Agricultural Bank of China (BUY)the 50 moving average seems to want to support the price over the last 13 candles after the breakout of it with force on March 28, 2022 and the RSI resumes acceleration, gradually approaching the neutral zone. If we break the trendline and we position ourselves above the 50 zone of the RSI, we go buyer after the pull-back.
Has the China property sector bottom out ?If the price action in the chart reflects correctly, then this could be the bottom for the China property sector. The peak happened a year ago in March 2021 where the price was highest at 34.56.
The past weeks candles tell me there is a tug of war between the buyers and sellers. $22 seems to be a pretty strong resistance so we need to break above that for a convincing recovery bull rally for the property sector.
this stock is in a critical levelhello investors
Wow the beauty of halves of trends is clear and fascinating here in this chart.
I explain: we are in 50% of the big uptrend correction and also in the 50% of the last downtrend corection so if the elipse zone are broken you should ride the trend up or down.
Remember please that I am not using cristal ball predicting markets' future but I try to be more effecient and more rationnal
Do not hesitate if you want some explanation and more analysis of other markets, just ask me and i will be glade to answer you
an other up channel will accurehello, this stock has a big oppotuinity to grow up more and more,
why?
As you see it tried to break out its channel several times by keeping its uptrend. so if you see it breaks up that up corridor stay at your buying position and blow up your earns.
targets are showen on my chart
NB: i don't have a cristal ball predicting markest' future but i try to be more efficientr and rationnal in my trading.
Good luck and let some feedbacks if you want more markets analysis (you can ask me other markets)
Forecast № 19 # 600519 (KWEICHOW MOUTAI CO., LTD)When crossing the price level 1, I consider the following options for the price movement up, differing in the depth of the corrective price movement down. Detailed trading information (forecasts for all assets, entry points to the position, opening time, STOP LOSS) is available by subscription @TradePrBot.






















