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$BABA 59% gap up 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* The market overall has reached its next buy zone. My team is loading up shares of companies that we believe will surely benefit within a small interval of 34 trading days. Some of these trades will be swing, others will be held long-term. Friday afternoon my team purchase shares of Chinese online and mobile commerce company Alibaba $BABA at $130 per share. Our take profit is $200, which is a 59% increase from current levels. Our Entry: $130 Take Profit: $200 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BABALong
by SimplyShowMeTheMoney
3
GXC... perhaps it is timeSo, the double tailed candles on the weekly chart only resulted on a week of downside, but the second week proved resilient. The daily chart shows the spike down blowout and the immediate recovery. This indicates very strong support at about 98-100. The new interim support at 102 is holding too. Now, I expected the lack of liquidity and sentiment to push lower, accentuated by the Chinese New Year absence of market participants. But this appears to be a subtle bullish hint that once the two week holiday is over, this dragon will fly... am expecting a test of the daily 55EMA, maybe even popping over the resistance (white line). Daily technicals are supportive.
AMEX:GXC
by Auguraltrader
Is the Chinese Yuan Readying to Reverse?The Chinese Yuan spent most of 2021 appreciating against the US Dollar despite a broadly upbeat year for the latter. Now, fundamentals may be paving the way for its turnaround amid the risk of slowing demand for Chinese exports - www.dailyfx.com USD/CNH recently turned higher following a more hawkish Federal Reserve, reinforcing the key 6.3526 - 6.3238 support zone. Meanwhile, the PBOC is looking comparatively dovish. Positive RSI divergence shows that downside momentum is fading, which can at times precede a turn higher. Immediate resistance appears to be the 61.8% Fibonacci extension at 6.3833 before the midpoint at 6.4110. Down the road, the pair would have to face falling resistance from March which could reinstate the broader downside focus. On the other hand, taking out the key support zone exposes the 100% extension at 6.2936.
by QM_Dubrovsky
1
BABA | 2nd moveBABA... so much attention lately. Step 1 It would be pretty right to say, that most people have bought BABA at higher levels, 150-180$. This was before the big recent fall. This was step 1 - entering the stock before the collapse. Step 2 We are heading to the next step, which could be not very planned, but considering the circumstances, becomes necessary. Because of such a massive decrease of price, it's important to average the overall price, by buying more of the cheaper stock. It will yield eventually additional profit and compensate the initial higher price. A possible Step 3 Some are trying to guess the future, and where will the chart be in some months from now. Since we all know it's a useless task, the only realistic approach to handle current situation, is keep buying on each next significant price decrease. As example: Step 1 was made at 170$. Step 2 will be done at 100$ (if necessary) Step 3 at 70$ Knowing that BABA has a significant amount of cash, nearly no debts, positive and stable cash flow, good ratio indicators and 1 billion of active users - even if the stock will go to zero, it wouldn't change much. The company won't close, just because the stock worth less - they keep selling everyday. Besides, if the stock would reach 70$ at some point (which doubtful), it could be that for such a price, even those who don't trust BABA, will all run to buy such a discounted high quality product. Considering that 70-80$ does not seem as a realistic option, 100$ purchase is the best next possibility, which shouldn't be neglected. Let the BABA power be with us!
NYSE:BABA
by inducto
GXC #epicfailOn 6 Jan, I posted: "GXC is not done... not yet. Another 8-10% downside perhaps." Thereafter, GXC surprised me with a run up and a higher low, breaking above the daily 55EMA twice. Only to fail the 55EMA on Friday, and following through today (Monday) with a deep gap down -3% at mid-day. This is very bearish, and is likely to have a lwoer low with a spike down into or near to the Buy Zone. The Chinese Lunar New Year happens Next week Tuesday, and it really looks like about 2 more weeks of downdraft. The long range analysis appears to hint of a reversal cycle about to restart... and could not be better than after the Chinese Lunar New Year celebrations. Meanwhile, waiting for that lower low...
AMEX:GXC
by Auguraltrader
ADA/USDT Secondary trend. Local work. China.One of the most hit coins, which is now at values of more than +2700% of the average price of the main dial zone. On the chart I showed the secondary trend of this cryptocurrency and work in it in case the downtrend breaks. Currently, the price is at the mirror support level of the big cup. When working on this cryptocurrency, one should understand at what price values this cryptocurrency is even after a pump correction since September. It is also worth noting that the main growth driver of this cryptocurrency could be China. The main trend of this cryptocurrency: ADA / USD Main trend (part). Chalice (Phase 4) Psychology
BINANCE:ADAUSD
by SpartaBTC
10
BITCOIN and China stock market go hand in hand despite the bans!I see a lot of interest on my Bitcoin vs U.S. indices fractals and that motivated to make more seemingly 'odd' comparisons that end up to interesting findings. One such interesting finding is the comparison of Bitcoin (orange trend-line) to the Shanghai Stock Exchange (black trend-line). Everyone in the crypto world knows how strongly the Chinese government has been battling Bitcoin mining and transactions. Last year alone (2021) we had two such events with the May one being the most severe causing a price correction of more than -50%. Despite the bans, this chart shows the remarkable correlation of BTC with the Chinese stock market! To get a better understanding of how closely correlated they have been since late 2017, I've plotted also the S&P500 index (light grey), on very low opacity though so that it doesn't spoil the main comparison of this study. Especially their correlation throughout 2021 is astounding as both BTC and Shanghai have been trading within a wide range, while the S&P was making High after High. So the question is obvious. Why despite all of China's hostility and legal actions against BTCUSD, it is so correlated to their stock exchange? I am very curious to read your thoughts. Let's make a heated discussion in the comments section down below! Feel free to share your work! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
39
$XAUUSD the big move is near*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Nerves are high whenever we look at this bad boy. If this move is as big as we think it's going to be people are about to make a lot of money. People are also about to lose a lot of money. Some people on my team are speculating that you should go long here, others are neutral. Nobody on our team is bearish on this call. A gold mining company called Harmony Gold $HMY is where some of us have parked a little cash in case this is bullish. If you want to see more, please like and follow us @SimplyShowMeTheMoney
OANDA:XAUUSD
by SimplyShowMeTheMoney