CN50 sellsFundamentals:
Economic slowdown in China in view of COVID19
Technicals:
D1 downtrend, breakout of support, price approaching new resistance
CHN50 trade ideas
FTSE CHINA A50 Possible Price Rebound?Price was within the descending channel for this equity index and lately, china had done very well combating the virus outbreak and it has lower death rate comparing to Italy and thousand have already been recovered where new cases weren't escalating the way it used to like past. This all proves that china is one of a great nation around the world which may prolly rise back first from this global pandemic chaos in the near future. It was the origin of that cruel virus and people have suffered a lot in the past which I believe the virus cases have reached its peak till today and nothing can get more worst if they continue holding this virus within the jar till the vaccine development. The easing of restrictions comes as Hubei reported that new infections dropped to zero on March 19. A dramatic plunge from the height of an epidemic that’s infected around 81,171 Chinese and killed over 3,277 but recovered 73,159 (which is a great achievement) on the date report 2020 March 24. China to lift lockdown over virus epicenter Wuhan on April 8 allowing transportation to resume for the city. All these positive changes in china let me feel that it may help domestic equities to run smoothly in the near weeks or months creating a rebound on the price action for this index. At least for short to mid-term even if it's not an overall reversal it may have probabilities to create new swing highs.
Clearing 12612 resistance for CN50If this level is cleared, then we have a higher chance of seeing it closing the gap (see triangle) which has yet to be filled up.
Think about it , China in a way has to thank Covid-19 as after it has manage to contain the virus issue, it is now becoming the go to expert in terms of medical supplies. That brings jobs and opportunities to the people of China who are now resuming back to work and production are gearing up as well.
trade with caution.
FTSE China A50 Index | FTSE RussellThe Index tracks 50 of the largest and most liquid companies in China. These equities trade on the Hong Kong Stock Exchange (SEHK) and are weighted based on market cap.
Hong Kong's Hang Seng index slid 3.8 per cent and China's Shanghai composite fell three per cent. '£130bn' wiped off FTSE 100 as oil stocks ...
The FTSE China A50 Index is widely viewed as a primary barometer of China's economic performance. It is traded via CFD, ETF and standardised futures ...
The trouble in Chinatown!There's not much interest in the Chinese stock index here on Tradingview but the ChinaA50 is absolutely important for what happens around the globe.
The A50 is in big trouble and more trouble is yet to come in weeks to months. This is just bad news for the rest of the world really.
I'll say no more here - follow some of the price action with me on the 4H.
CN50USD, consume time in the middle space rangeOANDA:CN50USD
no doubt, extremely under controlled and manipulated, but huge cost/time in D time fame, nobody can change the trend!
CHINA is Down Why is China's economy declining? Not because of the new coronavirus, but because of the residents ’mentality of comparison, China has accumulated an economic bubble of two years or more. The emergence of the virus epidemic is just a match that ignites the opportunity for decline
Short CHINA now!Chinese lost their liquidity because of corona virus and trade war.
Also, Mr Trump will not close their Hegemony war until the china lost its' regional power.
A bout of risk off due (again)- Oil, JPY, SPX, Bond yields alignWith the pop above 52.20 on 4h charts this morning Oil has fulfilled criteria for a simple flat a-b-c correction from recent 49+ lows and ready to head lower again shortly
This aligns with other signs for risk off imminently
JPY crosses have rebounded into decent Fib retracement zones
SPX looks to be out of steam and more interestingly China A50 has met Fib retrace and filled New Year gap
Bond yields also looking like they have had their momentary bounce for now and about to head lower s/term
Caveat emptor
Chinese Market reaches 50% recoveryWhat kind of virus?
Chart prepared for Quantum Economics daily QE newsletter.
first entry to enter A50 long. I will add at the second entry.first entry to enter A50 long.
I will add at the second entry.
(this is a long term trade)
2 sides of a coinAmong the 3 major China indices, HSI, SHCOMP and CN50, it is the latter that dropped the
most from its peak. It has fallen more than 10% from 14695 in mid Jan this year.
With the coronavirus that caused much uncertainty in the market, all indices globally, oil, stocks , etc have been impacted as well.
If you know how to short-sell , then you probably have made a handsome profits. For those who are late at buying a piece of China, then this is an opportunity to get in.
I will wait a while more as the virus news is still ongoing and people are fearful, driving bond prices up, gold price up and yen as well.
I have indicated two possible support level, 12618 and 12936 that I think it might revisit before a rebound. Of course, it might be worse than this, nobody knows.
Depending on what was your entry price, some of you may want to take profits and buy back at a later time.
Trade safely, always use a SL and employ risk and capital management .
OMG the coronaVIRUS explored to A50 OMG the coronaVIRUS explored to A50, non-stop
Even the trend line give no support to the index at all.
Can't image what will happen when TVC:SHCOMP opens again...
CN50/USD ShortRisky one since all indexes are going up, but the price is showing signs of exaustion and giving room for a retracement with attractive RR.
Whatching close for any opportunity being unfold
China´s turn - Will we see a good year ? i think its china´s turn in 2020
but lets start it with a swing to ATH resistance
The MA 50/100 is very stable
RSI is 56,5 ( perfect )
Broke and closed over resistance line yesterday
Open trade : 14438
Set TP at : 14830
Set SL at : 14330
Risk reward : 3.83
Disclaimer :
I have this stock my self
Remember always to do your own analysis
This is NOT an investment advice
