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9988|Alibaba Wave Projection | Bullish Divergence - Rebound?Price action and chart pattern trading - Minor downtrend ending diagonal pattern with MACD bullish divergence > A possible wave 4.3 minor downtrend wave at the lower support 0.786 extension of wave 4.1 and upcoming rebound wave 4.4 to 0.382 - 0.5 fibonacci retraced from wave 4.3. > Target upside +10 - 12% while downside is -6%, RRR: 1.5:1 > The final downtrend wave 5 could be slightly below Target H&S zone. Always trade with affordable risk and respect your stoploss, nothing is 100%
HKEX:9988Long
by dukeposh
1
Tencent major 4.5% drop sending a break in structure Tencent break in uptrend structure - Bearish Tencent has eventually broken below the Uptrend structure after fantastic upside. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle ). 21<7 price>200 - Reversal RSI <50 - Bearish Target 312 I just did an analysis on Naspers which we spoke about how Tencent has the correlation. As Naspers correlates with Tencent and Prosus... We saw a sluggish market in Asia session with the banking holiday effect in America. Hong Kong stocks slump as Chinese tech giants step up rivalries, HSBC in focus as market await corporate earnings boost. The Hang Seng Index declined 1.7 per cent to 20,529.49 at the close of Tuesday trading, the biggest drop in over a week. The Tech Index tumbled 3.6 per cent while the Shanghai Composite Index added 0.5 per cent. The benchmark index has lost nearly 5 per cent in the past two weeks as hedge funds withdrew from the market. With Tencent dropping 4.5% this is why we saw a large breakaway gap with Naspers. Caution is needed with such volatility .
HKEX:700Short
by Timonrosso
Positive Closing: Executed trade generated profitXiaomi stock Recently has started a bull trend that brings the stock price, to rise from its minimum of 8.42 to 18.10 bringing a rise of 59.49%. I got my signal and entered just in time to take some profit. Now the price overpass my level of attention between 12.30 and 12.74. the last bull impulse brings the moving average of 50 periods close to the moving average of 200 periods, and probably we will see a possible golden cross, let's see it In the coming weeks. My new next level is above 14.22. Probably the reopening of China and the end of the political covid-zero is given a boost to the economy and so the possible start of a bull run, we need to be careful and be aware of any possible change of direction, so having a portfolio diversified, and doing diligence in our work, will help us to protect our portfolio. This trade you can see it on my profile in eToro.
HKEX:1810Long
by tassrjfly