CHINA ENERGY ENGINEERING break rectangle patternChina Energy Engineering (3996.HK) breakthrough rectangle pattern and there is 20% potential upside. Fundamental are positive since China had a hot summer and the demand for electricity increase. CEE is a electricity related stock and stage positive from short-term trend. Stop-loss level is set at 1.03 HKD .
700 AnalysisPrice is on a downtrend. Buy-side liquidity was grabbed a few days ago at 403.6, but price is unable to close above. Also note that price is building sell-side liquidity. I'm expecting price to take out sell-side liquidity to the downside. Other than this, price action is choppy here and could be the start of wyckoff accumulation schematic.
BYD.....Waves c to lower levels in motion!Hello Traders,
in € BYD has set a new ATH €41.85 yesterday.
At stock exchange Hong Kong, the stock is trading @ 319 HKD this morning.
Price is on path as I determined; it ranges from 380.- – 400.- HKD!
It is the upper trend line of the channel, depending on if and when it will be achieved.
Support zone ranges from 288 to 278 HKD.
The move since the ATH is a waves a-b (done), and a waves c to follow. This wave should end at or around the support level. Recall, that it also can morph into waves
WATCH $788 BORING IS GOODBullish
Fundamental
- Moderate inflationary Macro environment in the EAST / Most still like to chase WEST high don't fancy EAST undervalued sentiment
- Funds Accumulation
- Positive PE
- Decent PEG
- Positive P/FCF
- Top 50% Sector / Industry / Leader
- Boring sector but think 5G & 6G
Technical
- - Momentum Theory Indicator - momentum bottomed making inverse H&S action
- Price action formation ( deformed falling wedge )
- Price action losing diving momentum, price action is rotating
WATCH $1211 SOMETHING IS AMISSSomething caught our attention on the weekly chart on $1211 BYD Company Limited on the HKEX. While the price is making higher high, we observed that the momentum is making a lower low forming a bearish momentum divergence.
As you can see from the chart, each thrust momentum is diminishing forming a rising wedge which is a bearish price action.
We foresee the momentum extinguish at the 3rd oscillation and eventually price will break down from the rising wedge into a bear cycle.
REVIEW $3800Bullish
Fundamental
- Controlled inflationary Macro environment / boring sentiment in the East
- Good theme - Carbon neutral / green
- Funds Accumulation
- Decent PE
- Decent PEG
- Decent P/FCF
- Strong Sector / Industry / Leader
- Great theme along with the CCP direction of carbon neutral
Technical
- - Momentum Theory Indicator - momentum consolidation / breakout
- Price action formation ( Bull flag )
- Volume surged upon break out
- Momentum broke out with volume surged and pric
Chinese Property Equities Bubble Crash?Well, it has already popped. Evergrande is down 90%+ and Country Garden is almost down 60% from 2018 highs and testing 7.36 support.
A simple 1:1 extension of the 2018 drop would mean sub-14HKD prices are not too far away... watch for a break of local support at 19.20 for another 30% drop.
3Long
HSBC LongHSBC (5.HK) finished its triangle pattern and it's a greater chance to move upward. It is notable that its peers remain weak. As HSBC is the market leader with more than 50% market share, its single stock will be the leader, rather than the group (Hang Seng, Bank of East Asia, Dah Sing Bank, Public Bank Hong Kong)
WATCH INDIA & XIAOMI $1810 Smartphone market in India - statistics & facts
India will over take China and emerge as the largest population in the projected year 2100.
Rising disposable income, cheaper internet, and the need to always stay connected are some of the factors that have led the Indian smartphone
market to grow into one of the largest smartphone markets in the world.
And with the entire nation glued to mobile phones ( like any other countries in the world ) It is undeniable that we cannot live witho
BYD.....She did it!Hello Traders,
BYD did it. A new ATH in HKD @331.40 on a closing basis.
Also, a good indicator for higher price is, that this high occurs with a strong volume. So more Traders are willing to pay higher price for BYD and bought at the top.
My price target is valid, as I wrote in my later analysis. It is at or around HKD 380.- and it is the upper line of the trend channel.
As long as BYD is trading above HK$286.60 the focus is to the upside with much bullish potential ahead.
A break of the 210 ran
WATCH $968Bullish
Fundamental
- Leading industry
- healthy fundamental
-
TA
- Correction momentum is diminishing forming a potential bullish pennant
- Price is still within upward trend
- Price is under pressure with POC level
- Will be keen
1) price above POC
2) price above 200MA
3) price breakout pennant
4) momentum breakout
accompanied with volume !























