CHN50 - 24h expiry - We look to Buy at 12405 (stop at 12295)
We are trading at oversold extremes.
Short term bias is mildly bullish.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
We therefore,...
CHN50 - 24h expiry - We look to Sell at 12695 (stop at 12775)
Although the market broke to the upside in early trade, bespoke resistance at 13100 capped the gains.
Intraday signals are mildly bullish.
There is scope for mild buying at the open but gains should be limited.
Bespoke resistance is located at 12700.
The lack of interest is a concern for bulls....
CHN50 - 24h expiry
Price action looks to be forming a bottom.
Previous resistance at 12530 now becomes support.
12531 has been pivotal.
Support is located at 12530 and should stem dips to this area.
Buying posted in Asia.
We look to Buy at 12555 (stop at 12435)
Our profit targets will be 12855 and 12935
Resistance: 12700 / 12800 / 13000
Support: 12550...
Problems with China are all over the news now with Evergrande filing for bankruptcy and opening down 90%.
Is any of the previous examples of this are anything to go by, Evergrande goes up a few 100% now. That's what's the norm - as crazy as it sounds.
Looking at the China indices, they currently hold 76 supports. This is a real make or break level for them. If...
CHN50 - 24h expiry - We look to Buy at 12555 (stop at 12435)
Price action looks to be forming a bottom.
Previous resistance at 12530 now becomes support.
12531 has been pivotal.
Support is located at 12530 and should stem dips to this area.
Buying posted in Asia.
Our profit targets will be 12855 and 12935
Resistance: 12700 / 12850 / 13000
Support: 12600...
CHN50 - 24h expiry - We look to Sell at 12495 (stop at 12595)
Selling pressure from 12536 resulted in all the initial daily gains being overturned.
A Doji style candle has been posted from the high. Our short term bias remains negative.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction...
China stimulus pack is on track... at least charts are saying it. Even more we might know the direction of trend always use risk analysis to build position. For moment charts are saying china is going to do something about its economy! follow the trend until it bends!
Looks like problems in china are still running badly, cutting rates and some economic issues are making chinese markets weak.. for moment its trend down
AU wages came in weak, The RBA hinted that they think they're done tightening in the minutes, The PBOC cut rates (again) and a slew of data from China once again misses the mark. And all in a 30-minute period! I think we’re fast approaching a phase where bets will be on for another round of stimulus. The China A50 is holding its ground above 12,600 and AUD/USD has...
CHN50 - 24h expiry - We look to Buy at 13030 (stop at 12910)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 13518.
A Doji style candle has been posted from the high. A lower correction is expected.
Short term bias has turned positive. We therefore, prefer to fade into the dip with a tight...
Hi all,
I posted in mid June that this one is very worth monitoring.
Now, not only it broke the blue line, it also make higher high right after with real volume.
So, it is still fine to follow or if it retrace, just go long.
TraderApprentice PP
QuanTechTrader PP
The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside.
If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June...
DJ News Wire:
The country's top decision-making body signaled it would step up economic stimulus, including possible measures to aid the property sector. The memo released Monday by China's Politburo "essentially acknowledged the current property woes and opened the door further for a policy shift from stabilizing to at least modestly stimulating,"
Hopes for...
Like Hong Kong 50(See the Idea here
bearish start to the week, with hawkish central banks and growth fears continue weighing on investor sentiment ahead of a busy week.
The theme remained the same, with investor jitters over the economic outlook weighing on investor sentiment.
There were no economic indicators from the region to change the mood.
Market...
