Double three corrective wave likely endingHKEX:1898 Is looking at a resumption of an uptrend as the double three corrective wave structure is likely to be terminal as both Stochastic Oscillator and 23-period RSI is looking at confirmation of oversold signal. Meanwhile price action shows a complete confirmation of the cup and handle formation.
Major uptrend remain intact and breaking above the over head resistance will further confirm the upside.
1898 trade ideas
China intends on using up all unrenewable resources first.Why wouldn't it? Before making the costly move to renewable. Storing up insane amounts of coal and burning through them rapidly.
Chinese reports are sketchy at best, so funny enough the best news comes from expats living within them. Great stories. China is bulking resources and commodities, burning through reserves to do so. They believe it's a worthwhile gamble while the rest of the world realizes how difficult a changeover to renewables is.