NASDAQ:AAPL
After broken out the mid-term triangle consolidation which started to form from 25th Jan 2021, it seems exhausting and closed with a bearish engulfing candle at 24th Jun 2021, therefore retracement is expected.
Take note of the potential retesting at the edge of the triangle pattern which is at around 131~132 level. After re-testing, if a strong...
BTC is currently performing a short-term re-bouncing after broken down the triangle consolidation as well as couple of major support SMAs (20,100, 250).
Take note of the potential re-testing of key level of triangle consolidation 36000 to 36500, which also contains the strong resistance, the 100/250ma.
Short position is recommended IF only the confirmation bearish...
FX:GBPUSD
Ever since broken up the long term downtrend line extended from NOV 2007 and JULY 2014, the GBPUSD has been in a very bullish movement for the past few weeks, however at daily timeframe it has tested the major mid-term resistant level extended from 13th Mar 19 and 13th Dec 19 twice at the past 14days, and couldn't manage to close above it. It looks like...
SSE:000001
Happy 2021 traders!!
SSE Composite (China A share index) has finally broken up the long term down trend line extended from Dec 2015 and Jan 2018.
Indeed it is a very bullish movement! The major resistances above are at 3587 and 3684.
Stay tune for the update:)
NYSE:SNOW
It looks like the neckline for this head & shoulders pattern has been broken.
Please be patience and wait for the price to drop to the highlighted demand zone, or even the measured level of this H&S pattern if you like this stock and wanna invest in it. (This is the most famous IPO in 2020 with blessing from Warren buffett:))
Alternatively if you wanna...
NASDAQ:TSLA
After a month of rally, TSLA has reached the top of the mid-term upwards channel.
We may observe if it could further breakout the channel and continue its rally or retrace and retest the demand zone at 580 to 600, and perform consolidation.
The bullish momentum of TSLA is very strong, so only buying on dip is recommended, and you should know what I mean:)
HKEX:3690
One of the hottest HK stocks 3690 has just broken up the short term trend line with a good momentum.
A buy setup with 1:3 risk to reward ratio is possible. Put the stop loss right below the weekly low which is 293 and tp target will be the previous historical high 338.2
Stay tune for the update:)
OANDA:DE30EUR
DAX has broken the mid-term downtrend line, and closed above it on last Friday with good momentum.
Potential buy setup with approximately 1:4 risk to reward ratio is possible.
We may paste a trade directly, or wait for the price to re-test the downtrend line for solid confirmation if you prefer a more conservative move.
Either way the stop loss...
OANDA:XAUUSD
After broken down the key support level 1848, the XAUUSD has escalated its downwards movement. Now it is near the first support level, the daily 200ma.
If it reaches 200MA, we are expecting to see the following scenarios:
1. Re-bouncing and re-testing the key level 1848 which now become the resistance from previous strong support, before it continues...
XAGUSD has broken the mid-term trendline extended from 18 Mar 2020 to 29 Oct 2020.
Potential short trade with around 1:3 risk & rewards ratio was triggered after the trend line was broken.
Stop loss was set at 24.453 and final target will be at 200MA in daily timeframe.
Take note of demand zone from 21.66 to 22.73 and partial profit can be taken if it is reached.
BITFINEX:BTCUSD
BTC stated its retracement after weeks of rally.
Since this is an uptrend, finding the best spot to buy on dip is in priority.
Instead of being in the hurry to catch the falling knife, we may observe when and at which level the price can be held, and wait for the reversal confirmation signal for a proper buy setup with lesser stop loss.
The next...
SZSE:000858
One of the hottest Chinese stocks at China SZSE, starts its retracing movement.
It's just broken down the 20MA in daily time-frame. If the key level of 258 is unable to hold, it may retrace further.
The best spot for buying on dip would be the daily 50MA which is also located the strong demand zone 241-245, as well as the mid term up-trend line...
FX:AUDUSD
In weekly timeframe, Aussie has been standing strongly above the 250MA for the 2nd week.
in daily time frame, after few days of consolidation, it starts to challenge and going to test the previous high done at 20th sep, 0.7414. If it can successfully breakout this key level, it will continue the bullish movement towards to the next key level at 0.77. If...
