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 1W MA50 (blue trend-line). This is a sign of weak momentum and as...
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.
Against all odds... china is becoming as buy now.... as quote said... buy when theres blood in the streets!
China A50 Thoughts i'm tracking Seems a little slow to play out but I'm watching all the same.
Bull flag on 4h chart will carry price back to test long term downtrend line. Possible bottoming pattern.
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 a break of 11345 (stop at 11465) Our profit targets will be 11045...
As 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 that wiped out nearly $2 trillion in market value. Several factors...
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. A move through 11500 will confirm the bullish momentum. We...
As posted 2 days ago, the Chinese market was forming a bullish triangle, for the first time in months. Today, it broke above it. This breakout could move their market much higher.
CHN50 - 24h expiry There is no indication that the selloff is coming to an end. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 11000 will confirm the bearish momentum. We look to Sell at 11100 (stop at 11200) Our profit targets will be 10850 and 10800 Resistance:...
China markets struggling to stay out of bear market territory. They were the first to correct that led to many markets hitting resistance and chop. China has now formed a solid bear Flag. A drop here could have broader global market implications. Always important to listen to the message of the markets and let them tell you what is going on instead of guessing....
waiting for a short setup against China A50 and a long setup on Nikkei 225. Let'see how it goes. Traders who did the Long Japan/ Short China trades last year earned a lot. Will this combo still be the most beneficial trade for equity traders? Currency these 2 economies are gonna cut their rate. The difference is China's gonna cut their rate regardless of...
weekly bul div and very oversold conditions, makes me believe that it's a nice place to DCA with a nice targets above.
BEARS BEAR BEARS or should i say PANDA PANDA PANDA nah sounds like desiiigner that being said i see the potentiality of more bears this coming wave considering how i expect more power from dxy soon as u see below usdcny gets stronger HSC weaker and vice versa is true after looking at usdcny im going with the white route And remember kid you can make a million
The past four years have not been friendly to China's economic outlook and the stock market reflects this. Several economic, legal, geopolitical, and social challenges have negatively affected investor confidence and triggered a mass migration of investors out of China. However, China plays a vital role in keeping the global economy running and this will remain...
CHN50 - 24h expiry Buying pressure from 11103 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to...
The China A50 index (CN50) has been trading within a Falling Wedge pattern since July 2022 and more recently in particular hasn't been able to break above the 1D MA50 (blue trend-line) since September 08. That bearish sentiment may be coming to an end as the 1D MACD is about to form a new Bullish Cross in the same order as the November 01 2022 Low. This could be...
On 4hr chart divergence is forming. I still think it's an opportunity to buy. RSI on daily chart is 27 - very low. We might be here for a while because of low volatility during Christmas holiday.