This Daily Chart plots LABU to LABD ratios over time. LABU is 3X Leveraged ETF of a variety of biotechnology stocks while LABD is the inverse. By plotting the ratio of LABU to LABD, what can be found is the precise end of the LABU downtrend (LABD uptrend) and reversal into LABU uptrend ( LABD downtrend). In this case, the reversal occurred about June 17th...
i have been tracking this activity and now switching to $YINN, something good is coming guys.
IQ is the "youtube" of China. Last Quarter, they said it expects third quarter revenue of $1.18 billion to $1.25 billion. The daily chart is a bottoming pattern, similar to $VIPS I just posted. The POC is $15, I am looking .618 retrace to $11.95 Options - Its fairly even with put call ratio at .97, with $9.5 call and 8.5 put with largest OI
Buy below $13. Sell above $19.50 for 1.5x gain. 2nd profit target 2x. 3rd profit target 3x.
waiting for YINN to resume uptrend
To the upside hopefully. We have entered at 27.3
Great wave here, wonder how long more are we going to continue.
Great gap up. if you have not entered, do consider to enter on pullback
It’s here, the China bull have officially started. I first started posting about the China bull since last year. We were patient enough to wait for the uptrend
We got this finally, after months of monitoring
Sorry for late post, i forgetten to do it yesteday
All 3 looks good for a bull run
Aim for reversal at green boxes. Time segmented volume Indicator was used.
This has been a good position for me. Hoping to re-acquire shares each bounce.
NYSE:BABA did complete an inverse head and shoulders pattern today. it's now reversing to the resistance of the downtrend. A breakout of the resistance is a oppertunity to go long! Also note that today positive news about the China-USA tariffs came out!
Taking a look at FXI this time. The index has been consolidating for quite some time. There are a few folks calling the FXI has broken out of a falling wedge. I say look again and apply the trend line of the lows to the high and you can clearly see it is still stuck inside a downtrend channel. The x3 leverage index YINN and YANG are also helpful to glance at...