Analysis on CN50 Top50 Ashares: beginning of the bullish trendDear all
the view remained the same as it broke the downtrendline
the upside now is wide open.
Best of luck
Fading weird exubernaceFundamentals & Sentiment
ChinaA50:
The pop higher yesterday didn't have any viable reason behind it. The data came out mixed.
Technical & Other
Followed the price action trigger to guess how the market interpreted the data.
USD:
The trade is meant to be very short-term, while USD paired with ind
CHINA A50: Make or break time on the 1W MA50.The China A50 index (CN50) is giving us excellent return on our bullish position since our last post (December 21 2023, see chart below), even though it hasn't reached the 13000 Target:
It is time to take profits on this amazing rally as the index has hit and got rejected twice already on the 1
Long opportunity!After falling since Feb 21, it seems it's on the way to some recovery completing the 5th Elliot wave. For any long position I would wait to break the wedge upwards.
China trend upAgainst all odds... china is becoming as buy now.... as quote said... buy when theres blood in the streets!
China A50 ThoughtsChina A50 Thoughts i'm tracking
Seems a little slow to play out but I'm watching all the same.
CN50--China risingBull flag on 4h chart will carry price back to test long term downtrend line. Possible bottoming pattern.
CHN50 to breakdown?CHN50 - 24h expiry
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
The primary trend remains bearish.
Short term momentum is bearish.
We look for losses to be extended today.
A break of the recent low at 11356 should result in a further move lower.
We look to Sell
Chinese Stocks: Government-Backed Rally Boosts New Year OptimismAs China ushers in the Year of the Wood Dragon this weekend, government-backed initiatives are breathing life into the country's struggling stock market.
The Fall: A Crisis of Confidence
In the lead-up to the Chinese New Year, Chinese stocks faced significant headwinds, prompting a decline th
CN50 to continue in the upward move?CHN50 - 24h expiry
There is no indication that the rally is coming to an end.
The RSI is trending higher.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels
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