China A50, riding the PBOC stimulus 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 rise-consolidation-rise patterns.
For confirmation, breakout above 14,500 (upper Mogalef band)
Csi300
CSI 300 [Weekly Chart]The similarities of market movement in the CSI 300:
1. 2006-2007
2. 2014-2015
3. 2020-2021
After which we see a crash in the CSI 300 following a 8 months to 1 year (est.) rally.
The rally leading up to the crash also comes generally in 2 stages.
"History doesn't repeat itself, but it often rhymes"
CSI300 BULL FLAG ON SUPPORT LOOKS PROMISING. BREAKOUT NEEDED❗️❗️CSI has honored the significant demand zone, suggesting a potential continuation in the rally. The price respecting this highlighted zone coincides with the formation of a bullish flag on lower timeframes, further bolstering our bullish expectations. Notably, a bullish breakout has been confirmed on the formed flag, potentially leading to a rally with the creation of a pullback.
If sufficient volume and pressure emerge, there's a possibility of another bullish breakout on the trend line formed, which is crucial for validating our outlook.
[EN] China. Historic Opportunity // GaliortiTradingThe Chinese government and its central bank are starting to implement an expansionary fiscal and monetary policy with a double objective: to end capital outflows and ensure a 5% annual GDP growth.
This is a great medium-term trading opportunity in CSI300 with a great win/loss ratio (26/1). No other index in the world today has such a reward!
If we look at the monthly chart there is a large liquidity zone between 3,400-3,60 0 that has acted as a support/resistance zone over the last 15 years. If it is surpassed, an important bullish leg could be triggered.
Prices have a clear bullish divergence with the oscillators, or that would support the move.
1 W
Since February 2021, the index has been in a medium-term downtrend but has failed to break the long-term uptrend line (it has already rested three times above it).
1 D
If the index manages to overcome its short-term bullish trend line (since August) and closes the downward gap of last Thursday, October 19, it will send a strong signal of strength . Note that the oscillator chart has already broken the downtrend line .
Let's be very attentive.
Pablo G.
CSI 300 - 2021 Q4 Outlook [1-3 months view] Trend Analysis Chart Patterns Wave Analysis csi300 china hongkong index Equity
Having completed the ABC corrective wave, CSI 300 started a new impulsive wave at the start of 2019. With price testing 1st support around the 4663.90 region where we also have a 50% Fibonacci retracement and possible wave 4 completion.
With the CSI 300 index holding above long term moving average and Stochastic indicator holding above support where price bounced strongly in the past, we see a strong case of price facing renewed bullish pressure. Price could very well push towards our 1st resistance at 5449.57 level and possibly even completing wave 5 target at our 2nd resistance level of 5930.90. Our 2nd resistance level is a key level as it is in line with the historical high of the index and also we have strong Fibonacci levels that finds confluence at that level.
Top China Internet-Tech stocks (most on Hang Seng Tech Index)Top China Internet-Tech stocks (most are on the Hang Seng Tech Index, some are still on the Nasdaq - all on separate scales) vs Hang Seng Index (HSI), CSI 300 index , NASDAQ (IXIC index):
- Tencent 0700
- Meituan 3090
- JD .com Nasdaq JD
- Pinduoduo Nasdaq PDD
- Baidu Nasdaq BIDU
- Netease 9999
- Kuaishou 1024
- Bilbili Nasdaq BILI
- Alibaba 9988
Top China Internet-Tech stocks (most r on Hang Seng Tech Index)Top China Internet-Tech stocks (most are on the Hang Seng Tech Index, some are still on the Nasdaq) vs Hang Seng Index (HSI), CSI 300 index, NASDAQ (IXIC index):
- Tencent 0700
- Meituan 3090
- JD.com Nasdaq JD
- Pinduoduo Nasdaq PDD
- Baidu Nasdaq BIDU
- Netease 9999
- Kuaishou 1024
- Bilbili Nasdaq BILI
CSI300 : PRICE ACTION SMALL TIMEFRAME - PRICE READY TO GROW ! 🔔Welcome back Traders, Investors, and Community!
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CSI300 waiting for bullets from Central Banks to the upsideThe monetary policy in China has been tightened since July this year. We could spot the DR007 to identify that the cost of fund have been risen since then. It directly resulted in the range bound movement of the stock index. I've marked the key zones on the chart in the yellow color. Traditionally, Q1 will be green due to the loose policy.
I will pay close attention to the market.
High Probabily trade for Midea (Long)Hi all,
Based on a number of signals suggesting upward momentum, I have initiated a long position with a Risk Reward of 2.5.
Sideways support held
Rising trendline support held
Returned close to 200MA
Long term upward trend
Rising volume
What makes this trade even more attractive in value for me is that the upward momentum actually started the day before, but due to a sudden announcement of COVID in Beijing, there was a small pullback. Beijing announced that is under control and I think it was just a sudden knee-jerk scare in markets.
Have no fear, and take advantage of technical analysis.
Trade to Win.
Thanks
Joey
Renewable Energy. Don't forget about Wind! LONG Goldwind Hi all,
Solar has been getting all the media coverage but Wind is just as promising. Goldwind is far below its highs and has great potential to recover to its previous highs.
Currently retesting the COVID resistance. Based on increased volume and higher lows, I anticipate a break of the resistance point but not immediately.
My strategy is to enter from two points of value. one is at the 200MA 1H and average down if it drops to the higher low support.
The risk-to-reward is very attractive.
Happy trading!
Thanks
Joey
A-Share dilemma - break of trend or meteroic rise?Looking at the long-term trend, the Chinese A-shares are trading within a pretty well defined range since the mid 1990's. This includes two meteroic bubbles that have risen as quickly as they've crashed. Despite these bubbles forming, they haven't caused any massive damage to the Chinese economy such as what we saw when other large bubbles broke down (such as Japan's 1980's bubble, or the US dotcom bubble).
Interestingly, each time the trend hit the lower end of the range, we've seen the a-shares shoot up meteroically. Fundamentally, I'm rather bearish on the Chinese market right now. They have an insane debt bubble combined with the news events coming from "trade war" problems. Most of the bubbles in the Shanghai Composite have come as a result of the Chinese govt's constant injections of liquidity and easing. This provides a window into a view of the debt bubble.
Recently, the lower end of the range was once again just hit, and we also have come to learn that the Chinese gov't is already back to monetary easing through various means. Based on history, you would think we may see another meteoric rise in the Shanghai composite index, but I'm not sure that will happen this time around. China is painted into a more difficult corner this time around, and they are more wary about stock bubbles like this nowadays. I think given the fundamental picture, we're more likely to break the long-term trend downward. If the debt bubble does in fact burst, this will certainly be the case. With that said, I think it may be prudent to buy some deep OTM leap calls on the Shanghai Composite (you can use the ETF $ASHR) to capitalize on a potential blowoff bubble formed from more easing once again.