Overall Long on ShenzhenShort-term short, but overall I'm still positive on this index. That said, this can turn ugly very, very, very quickly as the Shenzhen is the most speculative index in Asia for sure, maybe even the world. Definitely the highest volatility. So, if we do see a short-term pullback, this could quickly be followed by 5 percent gains on the day that the US and China sign a trade war deal which is expected to happen sometime in April. Overall though, I'm net positive. And when that trade war deal comes, that's the day I'll sell because I'm not sure what is driving this Chinese market upwards with follow through given the fact that the Chinese economy is still slowing down which should really put into question why we are seeing such huge gains in their three main indexes.
Chinastocks
Shanghai Composite Trades on Trade War HeadlinesQuite a run since February. One of the most volatile world indies though with a volatility percentage of 1.91 percent while the most volatile index is Iceland's 2.54 percent and the global average of .96. Trade deal headlines really influence Chinese equities. Inspires me to stay away.
Fibonacci Retracements on the Shanghai Composite 3117 and 3136 remains short-term support over the next week while 2794 and 2829 could be support. Fib retracements could also be pivot points as they have been in the past.
(CIFS) bullish as price breaks through resistanceCIFS is bullish as the price breaks through the resistance after a 3 month bottoming out period.
Remember to set your stop losses as support levels drop the price to 2, and then 1.
JD next stop 29$I guess it should retrace back a little to 25$ range and then carry on the upward path to 29$. This is surprisingly moving fast so I would see a nice 20% growth soon.
4hr and Daily chart suggests the crossover of 50 and 200 EMA. Also a nice bounce from Ichimoku on the 4hour suggesting a nice support and faith in the stock. JD is a big company and US China deals may lift it up to where it really belongs ie 40$ but i would not be greedy and pull out at 30$ to be honest.
PS. not an investment advice
Shanghai Index: Buy the pull back.The Shanghai Composite Index has seen a considerable rise since the start of the year, which we predicted in December ( ). The parabolic rise on 1D has reached past the overbought zone (RSI hitting 80.000) and as it got close to the 0.500 Fibonacci retracement level (3,015), we should start see it consolidating. The strongest candidate for a pull back however is the 0.618 level (3,150). We are willing to buy any such pull back and target the 0.786 level at 3,340.
See below how we predicted this +22% rise in December:
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
time to load up on china? Shanghai composite breaking out of its 12 months downtrend channel with a bullish divergence.
Is this the right time to start buying Chinese stocks?Since the all time highs in 2007 the Shanghai Composite has not recovered those levels failing on successive Lower Highs. This has created a Triangle pattern on the Monthly chart with Higher Lows. We can't be sure which trend line has to be followed to mark the new Higher Low as both have valid grounds. In any case, the index is approaching its long term technical low, which was either on October's 2,449.20 or will be near 2,100. 2,500 is currently the MA200 period on the monthly chart, so there are more chances to see the recovery starting now. Our early estimates place the long target at 4,380.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
CHINA MARKET COLLAPSED 2019 - MORTGAGE DOOMSDAYYep, you heard it and seen it right.
CHINA50 one of the world most important economy and the stock market is likely to head for DOOMSDAY once again.
It's not just another correction, it is a melt-down a 30% shave off from the current value and 50% to 60% from the all-time high.
Technical we can see a DOUBLE TOP, and ironically CHINA STOCK MARKET RALLIED IN JAN 2015 when the global market was declining during that time.
This was the TECH BUBBLE IN CHINA as well as MORTGAGE LOANS which is bound for DOOMSDAY. HISTORY REPEATS ITSELF!
This is a no-brainer, CHINA was simply over-leveraging during the last 10 years. GHOST TOWN EVERYWHERE AND CONSUMER NO LONGER CAN PAY THEIR MORTGAGE DEBTS in an ENVIRONMENT WHERE
Interest rates are higher, YIELDS are LOWER, and VALUATION no longer keeps up with rising DEBTS. It's just another repeat of LEHMAN CRISIS AND THIS SHOULD GET BIGGER.
The Government is tightening things internally to slow down the imminent meltdown and to cushion this crazy non-existence of money that was borrowed ahead to create artificial assets so every CHINA can be rich selling their LAND AND PROPERTY! With money harder to be transferred out, and clamming down on corruptions and an SKY NET that watches every single cent moving within the country's merchant. More and more developments, as well as projects, are heading for defaults and crashes. Nobody is going to live in a ghost-town anyway.
Here we go again!
#Disclaimer, this is just a forecast. Happy Trading and Good luck folks. - FTD
Shanghai Index Testing Key Resistance LevelThe Shanghai index set a new low this year bottomed out at 2443.00 last Monday. Where price has surged nicely last week, ending the week with 5.5% gain. Now price has been trading just underneath key resistance for just a day now. With US election coming out bullish for the US market, the only major concern now in the global market is trade war.
Trade Step-ups:
Bearish Reversal : Price rejects a break from current resistance level. Profit levels to look for are 2580.00 & 2550.00 respectively.
Bullish breakout : Price breaks current resistance level, look for consolidation above 2680.00.
YY - Increasing volumeChinese cellphone platforms:
Y Inc. (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company's segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. It owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company's YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan. Its product, YY Client, enables users to engage in live interactions online. Its Web-based YY enables users to conduct real-time interactions through Web browsers without requiring any downloads or installations.
Full retracement, when will Cboe VIX drop below 15-16?
YY
AMEX:CBOE
LONG TKAT @ $.6954 for Chinese Internet (KWEB) UpsideTechnical Analysis:
1. KWEB (Chinese Internet ETF): Expect a relief bounce here for Chinese Internet stocks ( BABA BIDU JD ) with a Hong Kong ( HKDOW ) & Shanghai ( DJSH ) market rally.
a. Holding 200weekSMA and 50monthSMA support here at $44 with record volume twitter.com
b. Very oversold on weekly timeframe
c. Strong price support at $41.00
d. 4/24/18 gap filled at $43.53
e. Possible reversion to mean: 2018 Chinese Internet % Total Returns (negative) very divergent from US Internet % Total Returns (positive)
2. TKAT (Takung Art Co) showing strong correlation with KWEB with more volatility, conveying a higher beta to Chinese markets. This will result in exceeding KWEB’s % gains on upside price movement.
a. Potential price double bottom $.63-$.68
b. Extremely oversold on weekly/monthly timeframes
c. Daily RSI uptrend from 29 (8/9/18) to 34 (10/11/18)
d. Large accumulation volume on 10/2 and 10/12
e. Testing 10dayEMA @ $.75
Fundamental Analysis: TKAT - Takung Art Company:
1. Takung Art Company fundamentals convey undervaluation and thus provides great risk/reward for China Internet/Software market rally
a. Price to Book = .49
b. Price to Sales = .61
c. Net Current Asset Value = 1.24
d. Cash to Debt = 1.43 – Strong cash position to outlast market downturn
e. Poor 2018Q2 and 2018Q3 earnings coupled with an overall bearish Chinese investor sentiment already priced into stock price
f. Company is expected to resume Listing Revenue (primary revenue stream) end of October – temporarily loss of revenue could be short-lived
g. Company plans to reduce G&A expenses by 10% in 2018Q3
Long on SSCCombination news and technical analysis play. Buy could have been earlier. But buying opportunities still exist.