HANG SENG CHINA ENTERPRISES INDEX Long idea1. Last lower high broke
2. Creating pattern
3. Waiting price to broke pattern
Chinaindex
Double top on the Shanghai Composite Looks dangerous... breakdown below 3350 is spelling trouble in uppercase.
MACD is not committed but has downside bias.
Watch 3350 and then 3300 levels.
My Analyses On Kweichow Moutai STRONG BUYMy Analyses On Kweichow Moutai :
STRONG BUY. Strong Break Out .
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Long China IndexLong on trend retracement. there will be some big news on the weekend so I might close this trade by COB Friday..
Hang Seng Set for Renewed UptrendUS China trade war resolution more forcefully impacts Shanghai Composite and Shenzhen Component, but Hang Seng should also see some gains. Moreover, we have seen a bit more progress in the negotiations apparently with tech transfers, tech war. Let's see if it pans out though. For more, check out www.anthonylaurence.wordpress.com
Shanghai Index: Buy the pull back.The Shanghai Composite Index has seen a considerable rise since the start of the year, which we predicted in December ( ). The parabolic rise on 1D has reached past the overbought zone (RSI hitting 80.000) and as it got close to the 0.500 Fibonacci retracement level (3,015), we should start see it consolidating. The strongest candidate for a pull back however is the 0.618 level (3,150). We are willing to buy any such pull back and target the 0.786 level at 3,340.
See below how we predicted this +22% rise in December:
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