SHCOMP if weekly close above 3600 - will see 4000 soon3600 area has been the critical level that if breaks possibly we see 4500 this year
A50
China A50 Textbook breakout and retrace Weekly chart multiyear resistance breakout three weeks ago and now we got the retest. If 15000ish holds, very bullish MT imo. Besides technical, also like the bearish sentiment on China recently.
CHINA SHCOMP to 4500 ? consolidation after breakoutIf history rhymes...SHCOMP is trading in a perfect pattern...going up after the consolidation is highly likely, target 4500
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.
FTSE A50 Future Bull Signal
China Virus should be gone soon, with 4Hours chart reverse from monday, we should see new high with in next month or 2.
for those want to invest in China, buy A50, HKEX:2823 , or future in singapore exchange, SGX:CN1!
If you want to double your cap, go for 2823, if you want easy, then the future would be best
Hang Seng Index Future Bull Signal
HKEX:HSI1! reverse this monday, whenever it filled the bull gap, should head further up.
investor should go in either A50 future, A50 etf HKEX:2823, HK index ETF HKEX:2800 , 2x ETF HKEX:7200...etc
I think we should see 30000 within 6 months, and 33000 within year 2020. This place is great for initial invest with stop loss of monday LOW:25880 (which is few hundred points only!)
Short Movement Expected on FTSE China A504H CHART EXPLANATION:
The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350.
DAILY CHART:
Pre-emtively Short Chinese StocksSo China imposed tariffs on 75 US Billion of US imports, of soya, oil , etc..
The drama will occur again and Trump will spit back with tariffs or measures on a surprise,
so as an anticipation shorting Chinese stocks index is recommended.
SL is set based on shown trend line acting as resistance,
TP on Fibonacci sequence.
China A50 Pattern PredictionThis is my China A50 Pattern Prediction.
It will take half of the year to correction.
BABA is falling down?There is a channel on day chart
Beware the bearish shooting star which appear just at top of channel
It's a reali bad news for me if the candle stick keeps that long and red...
Short target is the red resistance line/ double bottom/ bottom line of the channel
Why China A50 so weakIn 1min chart, it has an obvious descending channel.
When will you finish the adjustment? It's really tired n boring.
A50 Daily Update (18/9/17)Indices are still running upwards.
A50 has met its support zone at 11800 zone.
This should be a nice support to push it all the way to the top of the resistance zone at 12600.
Should it breaks above 12600, it is SUPER bullish
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time
AFTY: China A50 down from here onwardsIt appears like the Chinese A-shares have hit the top and will go back down to the recent weekly uptrend mode.
If we next week plots a new low, we will have confirmation of a potential sharp decline to ensue. It's increasingly likely that is the case, after getting overbought readings and battling to cross a low volume resistance level on chart. A similar situation can be observed in the CNHUSD and AUDUSD chart. If we inspect oil, which looks toppy here, gold, copper and other assets, I think it's likely to observe a drop in dollar denominated assets accross the board.
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