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RH - positive and likely uptrend continuation - cyclic toolsNYSE:RH This time its time to look at RH RH has been moving upwards and forming an uptrend since early June 2019. A quick look on the chart and we can establish a few key support/ resistance lines Support 1 : 218.23 Support 2 : 206.60 Support 3 – 192.12 Support 4 : 171.34 Resistance – Stop buy entry level : 228.72 Resistane 2: 243.84 There seems to be chart formation happening. On breakout above 229, one could expect a continuation of trend Upward Price target- 270 Interestingly, price seems to be making a trough or a intermediate corrections on the trend every 14 days. If this is the case, then yesterdays price close could be a near time low for the 14 day cycle. Next important day to look for is 30th Jan and then 13th Feb 2020 for next low on the cycle. Interesting times ahead given that US and China trade wars seems to be moving in the positive direction Please note this is not an offer to advisory, please consider account size and risk management tools If you like what you see, please share a thumbs up!
NYSE:RHLong
by LoveForCharts
[ Short ] Cathay PacificLiving in Hong Kong, I am seeing the protests re-emerge literally outside my flat. I do believe this will have a continued impact on tourism here in the S.A.R.; notably from Mainland Chinese. HK Tourism I believe the move which began on 8 OCT is a result of the "Phase 1 of the Trade Deal." ( same day as Trump started it ). While I believe greater "USA election related progress" will be made on that front, the protests are not stopping & have been / exp. to continue to have a direct impact on this particular equity. As of now, this ~3 month retracement represents a ~1.5 standard deviation from the mean looking back on the past 20 Yrs. Further relevant items below: Would love to hear any / all comments & suggestions; notably on the Target / Time Horizon albeit any / all would be appreciated. Cheers.
HKEX:293Short
by sobcza123
1
VIPS run should continue after pullback from overboughtChinese retailer VIPS has been on a massive run lately, and is now pulling back from overbought on the weekly. The stock has formed two upward trend lines, one steeper than the other. We may break the steepest trend line and bounce from the secondary one. VIPS started 2019 at a low valuation, and over the course of the year has seen a roughly 100% increase in its earnings forecast. The share price has risen accordingly, but the stock remains significantly undervalued according to S&P Global Intelligence, with a valuation rating of 86/100. VIPS has posted huge earnings beats on its last five earnings reports. The company next reports earnings on February 18, 2020. Judging from the current earnings forecast, I judge that the share price is likely to hit $30 per share by 2021. The stock has a 9.5/10 analyst summary score and fairly bullish options volume even after the huge run it's been on.
NYSE:VIPSLong
by ChristopherCarrollSmith
China 50 Reversal PatternThe daily chart of the China 50 gave us a reversal trigger on a Friday. Going forward this week would ideally like to see how the market opens to see if it can give us a pullback. The market structure is apparent. Higher lows and higher highs. We hit a resistance and from here the higher lows (uptrend) began to weaken. From here, we created and confirmed our first lower high with the break of the neckline on the head and shoulders pattern. I would watch to see how price reacts at the 13400 zone, but main target would be 13000.
FOREXCOM:CHINA50Short
by Uncharted-FX
China A50, longChina A50 gave a buy signal on Nov 1st 2019 on day charts, as indicated on charts. As we see now, price has formed a higher high and we will deep dive into the hourly and monthly charts for cues. Look out for retracements and if price continues to make a higher Low, then treat it an entry point to buy more Adding my earlier studies for different perspectives on charts If you like what you see, please share a thumbs up and a comment in the section below If there is any specific chart to be reviewed, share the details below and I will try and revert at the earliest Lets discuss! Cheers
OANDA:CN50USDLong
by LoveForCharts
CQQQ, on weekly charts gaining strength - buy set upAs seen on the weekly charts, CQQQ seems to be changing directions. Bullish divergence seen recently as indicated in the chart and price getting into an uptrend, recent week high also broken and price now eying the 52.31 level breakout. Important to see a retest and look out for price retracing and confirmation of uptrend if price makes a higher low than the most recent previous levels 2 ways to play 1. wait for higher low to be created and if next candle after that formation is positive, go long 2. Incase you want to wait for further confirmation, then wait for 52.31 levels to be breached and then go long IF you like what you see, please share a thumbs up Cheers
AMEX:CQQQLong
by LoveForCharts
Shanghai Composite: Golden Cross. Potential for an strong rise.SHCOMP is currently pulling back off a Double Top formation near July's 3,050 Resistance. The key development here is the potential to have a Golden Cross formation on 4H. Last time this pattern emerged was in mid February 2019, when again the price was pulling back after a Double Top. The result was an aggressive jump of +20%. Medium term investors can wait for the Golden Cross to take place, catch the low and then go long on the medium term. Target Zone: 3,250 - 3,400. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
SLong
by InvestingScope
4
China 50 Head and Shoulders?Seeing some weakness here on the China 50, as the buyers bid to make a new higher low has yet to succeed. If we break this 13800 zone, it will be a break of a flip/support zone. Indicating there is no strength with this break out. Be patient and await for the candle close. Here is how it looks like on the 2 hour chart: The head and shoulders is very clear. Still would await for a nice and strong close below this zone. 13500-600 is where I would see another flip zone acting as support.
FOREXCOM:CHINA50Short
by Uncharted-FX
2
Strong Close but Can FFHL Continue Higher?HUGE day today but I'm not sure if this news is enough to make a reason to keep this on the radar or not. I'm sure after today, the weekend warriors will notice this volume and price move. "This is what happens when penny stocks release news afterhours. Just because the closing bell rings at 4PM EST, doesn’t mean you stop watching the market. Those who had access to aftermarket trading on Thursday could have reacted to the companies latest announcement. FuWei reported its quarterly and 6-month results, which seems to be the spark that lit this fuse." From Top 3 Penny Stocks To Watch On Friday on PennyStocks.com Results: FuWei reported 10.7% growth in sales compared to the same quarter last year. It also saw EPS come in at $0.04 per share versus last year’s period of a $0.4 loss per share. The company’s plastic film products are widely used for food, medicine, cosmetics, and even tobacco. NASDAQ:FFHL
F
by PennyStocks101
China 50 Possible Head and Shoulders PatternWe have had a recent downtrend to the 13400 zone where it looked like we could see an inverse head and shoulders to the downside. However, we failed to break below. Now we are attempting to create a head and shoulders pattern to the upside. Waiting for a break above 13700 with a nice close. Equities seem to be ready to get a boost from world central markets with the promise of more cheap money. The ECB is tomorrow and they are likely to cut rates even negative and provide more stimulus. The US Federal Reserve is then on tap to do the same next week on the 31st. The Chinese markets may have other issues. Talks of a banking crisis with Baoshang bank, and other economic problems...China's last GDP reading of 6.2% was the lowest in 27 years.
FOREXCOM:CHINA50Long
by Uncharted-FX