1799.HKEX_Retracement Trade_LongENTRY: 22.30
SL: 18.25
TP1: 27.40
TP2: 31.30
- ADX<20. Would like to be higher.
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD -ve
- Retraced to 50% fib level each time and seems to react positively at that area.
- 13 Jul, 5 Aug and 2 Sep shows buyers in control with higher average volume on green candles and low volume on retracement.
- 6-11 Oct looks like volume dry up and maintained above HVN.
HKEX: 9633 Nongfu SpringHKEX:9633 Nongfu Spring just IPO-ed about a year ago. So not much historical data to work on.
But after a huge rally, settled to trade in a range since Mar 2021.
The $10 range of 47 to 37 range has been tested 3 times so far.
We are approaching the bottom of the range once more.
Buying near $37 to take profit near the top of the channel, and risking maybe $1 - 2 to cut at $35 seems viable
China intends on using up all unrenewable resources first.Why wouldn't it? Before making the costly move to renewable. Storing up insane amounts of coal and burning through them rapidly.
Chinese reports are sketchy at best, so funny enough the best news comes from expats living within them. Great stories. China is bulking resources and commodities, burning through reserves to do so. They believe it's a worthwhile gamble while the rest of the world realizes how difficult a changeover to renewables is.
Evergrande bearish Elliot waves Looks like a C point might be in and we may be entering into the next leg of the Evergrande down move. This may become significant.
3Short
5Long
Do we Really still need a Degree to earn a Living ?Yesterday, the 2nd day of CNY and we were celebrating with our friends here in SG. Around evening, we ordered food online but they failed to deliver the food to my friend's place. We contacted the HQ and they said after trying to reach the driver several times, they had no choice but to refund us the money.
But the app said food has been picked up and DELIVERED but the latter was not true else we would not need to go out to buy food from a nearby mall. Anyway, I asked my friend and he explaine
Are you doubling down on Tencent or freak out and sell ?Read article here
One of the most frequent stock I was asked this week by my followers (sorry if I did not answer your PM as early as I wanted to).
The way I look at it is like this - if you bought during June 2020 and hold till now, you probably see all your profits evaporated and hated yourself for not selling earlier. Yes and no. Yes because you could buy back now (assuming price stabilised at this support zone and PROVIDED you have the ability to fortell the market). If not, then do not
Buy Ping An at HKD 52.90Experience has taught me that when solid companies are on discount.... buy them and don't let go! A solid 5% + Dividend... Cost barely above book value, Insider purchases, company buybacks... are some of the reasons this looks like its time to buy.
This is a great set up for a trade and for a buy-and-hold
Double bottom as the stop loss
Entry: HKD 52.90
Target: Over HKD 100
Stop loss: HKD 48.50
Time Frame: 1 Year.























