Geely
Geely: Bears are back 🍯🐻The bears have now pushed Geely stock back below its March low. This confirms our primary scenario that the stock is in the final phase of the overarching gray wave II from the high of the magenta wave (B). This move should now be advanced to the green target zone between HK$7.80 and HK$4.12. With the low placed, the price should then move significantly higher.
Geely has great chance to reboundGeely (175.HK) has great chance to rebound. It shows strong support at the resistance level of 16.5. The impact of Nancy Pelosi visit to Taiwan is expected to be short-lived in Hong Kong market. We expect the acquisition of Meizu, a popular mobile brand by the parent of Geely will contribute to Geely automobile business. Reiterate with BUY.
GEELY AUTO Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
Geely Auto Cup and Handle Strong Buy ENG/DEIf Geely Auto closes above 29.65HKD in the next week, the cup would be completed with Henkel and would have Short-Term to Medium-Term a price target of 38.45 / 44.80 / 49.30 / 57.90 HKD
Over the long term (1-5 years), a price increase of up to 581.90HKD to 1493.90HKD would be possible.
The Geely Holdings has a joint venture with Daimler
DE
Wenn Geely Auto in der nächsten Woche über 29.65HKD schließt, wäre die Tasse mit Henkel abgeschlossen und hätte Kurzfristige bis mittelfristige ein Kursziele von 38.45 / 44.80 / 49.30 / 57.90 HKD
Übergeordnet wäre Langfristig (1-5 Jahre) ein Kursanstieg von bis zu 581.90HKD bis 1493.90HKD möglich.
Die Geely Holdings hat ein Joint Ventures mit Daimler
GEELY AUTO BUY/LONG NOW READY! 18.70 to Potentially 50.00TICKER CODE: 175
Company Name: GEELY AUTO
Industry: Hong Kong Stocks Consumer Durables Motor Vehicles
Position Proposed: BUY (20.55-18.70)
BUY ENTRY: READY (20.55-18.70)
1st Partial Take Profit: 39.00-40.00 (End 2021)
2nd Partial Take Profit: 50.00(Mid 2022)
Stop Loss: 15.90
Technical Analysis
1. FALLING MEGAPHONE PATTERN (PARTIALLY COMPLETED )
2. Break out from megaphone pattern
3. Fibonacci Retracement at 0.786(Scenerio 2)
4. Safest Take Profit will land equivalent to the key structure
and level 1 of Fibonacci Expansion Grey Zone which is also
equivalent to the pole length
5. 2nd Take Profit will land on level 2 of Fibonacci Expansion Blue Zone
What's in my shopping list today !Here's a list of stocks, ETFs, commodities, currencies that I have went long recently :
Stocks :
Wilmar
Meituan
Geely
Beijing Airport
ZA Online
Baozun
NIO
Tencent
Yeahka
Lemonade
Amazon
Moderna
Tesla
Xiaomi
Stone Co
Baidu
Commodities :
Platinum
Gold
USOIL
Currencies :
EURUSD
NZDUSD
GBPJPY
Indices :
Nikkei 225
HSI
SPX500 (see chart)
Please note that this is not a recommendation to follow my trades as I would prefer readers to take time to understand their own trading/investment temperament, objectives , capital allocation, risk tolerance, etc before punching in the orders. Placing orders is a couple of minutes affair but what happened thereafter is crucial.
For example, you can see that for GBPJPY and NZDUSD, I have longed both pairs for quite a while, adding only occasionally though there were many opportunities to do so coz I need to allocate capital to other instruments that I am vested in. Again, how much to allocate in one product, I leave it to you to do your own research. Putting a % would be meaningless in this instance.
From this sample above, you can see that I am quite diversified in terms of sectors, countries, products,etc. So yes, you can say I am greedy in some sense, haha but in a good way, I assume.
Also, I am not able to filter find my commodities like copper , wheat, soy bean, etc in the search box as it comes up empty but if you go through the pages you would find them and I have also added some of those as well.
Once more, I apologised to those who are new to my trade posts and have enquired about certain stocks but I have yet to provide you the answers.
Have a great Friday , everyone and may abundance, peace and prosperity with all of you !!!!
GEELY AUTO NEXT MOVEAn unknown friend asked me to put a chart on 'GEELY AUTO'
I can read any chart using NEO wave technique and able to plot the next move with timing.
Most important is I refuse to use any indicators rather HATE all kind of nonsense which will not give you any FORECAST.
ENJOY trade well
SELVAM.B.
Engineer ,,Trader,,,Analyst