Lower correction expected from CN50.CHN50 - 24h expiry - We look to Buy at 13045 (stop at 12975)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 13369.
Price action looks to be forming a top.
A lower correction is expected.
Short term bias is mildly bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 13245 and 13660
Resistance: 13660 / 14440 / 15080
Support: 13180 / 12790 / 12400
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
CN50USD
Looking for CN50 to stall at resistance.CHN50 - 24h expiry - We look to Sell at 13105 (stop at 13205)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 13115 level.
Our profit targets will be 12815 and 12715
Resistance: 13110 / 13570 / 14235
Support: 12640 / 12070 / 11140
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CN50 to break lower?CHN50 - 24h expiry - We look to Sell a break of 12812 (stop at 12875)
Selling pressure from 13020 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
Previous support located at 12812.
The medium term bias remains bearish.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 12812, which will confirm the bearish sentiment.
Our profit targets will be 12630 and 12400
Resistance: 13180 / 13660 / 14440
Support: 12790 / 12400 / 11845
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Furthside downside is expected from CN50.CHN50 - 24h expiry - We look to Sell at 13180 (stop at 13260)
Buying pressure from 13031 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 13180 level.
Our profit targets will be 12950 and 12790
Resistance: 13180 / 13660 / 14440
Support: 12790 / 12400 / 11845
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
CN50 to find support at previous resistance?CHN50 - 24h expiry - We look to Buy at 13350 (stop at 13245)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The 50% Fibonacci retracement is located at 13357 from 13116 to 13599.
Further upside is expected although we prefer to buy into dips close to the 13350 level.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 13660 and 14440
Resistance: 13660 / 14440 / 15080
Support: 13180 / 12790 / 12400
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Buying CN50 at current swing low.CHN50 - 24h expiry - We look to Buy at 13261 (stop at 13101)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Trading within a Bearish Channel formation.
Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 13661 and 13741
Resistance: 13570 / 14235 / 15080
Support: 13110 / 12645 / 12070
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Buying CN50 at trend of higher lows.CHN50 - 24h expiry - We look to Buy at 13540 (stop at 13470)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The trend of higher lows is located at 13455.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to buy dips.
Our profit targets will be 13740 and 14235
Resistance: 14235 / 15080 / 16150
Support: 13110 / 12645 / 12070
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Buying CN50 at market.CHN50 - Intraday - We look to Buy at 13100 (stop at 13023)
Buying pressure from 13009 resulted in prices rejecting the dip.
This is positive for sentiment and the uptrend has potential to return.
Weekly pivot is at 13101.
Further upside is expected although we prefer to buy into dips close to the 13100 level.
Our profit targets will be 13320 and 13390
Resistance: 13615 / 14200 / 15155
Support: 12660 / 12075 / 11120
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Selling CN50 into rallies.CHN50 - 21h expiry - We look to Sell at 12765 (stop at 13010)
Buying pressure from 12189 resulted in prices rejecting the dip.
The current move higher is expected to continue. Trading within a Bullish Channel formation.
Our expectation now is for this swing higher to continue towards the top of the trend channel, to complete a correction before sellers return.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 12065 and 11120
Resistance: 12660 / 13140 / 13610
Support: 12075 / 11120 / 10490
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Selling CN50 previous support.CHN50 - 21h expiry - We look to Sell at 12340 (stop at 12570)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 11685 and 11485
Resistance: 12270 / 12950 / 13370
Support: 11485 / 11000 / 10490
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
High Risk CN50USD $CN50USD Initial LongThis is likely a bad trade since it wicked TP1 before entry. High Risk CN50USD $CN50USD Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: CN50USD is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
Waiting is a PATIENCE gameRead latest news here
Unlike the US that has no choice but keep on printing billions of dollars, China has recognised its stratospheric debt problems and are doing something about it. The case of Evergrande is a classic case where investors and government officials are watching like a hawk to see if Chinese Government will intervene. The bankruptcy of Evergrande if it happens is catastrophic as it involves many financial institutions as well.
It will cause a dent in the financial system and cause panic in the market which could lead to a major sell off, something that they do not want to see. The recent Chinese data has also been disappointing, failing to calm the nerves of its loyal fans - both institutional and retail investors.
While money has been pumped in of late to help prop up the stock market, little changes have been effected todate with popular stocks like Alibaba, Meituan , Tencent still heading south, dampening the mood of the retail buyers.
But some stocks are hopeful , offering a glimpse of hope that the bottom is near or have reached and I will be covering some of them separately. Watch out for it !
What's up , China ?If we look closely at what the Chinese government have been doing of late, I would say they are indeed doing a great job for the people of China. From clamping down on the 996 working culture , stopping the fan culture online and drastically reducing the amount of tuition for kids........
Living in Singapore, we are not too much different. Parents with kids are also sent to a frenzy when weekends come. They act as chauffeur for their kids, sending them from one enrichment program to another islandwide, hoping to give them a better edge in life.
This article here prompted this Taiwanese entrepreneur to take things in his stride and created an eco-farm where his kids and the public can now enjoy and spend more time with nature rather than the mobile phone or laptop.
The big picture is to ensure the Generation Z and younger would have a life outside of their virtual world, parents who are slogging hard to make money would not feel so stressful each day worrying about their kids' academic results or extra curricular activities. And of course, down the road, I expect more benefits like maternity , paternity leave , cash grants , etc to be dish out to incentivise more couples to have more children.
The notion of "getting older before getting rich" is a concern for the Chinese government and they have to do whatever it takes to turn the situation around. Retirement villages , eldercare services are relatively a new concept in China unlike the US and Europe and it will take some times before we see a change.
And because of the "elitism" mentality, many parents are buying properties near the schools they want to enrol their kids. Government has also move in to rein the red hot booming property market and those properties around the school areas have witnessed a drop in pricing after the clampdown on the private education sector. Read article here
When reading the news daily ,it may appear that there is a BIG CLEAN UP by the government. Many industries have not been spared and I think more sectors will not be spared in the coming months.......
WILL THE CHINESE DRAGON RISE FROM THE BOTTOM TO NEW HIGHS? The recent fire sales on Chinese futures (HSI, Shanghai Composite and CN50) has investors panicking on whether to pull out or buy the dips.
My opinion:
Recent crackdown on big Crown Jewels has the retail investors going crazy, as when will the Chinese Government (CCP) stop intervening with the financial markets. Truth is, they will always control to prevent unfair monopoly competition and stock manipulation like the hedgies in USA.
As a result of anti-monopoly regulations and other policies to improve fair competition and boosts innovation, CCP sent all Chinese stocks down to at least 30% or more.
What will I do:
It all boils down to risk management, when trading futures! Recently, the chart has shown a beautiful double bottom.
However, there is still uncertainty on whether the bears will come sending another shockwave to new lows for all Chinese futures.
That will depend on CCP's decision whether to further implement more policies to regulate the Chinese market.
I think this might be a fantastic opportunity to get them at a discount. In addition, there is no way for us to time the market, as will the Chinese futures find another bottom or having a reversal.
Hence, I use risk management to bet on the long side for futures and Chinese companies. I meant Chinese companies that has good fundamentals and is known in the Chinese market. Will the Chinese dragon rise from the bottom to new highs, that's a question we all want to know! Time will tell...