Markdown or shakeout?
Markets are controlled by very few. They manipulate as they please. They own everything. banks, hedge funds, media, governments. They are the culprits behind social unrest, Wars, Pandemics. No new law is passed without their approval. They have mastered the art of deceiving the masses and they are looking to further enslave the common. Big changes are on the way for which they will create global chaos the likes never seen before by mankind. Many things will be blamed as reasons. Do what they may but a Supreme power watches. Tyrants days are numbered.
Hangseng
Hang Seng Index - HSI - 7 to 10% of growth in next 15 daysHSI has recently finished primary wave 2 down and its now tracing the beginning phase of a long primary wave 3 up. The current wave countindicates we are in a minute wave 3 up that should most probably elevate prices up to 1 to 1.618 of wave 1. This means 7 to 10% in the next 15 days. FOLLOW SKYLINEPRO TO GET UPDATES.
HSI - Poised for up to 86% growth in 2 to 4 yearsHSI completed a triangle that ended cycle wave 4. And after tracing primary wave 1 and 2 it is now tracing primary wave 3 up, the best wave to ride. Id this scenario holds prices should reach the most probable target of 45,800, 86% of current level, in 2 to 4 years. This scenario should be revised if prices crosses down 22,900. FOLLOW SKYLINEPRO TO GET UPDATES.
1337 : Razer Inc | Gaming IdeaCompany has decreasing debt, increase revenues, top products and it is situated in the middle of the largest growing industry in the world, Gaming.
For $1.11 HKD, the company is a steal.
Price Action looks nice, looking for a low buy due to higher close and higher high.
NFA - Not Financial Advice
DYOR - Do Your Own Research
BIYS - Believe in YourSelf
Here is a Buy Setup in Ping An Healthcare and Technology $1833I am liking the health care stocks across the the markets due to the Corona Virus.
Here is a buy setup in Ping An Healthcare and Technology.
Looking good for a breakout, technical indictors are still bullish.
All moving averages are trending higher.
Industrial Commercial Bank of China. My only full Analysis. My only full analysis.
Industrial and Commercial Bank of China(01398.HK)
For example, capital $1000
Chart Pattern.
The bottom is likely to be in established in 2016 because we can clearly see another “ABC correction” completed on the chart. This time creating a higher low. Also, with positive trade war news and rates lowered, we could see a confirmation of a trend reversal.
(Top Indicator)
MACD is about to cross and provide a green dot, signals to trading algorithms machines to go long.
(Bottom indicator)
Furthermore, I’m predicting the RSI to breakout once the stock price can break the 6 dollar mark. This will indicate the trading algorithms machines to “go long” because it will break resistant level on the RSI.
( How I would buy and sell this stock. )
I will go 25% in ($250) with my initial capital if the stock can close above the 21 month moving average (green line) currently sitting at 5.77 price level. If it breaks 6, I will go the rest of the 75% ($750). Long Term target 7.50-7.51. stop loss at 5.17.
Last time the stock is above the green line was in February 2017. That was the start of an uptrend. Currently, TD sequential (numbers can the above) suggests this is possible.
My aim is not to make money in stocks, my aim is to become world class at technical analysis. I want to become one of the best in the world by 2030. 70%-90% of the time correct.
“I can still make money if I am late to an uptrend or downtrend (Go Short), but I can’t make any money if I am wrong”. Tone Vays.
HSI UpdateAs you can see, the Hanger hit my red arrow target last night, and I'm expecting a small bounce from this oversold condition. If it bounces then so will futures, which means a gap up tomorrow.
Not feeling terribly bearish right now, and this bounce isn't gonna be enough to make me bullish either.
Hang Seng: Emerging Golden Cross on 1D. Buy opportunity.This is an update to our HSI position posted in November with regards to the bullish signal on a symmetrical pattern as seen below:
At the moment the 1D chart is on neutral price action (RSI = 51.993, MACD = 310.060, ADX = 31.212) which technically is a good buy signal. On top of that, a Golden Cross is about to take place on the 1D chart, which is an even stronger buy signal and if the price bounces off of it, it will make a perfect Channel Up.
The first Target of 29,000 has already been achieved. 29,500 and 30,200 are next based on the Symmetrical Resistance levels.
In September, 2019 we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target:
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Hang Seng WeaknessI kinda blew the call Friday afternoon because I wasn't paying attention to China, and they pumped the crap out of futures Sunday. Pumped ES1 so much that when the Euros sold it, MDI went oversold but the index future was still up 9 pts at open.
Lesson learned.
Anyways, I bought MCHI calls today, and when I noticed this was overbought, I flipped them in the afternoon. Glad I did.
ridethepig | Copper Driving China Capital Flows As you can see the strong relationship Copper has with Chinese equities, you will notice what has been the case for these final stages of the economic cycle, metals have been moving miles ahead of equities.
We got the floor set in Copper as widely expected all year:
Any dips now look competitive:
Copper has been allowed to outperform Gold:
Bulls need to reclaim the highs in Chinese Equities after the -10% leg:
A weaker USD will help reinstate a bullish outlook for Copper, support clearly seen at $2.715, then $2.675 - which I expect to hold.
Thanks for keeping the support coming with likes and as usual jump into the comments with your charts and views to open the conversation up for all!
Tencent Finally breaking out, time to go long? $700I like Tencent here,
MACD and RSI are bullish. broke out of the triangle.
My first target is around $400-405.
More about Tencent
Tencent Holdings Limited is a Chinese multinational conglomerate holding company founded in 1998, whose subsidiaries specialise in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.