JD could make limited pushdown towards our pivot level, where the 61.8% fib retracement is. MACD is also showing that this bullish trend could enter a period of consolidation.
HSI has seen Stochastics resistance, near-term correction is possible to our graphical pullback support and the 50% fib retracement.
XIAOMI just hit a good buy entry at the 61.8% fib retracement! Trendline is not broken and EMA (34) also support a good bullish momentum from here! Stochastics also shows price is reaching a hidden support level !
HSBC is touching the upper band of BB! With bearish trendline, price is still faced with bearish pressure. A touch with the upper band with squeezed BB channel often predicts a sharper drop!
Xiaomi could retap 38% fib retracement and graphical pullback before bouncing higher !
Tencent might pull back to the support line and bounce !
BABA is still under bearish trend, more downside !
Tencent could pull back to the 23.6% fib retracement, after a strong sell-off session today. Technically, a pullback is healthier in the longer-term to gather more bearishenss downward. if we can catch that pullback, it will be a good sell entry to rider the bearish trend going forward.
As the investigation on BABA is still on, the worries is keeping a cap on $baba share price. But technically, BABA is lacking a major pullback to the resistance and this could be a good opportunity to short from .
sgx is seeing good support from trendline and graphical support ! Stochastics is also showing room for more upside !
A key support level is identified according to trendline and key fib levels, our buy entry happens to be where the 61.8% fib retracement and 61.8% fib extension are. Price is likely to bounce from there if price reaches the level. Good level to go long from, in line with the trendeline we have identified on H4!
BABA's breakout of the bearish triangle turns out to be fake out, now price is back below the trendline. With EMA also showing more pressure, the general downside trend is not changed !
Meituan is forming a nice descending triangle pattern and is currently waiting for breakout from the descending triangle ! if price could closes belowe the horizontal support line where it has tested 3 times before, we might see a further drop towards the downside !
Alibaba breaking above the descending trendline, more upside! MACD is also showing support for more room towards previous swing high.
China’s antitrust watchdog fined Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signaling Beijing’s intention to tighten oversight of internet sector deals. The penalties come after regulators last month declared their intention to increase scrutiny of...
PM LEE 's announcement of Phase 3 is opening upside for SIA! The forecast of getting 80% of the population vaccinated by Q3 of next year is well ahead of our expectation! SIA should recover faster than expected in coming days!
DBS is seeing a double top and MA9 cross below MA 50, more downside is possible !
Xiaomi made a revisit to the trendline, more upside ! Stochastics also support a bullish scenario!