IF the monetary stimulus keep pushing Chinese stocks, we could be building a new impulse to retest the 16,500 area. If broken, it could speed up to 20,500 points. What I find positive: lots of shorts still pressing the price to the downside, that could be gone if the price squeezed to the upside. What I find negative: movement has been too fast, no...
The China 50 row traced over 7% from a high to the June low. But a triple bottom formed at the 12,000 level, just above the 200 day average. A Bullish divergence also formed on the two-period RSI whilst the triple bottom formed. On Tuesday we saw clear range expansion to the upside and a daily close above the 200 day exponential moving average. This suggests an...
China has been on an uptrend. It broke the resend resistance. Dropped back on it and it up for today. It seems likely we move more up to the next level.
To summarize: 1. We are currently in the 5th wave down. The last wave. 2. Potentially a sharp drop for the last 2 weeks of Dec 2023. 3. Price might follow the same pattern as Dec 2018. 4. Target 10130-10145.
hello dear trader i am still in buy position ... we buy at bottom we must waiting for target filll good luck
The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside. If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June...
Once again pretty important level on the Chinese market. If the price can hold this level we could expect a rally to the top of the triangle, otherwise if it loses it, we will probably visit the lows. NFA
hello dear trader this price action of (chinaA50) FTSE China A50 Index is a stock market index by FTSE Group, the components were chosen from Shanghai Stock Exchange and Shenzhen Stock Exchange, which issue A-share; B-share were not included. Other similar product were CSI 300 Index by China Securities Index Company and "Dow Jones China 88 Index" by S&P Dow Jones...
Price has tested support and rebounded on the descending triangle which was also the 200 SMA. I am expecting the price to raise from here and complete a possible right shoulder (neck at 14.3k). This could lead to a powerful breakout. NFA.
To celebrate the new year, here some TA on the China A50 index: The breakout of the descending triangle led to a powerful rally that is still in full place and will most likely bring us to 15k. The golden cross (50 SMA crossing 200 SMA from below) could be the fuel to propel us there. 15k represents a major resistance, if broken on the first attempt (unlikely),...
China A50 index ( CN50 ), a measure of the Chinese onshore market that keeps track of 50 of the biggest Chinese A-share companies listed on the Shenzhen and Shanghai stock exchanges, broke a major upward trend that had been in place since 2016. The technical picture sees the A50 index currently dominated by a descending channel pattern, having fallen 42% from its...
CHINA A50 CN50USD Weekly Elliot Wave Analysis ChinaA50 Index - Bullish Sign Active
China A50 hitting high time frame support Ascending triangle re-test
The China market is very dependent on several industries: Technology, Real Estate, Manufacturing. Chip Shortage, Evergrande defaults and Power Outages directly opposes the rise in these industries. Triple Whammy.
Testing a major support line. Oversold RSI. Down 30%+ from the highs. This is looking like the best bang for your buck in index's. Looking closely at this next week. Give your thoughts.