Key Markets [Snapshot] - Friday 06 January 2023Key Markets
The attached screen is a snapshot of the major instruments I look at to start my day.
Accompanied are the momentum readings for multiple time frames starting at 15, 30, 60 and 120-min.
China Vanke is expected to trade will the rangeAfter a big collapse in share price this summer, China Vanke get its feets and stablize in share prices. It is not expected to rise rapidly. Rather than that, it will move within the Bollignet Bands. It needs some time to establsih an upward trend.
BABA Double TOP Bearish Outlook Bullish Indications
* Making HH and HL but no consistency
* Inverted green hammer candlestick
* Support = 86 Resistance = 89
Bearish Indications
* Three red soldiers
* Support = 86 Resistance = 89
* Double top chart pattern : Neck line = 86
Bias = Short
Plan
Entry @ 85.95
TP @ 84
SL @ 89
It looks like its going up With the world adopting E-ink paper to replace stickers Solomon's earnings has proven all the doubters wrong.
With 25% plus growth each quarter this stock is the perfect investment instrument to hold during a bear market.
In bull market follow the dream in bear market u buy value.
Hong Kong BYD Electronic - Up Trend Hong Kong BYD Electronic (285) is breaking resistant price 26.35 HKD. With strong purchase volume on the bottom area (refer to "Main Support Cost Area"), it is high potential BYD is on up trend.
If the price fall below stop loss line (25 HKD), execute stop loss.
head and shoulder confirmlong and hold for the counter as head and shoulder confirm. above 4 will easily cross.
1772 complex Analysis Long I put my idea on 1772 Gangfeng Lithium on both long term and short trends
in the down trend channel.find the best price to short the counter. as it already near the highest price in the down trend channel.
A good Company to invest XIAOMI is a good company which has great future.
We can see in the Chart that Xiaomi already formed a cup and handle pattern
therefore this could be a good time to Invest in Xiaomi
Target should be 20 and above, and it's time to open those long positions!!
8.HK PCCW - Buy above $4.20 (Range Trading)1. PCCW ( 0008.HK ) shows a very solid bottom at $4.20 since 2016.
2. $4.20 did not only show support on Aug 2003, Mar 2005, and Jan 2008 but also set a ceiling from 2008-2013.
3. An up day with strong volume on 27th May.
4. Dividend yield above 7% that suits for mid-run and range trading.
Trades:
BUY at any price between $4.20 & $4.40.
Upside Target: $4.80 (Actual range: $4.79-$4.86)
Downside Stop: $3.95 (Critical support at $3.98)
Tencent probably “bottomed” as China’s major stock. 8/Nov/22.Tencent stock’s downtrend price probably stalled @ confluence zone of 1) lower support of parallel line 2)Demand Zone
Xiaomi probably “bottomed” as China most major stocks. 8/Nov/22Xiaomi’s share price probably found its long term base with double bottom pattern at support zone.
ICBC presenting a good buying opportunityWaiting for 3.98 price level where we can see a support in Oct 2020. It could also falls further to the Sept low of 3.44 to 3.74 level. No hurry, since bank stocks are not likely going to shoot up like the cryptocurrency.
The dividends are good and the fact that it is State owned means the Central Banks will not see to it going belly up. So, the last point is crucial as some form of cushioning. I am betting this more from longer term perspectives like 5-10 years or longer so getting them at various price points at minimal downside and relatively higher upside........
Rugpull. Bigtime.JPY (light blue) vs CAD (blue) x yield formula vs spy ...Yields rule everything around me. #GotPivot?
700 6-month balance breakdown ahead?#marketprofile #volumeprofile #orderflow #chartanalysis #chartporn
HKEX:700
*****
I use this platform as a way to organize my thoughts and plan for my personal trading for the sessions to come. Do not misconstrue this newsletter as actionable trading advice. I am simply sharing my thoughts as a market operator through this newsletter, which helps me get my head straight and hold myself accountable for the next day. It is very possible that I am flat wrong in all of my scenarios.
1797.HK - KOOLEARN TECHNOLOGY HLDG LTD1st buying point when there is a rebound @$33 (Fib 0.618)
1st contraction 30%
2nd contraction 19%
3rd contraction ??%
And assume there is a 3rd contraction with 8% - 10%, we must see a rebound near $33
!!!!!!!!!!!!!!!!!!Not buy when breakout as the break out in bear market usually failed!!!!!!!!!!!!!!
REVIEW $2318It's the ability to believe in the unpredictability of the game at the micro-level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do.
Charlie Munger said Alibaba has bottomed out ......I will wait for a few more days , assess the bullish candles before adding more....
TENCENT | Wave projection - Bullish Divergence Possible Rebound?Price action and chart pattern trading: a possible rebound scenario
> Elliott Wave projection - falling zigzag ABC correction wave channel now at C-wave 0.786 extension of A-wave at the key level support.
> Downtrend target reversal position of the major top HEAD & SHOULDERS with double bullish divergence signal
> Target rebound > SMMA 50 key upper resistance POC
Citic is gonna fall further - Buy at next support Volume for buy is not back yet. Hence gonna wait out for a buy at lower zones
Tencent offers 50% discount or more this Christmas !Read latest articles here , here and here .
There is a Chinese saying that "Big trees attract the wind" which means that a tech giant like Tencent has certainly has the Central government hawkish eyes on them for a long , long time. The recent slew of measures imposed on them over the last few months seems like a bottomless pit (as one of my followers said and he is getting discouraged ) and depressing.
I totally agreed as the picture was not what many shareholders envisioned barely 10 months ago......
I have written some time ago (please search my posts) on concentration vs diversification strategy in setting up your investment portfolio. Again, this is not a hard and fast rule. There are people who bought only one company , say Coca Cola or Amazon or even BTCUSD and become millionaires and multi-millionaires from it. For me, I like to diversify , buying into the specialty of different companies in their respective industries. Boeing is good in aircraft and maintenance but can't do what this tech company do and neither do the tech company wants to invest the time, money and resources to do what Boeing has done over the years.
Hopefully, out of 10 stocks you pick with solid and good fundamentals, one or two become a multi-bagger that gives you 5-10 folds returns and that to me is excellent news.
Please DYODD and understand your objectives of buying into this company. How long are you prepared to hold ? What are your capital reserves ? Do you have a cut loss strategy ? Are you prepared to average in when it drops 30%, 50% , 65% ? Why yes ? Why not ? Having these answers mentally prepared helps you to steer clear of irrational thoughts and act on impulse buying or merely following calls of others who may have different strategies with you.
2nd Short closed in interesting area2nd position closed when the price rich an interesting area between the level price 10.30 and 9.70. let's see if the price will remain in this area and accumulate before will broke this 2 level. start a new trend going up or continuing the downtrend.
My vision is still short.
