High Probabily trade for Midea (Long)Hi all,
Based on a number of signals suggesting upward momentum, I have initiated a long position with a Risk Reward of 2.5.
Sideways support held
Rising trendline support held
Returned close to 200MA
Long term upward trend
Rising volume
What makes this trade even more attractive in value for me is that the upward momentum actually started the day before, but due to a sudden announcement of COVID in Beijing, there was a small pullback. Beijing announced that is under control and I think it was just a sudden knee-jerk scare in markets.
Have no fear, and take advantage of technical analysis.
Trade to Win.
Thanks
Joey
Its going up up and awayTogether with its stellar earnings growth and economic recovery, the dilution event maintain's its liquidity, this is destined for more bullish movement.
Long Long and away.
trading algorithms changed the game And Decide to buy !Top traders enter the market as Buyers, I recommend buying
FUYAO GLASS Parabolic Move Soon?! (Correction)Hello traders,
I rushed a bit and didn't express the idea precisely. Here is the updated chart.
The three rising valleys has been completed before so the falling wedge is the only pattern to pay attention to.
The following facts still hold:
1. Triple bullish divergence .
2. Forming a falling wedge as a continuous pattern of a bullish trend .
3. This chart is extremely similar to that of PDD before taking off.
100% measured move will be ~43.67% from the breakout point.
This trading idea will be updated. Enjoy!
HakoneDream
FUYAO GLASS Parabolic Move Soon?!Good morning/afternoon/evening traders,
FUYAO Glass has flipped the long-term resistance into a solid support level. This one could give us an EXTREMELY lucrative trading opportunity based on the following facts:
1. Triple bullish divergence.
2. Forming a falling wedge as a continuous pattern of a bullish trend.
3. Three rising valleys that might give ~76% profit as the 100% measured move.
4. This chart is extremely similar to that of PDD before taking off.
Please leave the comment and like this post if you're interested in this idea.
Enjoy and have fun to watch the next step.
HakoneDream
I Recommend buyingBig hands entered to buy the market( algos treding) , I advise you to buy as well, because it will continue to rise next week
002901:SZSE - DOUBLE MEDICAL TECH - 300% gain over 12 monthsTraded on the Shenzhen exchange, Double Medical Technology engages in the development, manufacture and sale of orthopedic devices, wound management, neurosurgery, and general surgery products. Might be overpriced at the moment so I have set an alert for when the RSI drops back below 70 to see if I can buy at better value. Certainly having a great run to date and could be worth a watch.
Double Medical′s orthopaedic implants are a leader in the domestic market in China. Dedicated to rehabilitation, Double Medical focus on providing high-quality, affordable products, quick logistics and constant doctors' support. The products are CE 0120 certified, approved by FDA 510(K) and Australian TGA. Double Medical has branches in over 30 provinces and cities and is cooperating with more than 3,500 hospitals and nearly 1,000 business enterprises in China; its products have been exported to more than 50 countries and regions that include EU, Russia, South America, Australia, Southeast Asia, Middle East and South Africa.
Source: en.double-medical.com
000739:SZSE - APELOA PHARMACEUTICAL - Up 130% over 12 monthsApeloa Pharmaceutical Co., Ltd. engages in the pharmaceutical manufacturing business. Its products include Active Pharmaceutical Ingredient (API) intermediates, Contract Research and Development and Production (CDMO), and Formulation preparation products. The company was founded on May 6, 1997 and is headquartered in Jinhua, China. Might be worth a watch.
$603658:SSE - AUTOBIO DIAGNOSTICSListed on the Shanghai Stock Exchange, Autobio Diagnostics Co., Ltd. engages in the research and development, manufacture, and distribution of clinical diagnostic products. It focuses on immunoassays, clinical microbiology, and instrumentation. The company's products include clinical laboratory improvement amendments, enzyme-linked immunosorbent assay, point-of-care testing, mycoplasma identification enumeration susceptibility, blood culture bottle, cacterial vaginosis, rapid test strips and devices, microplate luminometer, elisa reader, and microplate washer. The company was founded on September 15, 1999 and is headquartered in Zhengzhou, China.
(Source: Trading View)
