CHINA A50 CN50USD Weekly Elliot Wave AnalysisCHINA A50 CN50USD Weekly Elliot Wave Analysis ChinaA50 Index - Bullish Sign Active
Chinaa50
Bias more on upside. With all Y-o-Y improve data from the China side, more upside for the coming few week to month.
TA perspective, Well supported since 2014 and eying for next FIBO level.
MPNGF Price Target Price target for MPNGF Meituan is $27.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Hook line and sinkerPretty clear Bullish divergence in the Rsi
easy flush for noobs in the market
80-90% chance of triple top with btc ranging 80-110k
btc likely to land between 32-29k with buy-in starting from 34k
Current consolidation zone for 6-7month longs,with alts preparing for permeant price action aka after this bull run alts lowest low atm will never be met again
Rotation from America to ChinaIt can be a good opportunity to sell overbought stocks/ index from america to oversold stock/ index of Asia. Minimum ratio levels.
CHINA A50 - Asia led the recent Decline, it will againThe WMP - Chinese Wealth Management Product system is quite possibly the grandest Ponzi Scheme
within recorded history of the world.
Investors have adopted the belief - WMPs' are identical to a Bank Deposit, backed by the Bank that sells them.
China's CCP uses the WMPs as a funding mechanism for it's Agenda in Business - Funding Projects with the
Peoples Money... China holds $1.81 Trillion in Foreign Reserves, it could provide a level of Fractional assistance,
but it cannot.
The Capital or more accurately the WMP Ponzi is well over $12 Trillion in creation at this moment.
Evergrande... slammed the breaks on the effort, the loss of confidence placed a serious doubt in Chinese
Investors' minds as to whether or not their WMP "Deposit" is Safe.
Clearly, it is not as the CCP had to step in with guarantees, originally $20 Billion.
It has ballooned to $300 Billion.
As these projects were securitized and sold... Foreign Investors wanted in on the Pyramid.
Everyone from Wells to BoA to Crypto "Tethers" purchased these Instruments.
GSCO is only too happy to provide a market in the JUNK as is JPM and a great many other US
Firms.
The attendant effects of this disruptive failure to deliver on Loan Payments created a large
amount of Selling within US Markets as the Losses began to accumulate.
The A50 will provide us clear indications as to the next downturn for US Equities as well. ASIA
and the US does not diverge for very long when it comes to Capital Markets...
One to Watch - contagion risks.
Many of you are probably born after the 1987 Crush. I was at my Desk @ Drexel, it began in
Germany and ended up here in mere seconds, watched it LIVE.
Contagions can be quite nasty and arrive at any moment.
- HK
Price seem well supported. Bias on upsideBias on upside.
Break and closed below 14470 may turn bearish.
TP: 16500
Analysis of the Chinese CN50 index.I spent a lot of time searching for information regarding the sudden drops and increases in the CN50 index price.
From the information obtained on many pages, I analyzed and described everything in the graph.
I checked every page I visited to avoid taking into account the fake news that was being disseminated. I wonder if it really happened.
Enjoy reading.
China A50 Index ended 3 months retracement. Bullish Ahead.
3 months retracement since February 2021.
Sideways retracement without lower lows created.
Upside potential high.
CHINA A50 Double BottomLooks like a double bottom forming at 16900. Price seems to be trading sideways in a narrow range between 16800 - 17800. At these levels, the Chinese index looks more attractive in terms of risk and reward. I'll look to buy between 16400 - 16900.
Short-Term Sentiment Bearish, Needs to Retest $38.I will be shorting $NIO for the next 2-3 weeks starting Monday morning. Current momentum and sentiment are very bearish in the short term, so a retest to $38 seems inevitable. If $NIO cannot hold $38, we can start to see the low 30s, but hopefully not much lower than that as I do like this company for the long term. In terms of technicals, there is a head and shoulders pattern forming + daily and especially weekly RSI is oversold.
However, whatever happens in the next few weeks I believe it will simply be a continuation of a healthy pullback. The stock has run up over 1650% in the past year alone, aided by China-US tensions, and rumors of delisting of many Chinese companies from NYSE. A sell-off was to be expected.
The one thing that I am mainly concerned with is that NIO is getting audited by PWC's Chinese sector. Also, the majority of analysts covering $NIO is from every big bank's Chinese sector. This can be very deceptive to retail investors. So all I ask is for everyone to be extremely cautious.
Long term, my gut tells me this will all pass, however, I will be extremely cautious and be on the constant lookout for any potential fraud in the company.
China A50 Index holding up well above its Mid Term Trend SupportChina A50 Index
- Holding up well above its Mid Term Trend Support despite U.S and European market plunge.
- Technically the index remains in a long term uptrend formation.
- Pending price action to breakout of its sideways resistant to go for a Super Bull Rally.
- Downside to easily look at its Mid Term Trend support. Once void will need to head to its Long Term Trend Support (Red Line)
- Shall the Long Term Trend Support (Red Line) is broken too = Bear market potential zone.
Long Setup. Bull Flag in placeLooking to long China A50.
If break the support, this bull flag turn invalid.
Bullish on China A50. Showing Bull Flag patternShowing Bull Flag Pattern on China A50.
Interesting to long at this point.
China's economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region.
China A50 Stock Index Trade Idea 💡 Ideal continues sells to fill the inefficiencies left below, also the inverse correlation means a buy for US based stocks
CHINA A50 probably the last low-risk entry hereAfter breakout multi-year resistance two months ago, A50 has been consolidating above the line. With the 2% up yesterday it looks good (especially MACD) and ready to pop when zooming in to daily TF - a low-risk entry IMO. With that said, close below the resistance another story.
Tencent & Youzan Trade Updates for Jul 29th Holding Tencent and Youzan after the publicly given buy signal linked below.
FTSE China A50 Index Weekly Candlesticks & Ichimoku ChartChina A50 Index breaking aggressively to new highs may be a signal that the melt-up in risk assets is just beginning. With the mainstream press and banks issuing buy recommendations on the stock market, the frenzy is likely to push this even higher - 19,500 is within sight!
Major breakout in China A50A multi-year ascending triangle has been completed, with markets all the way up to 30,000. This is a major bull market. Purchases at a retest level of 15,000 are recommended.
