Backtest and up!!!Nǐmen hǎo!!
We can see a nice breakout from wedge and our main target area is our goal!
Wait for backtest for new buys, buy at correction!
Good luck traders!!!
One more wave left to our main target area!Nǐmen hǎo!!
This can be the next buy opportunity.
A very simple Elliott wave setup.
Good luck traders
China Stock - Uptrend in this week for 688433This stock is picked by my app, please search qingxuantang/chinese_stock_picker on Github.
The uptrend has begun since last week and may continue for another week. The selling date is set to be between 13-15 Nov.
Half-a-month Uptrend of 688667Picked by my open source algo at github.com .
RSI and CB Idx indicate a potential uptrend if successfully crossing upwards to the moving average, while the already overbought RSI position should not be ignored.
DO_LB indicates a potential end of the current downtrend period.
Time cycles indicate that there may be a low point by the end of November, therefore the end of this short-term uptrend will possibly end before the first half of November.
Half-a-month Uptrend of 300969Picked by my open source algo at github.com .
RSI and CB Idx indicate a potential uptrend if successfully crossing upwards to the moving average. DO_LB indicates a potential end of the current downtrend period.
Time cycles indicate that there may be a low point by the end of November, therefore the end of this short-term uptrend will possibly end before the first half of November.
300892 Long1.Bullish engulfing pattern
2.Triple Bottom
3.Kweichow Moutai's Distributors Can Absorb Higher Prices
600502 Long1.Bullish engulfing pattern
2.high volume
3.TD Buy Setup 9
4.Shares of Chinese infrastructure companies rise after China approved a 1 trln yuan ($137 bln) sovereign bond issue to for infrastructure construction
How-to use L3 Six-color Divine DragonNOTE: this indicator is optimized for stocks which include financial data, for forex and crypto, it may not work as well as stocks.
**L3 Six-color Divine Dragon** Indicator consists of red profit holders, yellow floating chips, and green trapped holders, along with their 10-day moving averages, totaling six colors, hence the name Six Color Dragon. The dynamic chips reflect the trading and movement of the main chips within a certain range. Purple represents the stock price entering the oversold zone, and yellow represents the stock price in a normal trend. The Six Color Dragon Indicator calculates the price and volume data over a period of time to display the buyer/seller activity. It analyzes the possible behavior of institutional funds based on the price and volume data of each trading day.
- Deep red bars: the current proportion of profitable holders.
- Red line: the moving average of the red bars.
- Deep green bars: the current proportion of losing holders.
- Light green line: the moving average of the green bars.
- Yellow bars: the proportion of daily traders (buying and selling on that day).
- Yellow line: the moving average of the yellow bars.
When the deep red bars > 50%, it indicates strong control of institutional funds and an easier continuation of the uptrend. When the deep green bars < 50%, it indicates retail investors are trapped inside, making it easier for the downtrend to continue.
The intersection of moving averages indicates a trend reversal signal:
1. Red line crossing above the green line: uptrend.
2. Green line crossing above the red line: downtrend.
The process of major manipulation of stock prices can be roughly divided into the following stages:
1. Accumulation stage: before the start of the main uptrend, the main players repeatedly clean up the chips to obtain more cheap chips; trial actions before the rise are also essential. When the selling pressure from external sources exceeds the expectations of the main players, they will continue to clean up the chips until their desired goal is achieved. After breaking through the platform, they choose to rise. During the rise, the main players will choose to lift, clean up, lift again, clean up again... When most investors feel that every pullback of this stock is a buying opportunity, often the top of this stock is not far away, and the main players have quietly started to exit.
By using the Six Color Dragon Indicator and dynamic chips together, we can effectively grasp the various stages of the main manipulation of stock prices:
1. Accumulation - initial rise: in this stage, the typical features of the Six Color Dragon Indicator are a decrease in trapped holders (green bars), an increase in floating chips (yellow bars), and occasional appearance of profit holders. The dynamic chips show that the stock price always fluctuates around the dense peak area of the chips. This stage is more difficult to operate, so it is recommended to wait for the appearance of a buying signal.
Buying signal: the stock price breaks through the consolidation pattern with increased volume, the 10-day moving average of the profit holders in the Six Color Dragon Indicator is moving upward, and the red bars of the profit holders break through the purple moving average of the profit holders; the stock price is more than 10% away from the dense peak area.
2. Trial trading, chip cleaning: after the main accumulation is completed, before a significant rise, there is often a trial trading phase. If a large amount of selling pressure is observed, it is usually necessary to clean up the floating chips, which is called chip cleaning. The chip cleaning is manifested in the stock price as significant fluctuations.
The main features of this stage are: the 10-day moving average of the profit holders in the Six Color Dragon Indicator changes from an upward trend to a flat or smaller angle, indicating a decrease in profit holders, and the stock price experiences a certain amount of decline. However, the dense peak of the dynamic chips remains unchanged, and the stock price usually fluctuates above the corresponding price level of the dense chip area, rarely falling below the dense peak or quickly recovering after falling below.
At this time, we can choose to buy a portion of the stock near the dense peak of the dynamic chips when the stock price stabilizes. We can then add more positions when there is another significant volume breakthrough of the previous high point, and the dense peak of the dynamic chips does not shift upward.
3. Main rise stage: this stage is the main profit-making stage of significant rise.
- The main features in the early stage of the rise are steadily increasing red bars in the Six Color Dragon Indicator and a steady upward trend of the 10-day moving average of the profit holders.
- In the later stage of the rise, the red bars are mostly above the 10-day moving average of the profit holders or around it. The dense peak of the dynamic chips does not clearly shift upward, or even after the shift, the stock price continues to run above the new dense peak, indicating that the stock still has upside potential and can be held.
4. Distribution stage: the main features of this stage are a slow decrease in profit holders, red bars retracting within the 10-day moving average, accompanied by a decline in the stock price and the emergence of trapped holders; the dense peak of the dynamic chips shifts upward, and the stock price falls below the newly formed dense peak, leading to an increase in trapped holders and profit-taking.
Note: when analyzing weak rebounds, the selected range, the time span on the x-axis, and the turnover statistics may vary, resulting in different effects in dynamic chip analysis. Specifically, the range from the most recent point to the highest point within 3 weeks or more is usually a reasonable range. Remember to identify the high point of a rebound that lasted for 3 weeks or more, otherwise, the accuracy of the analysis will be reduced.
In addition, when using the Six Color Dragon Indicator and dynamic chip analysis, it is necessary to combine other technical analysis tools and market conditions for comprehensive judgment in order to improve the accuracy and reliability of the analysis.
KWEICHOW: to BUYbreakout of strong resistance with strength, and with a strong green candle.
high probability that KWEICHOW is going up
603683 forming cup and handleForming cup and handle over 12 months highs, with handle in the upper 50% range, entry over 10ma bounce, with stop under 10ma bounce lows
002292 cup-n-handleForming a cup and handle over the 1 year high levels that were recently broken. Handle well in the upper 50% range.
601801 high volume cup-n-handleForming cup and handle on very high volume, currently a handle with dried up volume (no sellers left), ideally bounce over the 10ma and moves 20-30% higher. Entry on bounce break, stop on handle lows. Handle forming perfectly in the upper 50% of the cup.
acetiv acidthe 1st Big Father Candle was followed by 3 consecutive corrective candles.
the next move up was completed by 4 small candles that were corrective by nature (because of their small bodies with long bipolar tails) but this slow move did not even go 50% of the first big candle.
the last corrective candle can go straight down in one push to the bottom line from where the first Big Father Candle rose.
this can complete the law of Alternation.
Screaming Buy on SHANGHAI DATUN ENERGY RESOURCES LTDScreaming Buy on SHANGHAI DATUN ENERGY RESOURCES LTD
Long term structure of the stock looks positive
The King of White Goods
From weekly chart, we can see that there were 3 occasions that it failed to break above the 61.34 resistance level. Now, the price is near to this resistance level again. For those who want to be more assured, can wait for the break out followed by a bullish pattern.
And for those who already had a LONG position at 49 dollars can just wait a while more before accumulating........
Please DYODD
Riding on the EV trend Read this news article here www.scmp.com
We can see from chart that the weekly bullish trend is still intact with the recent tug of war ending with the bulls charging forward. I will wait for a few days to let the bullish trend be more concrete before deciding to go LONG on this stock.
On the day chart, 70.52 has been met with several times resistance so a pull back looks possible this week.
Perhaps, let the price goes above 72 may be provide more assurance of its bullish direction.
Please DYODD.
ema_combojust a ema_combo.
It uses 5, 10, 20, 30, 60, 120, 200 days ema trending lines to show the trending of the stock price.
short position on 600036My strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
short position on 601988My strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
short position on ZWMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
short position on 601658My strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
