Price of HKEX has been moving within a range and recently get out of the downtrend and resume the upward move once retested the base that is forming at current. Potential target at $560 , and followed by $700 - $725 before another consolidation/healthy retracement. Stop loss by $400 for this setup to be invalid.
First question is what is your holding period? If you look to invest for more than 6 months to a year, then good to build your first position in Tencent at current price and we might see 7xx in future (unknown timeline) . However, if you are trading for quick profit, the current price will most probably ranging within $100 before any significant move can happen...
With a strong performance in Aluminium, Rusal will start to move out of long term downtrend. Price of Rusal has tested the based 3 times and poise for a potential breakout with a immediate resistance at $7. Rusal tend to have the strongest performance between April in the past and tend to fall sharply in Jan. If price can break out and retest $6 , we expect it to...
Price of gold has more or less topped at 1900 with day candle showing sign of weakness and resisted within H1 timeframe. and price within the channel. Once price to settle (closed) below 1880, we will see further move down to the 184x which is possible to be hit in the coming weeks. We are expecting gold to continue to fall with a final target at 1780 - 1810...
Tencent if do not go up above 620 beyond the moving average by next week and break below 590. We would expect a fall to 500 Range and possible hitting 450-480 zone. $450 would be an attractive price to buy and hold Tencent for the long term.
In the short term, price if dbreak below $160, we will look to buy at 130-140. As price of Wuxi Apptec with strong support at 130-140. So long if this level does not fall, we would expect it to regain 200-210 region with a final target at $250
Rising Wedges has formed for past 5 days and finally broken down. It was a difficult trade for trader in the past few days due to the range has been getting smaller and smaller each time. However, Price has finally broken the rising wedges and we expect the a bigger movement to comet with a price target around previous low at 1844 - 1846 range. However, do note...
Ever since our long term chart , the price has moved in similar fashion. Price has now reached a certain top with a rising wedges reversal signal for a potential reversal for the short term retracement back to 1840 range in order to move into the next price zone of 1950.
As a new coin, there is no historical data to tell us what is low and what is the highest point it can reach. IMO ,low will settle at 0.00009 - 0.000010 range which will eventually stabilized and bounce back after people are feeling much pain from the crash of crypto and weak hands would have let go with panic. 50% + 50% discount!! Short term target, it...
68 has been a strong resistance. With price at current if the current trend line continue to resist it, we might see the dip to 62 Once 62 is broken, the next level will be 58. However, if next week price is to break up strongly and retest 68, we will presume uptrend continues.
Gold price has shown a potential reversal from the downtrend since 1 year ago and gearing up for an uptrend for gold. Price of gold expect to reach 1850-1860 and if retest back at 1760-1800 would be a confirmation that the uptrend to 1950 has begin. We will be cautious in the next spike up in gold for seller to unload their gold holding in the coming days.
Long consolidation in mid 2020 till now for almost 1 year now. Prices looks like it is ready to move up further to 50-52, so long as $30 stands as a strong support. The far leg target to be 75-80.
last week price has travel upward in the channel and rejected by midpoint which confluence which longer timeframe resistance. Chances of price could further break down once retest 1790 and next target be 1740 then 1720.
BCH has a great fall which is much needed in order for it to go retest the trend. The long consolidation before hand has definitely gather many buying forces which would be more than happy to scoop more during this period. So long as $500 not broken, we should see it coming back to 1100 range and with a near term target of 1600. Maintain buy rating on BCH which...
After the 2020 downtrend due to Covid which impacts its earning, the firm is poise for recovery with increase in tourism and vaccine roll out. However, As price has yet to retest the bottom with a gap up previously. If price fell back to $64 it will be a good opportunity to scoop some to test for potential rebound. As this is a slow recovery sector, one can...
Crude oil at $62.50 pose a strong resistance with multiple failing to break through it. Next week if this got rejected and breakdown below 60, the next target will be $55
Oil has been moving within a downward trendline, next target $55.00 once broken $62.00 despite all the news mentioned of potential spike in oil prices especially when prices , as such I hold a strong opinion that oil price has topped from here.
As price has been moving upwards for the last week after retesting 172x zone, now it has come to a resistance. In the next week, price if break down below 1770 , Looking for opportunity to short once broken. It will target to 1738-1746 as 1746 resistance is relatively strong.