to rise against qqq
China Tech (CQQQ) has been in a massive bull channel for 8 years. Every 25% drop or more has been a buying opportunity. Will it be the case this time? Higher rates in the US with a stronger $ are typically bad for Emerging markets. Is China still an emerging economy is debatable, but my view is higher rates in US attracts $s leaving other economies fighting for $...
I'm long (and upside down). That said I think the 200SMA at 80 is a bottom worst case, and a new run up over 118 is being pointed at by the daily stoch, rsi, and .786 Fib line Best of luck. Playing with stop losses to prevent further losses in case the daily loses to the weekly. Weekly Worry *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*