China A50Long
Asia Dragon Dominates - CN50
Updated
It took only 3 months in 2015 May till Aug for the index to crash 45% from its peak but is more than 2 years now and we are blessed indeed to see it pulling back nearly 57% of its previous shiny days. That means it has nearly 15% more to catch up to its previous high.
Notice the nice Cup formed, expecting a right handle to be formed soon (pull back). The fall will be between the 50% and 61.8% FIB level . It may not as well upon closer examination as the price has pierced through the 61.8% FIB, retrace and closed with a nice green candle.
There are tons of good news to focus on :
1. scmp.com/news/china/diplomacy-defence/article/2119046/xi-trump-sign-trade-deals-worth-us280-billion-sources
2.bloomberg.com/news/articles/2017-11-09/why-singles-day-is-biggest-shopping-spree-ever-quicktake-q-a
(this is more than Alibaba in the limelight. This article again emphasized the rising emergence of the affluent middle income with high purchasing power, consumption is going up the roof like never before)
3.zerohedge.com/news/2016-10-22/china-moves-forward-its-de-dollarization-strategy
Once upon a time, China was known as the world's biggest factory (it is still to many countries) but slowly but surely, it is now gaining recognition for its R&D, automotive and tech industries. If rich consumers are splurging on overseas properties, then the tycoons and business owners like Jack Ma, Wang Dalian and many others are buying up entertainment, buildings, etc to increase their market share.
Why did Jim Roger send his daughter to study chinese ? So is President Donald Trump's granddaughter as well. They both recognise the importance of the chinese language and to fully understand the culture, language is one important key to it.
I am bullish on China for the long term
Notice the nice Cup formed, expecting a right handle to be formed soon (pull back). The fall will be between the 50% and 61.8% FIB level . It may not as well upon closer examination as the price has pierced through the 61.8% FIB, retrace and closed with a nice green candle.
There are tons of good news to focus on :
1. scmp.com/news/china/diplomacy-defence/article/2119046/xi-trump-sign-trade-deals-worth-us280-billion-sources
2.bloomberg.com/news/articles/2017-11-09/why-singles-day-is-biggest-shopping-spree-ever-quicktake-q-a
(this is more than Alibaba in the limelight. This article again emphasized the rising emergence of the affluent middle income with high purchasing power, consumption is going up the roof like never before)
3.zerohedge.com/news/2016-10-22/china-moves-forward-its-de-dollarization-strategy
Once upon a time, China was known as the world's biggest factory (it is still to many countries) but slowly but surely, it is now gaining recognition for its R&D, automotive and tech industries. If rich consumers are splurging on overseas properties, then the tycoons and business owners like Jack Ma, Wang Dalian and many others are buying up entertainment, buildings, etc to increase their market share.
Why did Jim Roger send his daughter to study chinese ? So is President Donald Trump's granddaughter as well. They both recognise the importance of the chinese language and to fully understand the culture, language is one important key to it.
I am bullish on China for the long term
Trade active
cnbc.com/2017/11/09/why-is-there-a-sudden-rush-of-chinese-ipos.htmlMore good news coming ......
Note
bloomberg.com/news/articles/2017-11-14/china-home-sales-fall-by-most-in-almost-three-years-amid-curbsNow, if this is true, the investors would park more of their funds into the stock market, pushing it higher. Let's see how it turns out. Trade safely.
Note
The song and dance continues......Party ain't over , people ! Come on, bring down the house !!!!scmp.com/business/money/stock-talk/article/2119576/hong-kong-stocks-set-fall-concern-over-delay-us-tax-reform
Note
It's reaching the 786 FIB level and possibly a retracement is expected. If not, it will continue to shoot up towards 14474 price zone then a pull back. Take some profits if you like and manage your SL accordingly. Congrats to those who bought around 12,000 price zone with us. Note that by employing different strategies, one's entries would be different and thus his profits would also be different. If you enter after the breakout from the triangle, then your price zone would be 10617 level, making your profits even higher.
We were late but we make up with increasing our position size according to our risk appetite and it can also give us the rewards we want.
Stick to what you are comfortable with, there is more than enough $$$ on the table for everyone. If you start copying each and everyone's strategy, not only you get confused but also cloud your decision in buying and selling.
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