BYD Long from $177: An updateThe original idea of long and bullish explosive up move HAS NOT changed. It's that now I expect price to move down slightly more before moving up.
LongLong
BYD Long: Expecting Explosive Move UPI am expecting an ending diagonal and then an explosive move up. This is the time to LONG!
Long
long trend down, short trend upHead and shoulder almost done (70%) for another correction or continue the trend. (30%)
Wait till it gives direction.
LONG on XIAOMI1. Backtest of 200 EMA and SMA
2. (Possible) ABC between 1.236 and 1.382 retreace (white)
3. 0.5 Fib retrace (yellow)
4. RSI and STOCH RSI reset
5. MACD in bullish trend
SL 11.88 HKD TP at least 16.98 HKD
www.tradingview.com (use dark mode)
Long
Alibaba - 80% drop from the peak, what are you doing about it ?Sell, sell , sell. Much like the panic and frustration in the China property market, from Tier 1 to Tier 3 and beyond, you read up about more and more news about home owners selling their properties 30-60% off their purchase price.
The stock market is no better. Once , the darlings of China Tech industry, Alibaba is soon reaching its 80% lowest point from its peak at 300.
Trillions of dollars have wiped out the entire market, consumers' confidence are ultra low, job market prospects are ble
Trend is your friend The obsession of catching the bottom and being proven right is so strong that many would fall for it willingly , taking an unknown risk with no idea if the down trend has reversed.
Looking at the weekly chart, if Oct 2022 is the bottom, then the current downtrend should be rebounding soon and not continue to fall next week/year in 2024. If I am right and it does fall to revisit the Oct low again, creating a double bottom , which I have neither the skills nor foresight but mere conjecture. So ,
2328 (PICC Property & Casualty Co.)PICC Property and Casualty Company Limited is the largest non-life insurance company in mainland China incorporated in 2003. It was one of the three main subsidiaries of the People's Insurance Company of China. PICC P&C is principally engaged in the provision of property and casualty insurance products.
Symmetrical Triangle.
Long
Xiaomi: Still some Room! ⬆️Xiaomi stock has retreated somewhat in recent days. Nonetheless, we are sticking to our primary assumption that the price is likely to surpass the highs from November once again as part of the magenta wave (B) in order to form the high a good deal further north. Accordingly, we expect a return to this short-term bullish path in the near future. It is important to note, however, that the 33% probable alternative would already allow the high to be in place. We would favor this scenario in the even
Long
Tencent Short: Target $246.Firstly, apologies for coughing around the 8th min (too much chocolate).
Basically this analysis builds on top of the HSI and China A50 analysis that I've done previously and that I expect Tencent to move down to $246 and hits the lower channel line as well as 1x of wave (1) distance by 2023 year end.
Short
BYD Short: Price target of $166.8 by EOYI expect BYD to fall to $166.8 given the following:
1. Price fall before trendline cut = price fall after trendline cut
2. Fibonacci extension level of wave 5 (of C) = 1.618 of wave 1 (of C).
Short
NETEASE, down due to news or....?Today's news, "China to tighten controls on video gaming industry...."
Traders & investors's overreaction? Or the charts already say so?
I'm purely chartist, base on charts itself, I may sell too.
>> Price keep create LH.
>> Unable to break Parallel Channel
>> Market structure shifted.
Some traders / investors might look for opportunity. Are you one of them?
Personally won't catch red. Just left it drop until the rebounce signal appear.
When the market moves where, and how, and if - the
What will the fate of Tencent be like ?Read the latest article here
As a shareholder , I am not too happy. But as a parent who has two kids pretty glued to the phones , this might be the answer to help them stay away from their phones and do something else. To be fair, I am not born in the internet or mobile phone era where information are readily available online. Naturally, kids will resort to their device as the primary resource to seek answers.
Current price is supported at the 618 Fib Level but I am of the opinion that it w
Anta Sports: Turning Point Reached 🛑The bears dominated Anta Sports' price action last week, causing further sell-offs. Given this development, we do not consider the magenta wave (x) to be over yet and give it some room to fall. However, the price should not fall too much further and especially not below the support level of HK$67.85. Above this level, the low should be reached and the bullish move in the form of the magenta-colored wave (y) should resume. On the other hand, a break below this level would trigger our alternative
Long
$TENCENT shows sign of rebound with bottom formed$TENCENT shows sign of price bottoming on last Thursday with high volume supporting the price from going down lower. (Yellow square box)
Based on our analysis, the rebound signals further sets in with price recover more than 50% of the Friday morning price fall. This indicating demand is coming back in after 2 weeks retrace & selling pressure easing. Which could lead to a price rebound in the coming weeks.
Our trading method: we are looking into Bull CBBC on this potential short term rebound
Long
Petrochina: Please reverse! 🔄Last week, the PetroChina share price continued its downward trend and has now reached the level at which it should form the low of the blue wave (iv) in our primary scenario. Consequently, it should soon stabilize and stop its downward movement. With the low in its pocket, a further rise is then on the cards to complete the turquoise wave 4. Only when this overarching movement is completed should stronger declines follow. However, there is also an alternative scenario with a fairly high probabi
Long
CSPC - growth potential.Hi everyone.
This is my first idea in English, I decided that it would be more convenient and would reach a large audience.
Briefly for the English-speaking audience: I publish mid-term ideas with an average term of 2-3 months. Over the past month, 3 out of 8 ideas were successfully implemented, all overtook benchmarks with a profit of more than 10%, the rest of the ideas are in the process of implementation.
Today I want to tell you about CSPC:
What's interesting here?
- Shares of CSP
Long
Has Tencent bottomed out ?We see from weekly chart that it has multiple support at current price of 315. For those who believes in the potential of this company can start to accumulate/buy now or wait for it to clear the resistance at 388.20.
Let's see how it goes ....
Long
179 - 16 months ASCENDING TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- sin
Long
Xiaomi: Take a breath 😮💨Xiaomi stock struggled to continue its uptrend last week and is currently trading slightly lower. However, we see this as a normal counter-reaction to the strong price gains and part of the substructure of the magenta wave (y), whose top and thus the end of the same-colored wave (B) should be in sight further north. Therefore, we expect that the bulls will soon regain the upper hand and push the price a bit higher. The high should initiate a change in direction and start a significant downward m
Long
China Life Insurance: Bounced back🎾After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result, entry opportunities remain within the zone on the long side, with stops placed around 1% below the lower border. We expect the price to
Long
Warning was given to the greedy investors in ChinaRead this latest article here
It appears that ample notice was given to greedy investors who bought excessive properties to turn around for quick profits and were caught with huge debts as the share price of this big property firm starts to collapse...........
From 2009 to 2017, the share price was moving sideways, pretty boring and lack a strong buying reason. Then, it went up almost 90 degrees within a short period of time, 2017 and causing the CCP to make statements that properties are f
853 - Signal to "TAPAK JERUNG"30th Oct 2023, the stock has made an increase and then the price sideways for a few days. On Nov 2 and 3, 2023 appear Sharks (yellow bars). The appearance of Sharks during the sideways price is a signal to the door "TAPAK JERUNG" in the EPRAF indicator. Let's watch the action of 853 next week.
Short
XIAOMI BUYHi, according to my analysis of Xiaomi shares. There is a wonderful investment opportunity with the stock breaking the support at level 11. And breaking the descending channel with a very positive green candle outside the pattern indicates a strong entry of buyers. good luck for everbody
Long
Goldwind: downward spiralOne of the few wind energy companies that has no loans. The down channel seems to stop.
Long