Long XinYi Glass - Short term sentiment bottomingSlightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too. Longby ChuaChangYiPublished 0
Long HaiDiLao - Rebound PlaySlightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too. Longby ChuaChangYiPublished 0
Long JD Health - Breakout playSlightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too. Longby ChuaChangYiPublished 0
China Property Developers given a tow line by CCPRead news here When this industry contributes 25% of the country's GDP, it is imperative that the CCP will do something to shore up the default players rather than to see them falter on their debts holdings. This bailout , hopefully will send some of the players shares going up but I would wait a while more before deciding to go LONG on it......Longby dchua1969Published 0
BYD.....Charging the battery!Hello Traders, BYD bounced off the level @ 261 HK$, as I mentioned per my later analysis! In consequence, it ran to 302.-! This could be waves (i) or a wave a of (b) of ((ii))! In the corrective case, at 325.80, waves c=a of (b), and the next move should be down to 245.80 HK$! This would complete waves (c) of ((ii))! If the weakness to 261 HKD was all of the correction, the waves should extend to 333.- HKD from these levels or slightly lower areas! A break of 261.- would negate the bullish view for a moment! Have a great weekend..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!by ruebennasePublished 1
700 AnalysisPrice is playing exactly as analyzed last week. Price took out sell-side liquidity below and is now deciding where to go. I'm leaning towards the price going lower to fill some price inefficiency at 310.2 before going higher.Shortby KeeleytwjPublished 0
1810 AnalysisPrice is consolidating since last week. Price is on a downtrend. Price falls short of hitting the bullish POI at 12.16 and showed some bullish momentum. I'm still expecting price to hit the bullish POI before starting an uptrend. However, do note that there are sell-side liquidity being built up, and price could potentially take out the lows at 11.26 before going higher.Shortby KeeleytwjPublished 0
WATCH $819Bullish Fundamental - High inflationary Macro environment / no fear sentiment - Funds Accumulation - Decent PE - Decent PEG - Decent P/FCF - Top Sector / Industry / Leader Technical - Momentum Theory Indicator - Momentum bottomed - Price action formation ( falling wedge ) - Broke Trend line and bottomed - Above 200MA - Above POC - ST ok - Bullish Candlestick pattern / formation Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. "Price is what you pay value is what you get" Cheers and happy trading! Longby nexxtradePublished 0
JD.COM Potential Bullish ContinuationOn the H4, with price moving within the ascending trend channel and MACD showing a bullish momentum. we have a bullish bias that price will rise from the entry at 248.2 to the take profit at 265.8 at the swing high in line with the 78.6% fibonacci retracement. Alternatively, price may drop from the entry to the stop loss at 234.0 at the multiple swing low in line with the 50% fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.Longby RockqetPublished 0
BYD....Don`t panic! The situation is under control!Hello Traders, yesterday, BYD dropped nearly 10 % at Exchange in Hong Kong. It was a bit misty what was the cause. So, 225 Million stocks of BYD were listed at the clearing book in Hong Kong. This number is exactly the size, of which Buffet bought in 2008! So, the rumors ran around, that he is likely to sell BYD stocks! But, what reason Buffet should have to sell his stocks in BYD? In fact, the reason was, that Hong Kong exchange switched from physical stocks to electronic stocks! That's it! Today, the stock rebound 5%! But what does it suggest for my wave count? One possible idea could be, that waves ((i)) and ((ii)) are done or close to be, and the next move is a rally in waves ((iii))! A break of 333 HKD opens the door to this idea. A decline to 245.8 HKD is possible, would only retrace to the most possible level for a waves ((ii))! So the next day's should be fascinating for BYD. Have a great Friday..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!by ruebennasePublished 1
Potential Bearish ContinuationOn the h4, with price moving in a descending trendline and below the ichimoku cloud, we have a bearish bias that price will continue to drop from the sell entry at 353.6 in line with the pullback resistance, 100% fibonacci projection and 127.2% fibonacci extension to the take profit at 297.2 at the swing low in line with the 78.6% fibonacci projection. Alternatively, price may revers off the sell entry and rise to the stop loss at the pullback resistance in line with the 100% fibonacci projection. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.Shortby RockqetPublished 5
CHINA ENERGY ENGINEERING break rectangle patternChina Energy Engineering (3996.HK) breakthrough rectangle pattern and there is 20% potential upside. Fundamental are positive since China had a hot summer and the demand for electricity increase. CEE is a electricity related stock and stage positive from short-term trend. Stop-loss level is set at 1.03 HKD .Longby Kelvin_NamCheongPublished 0
1810 AnalysisPrice is on a downtrend. Price has hit the bearish POI a few days back, expecting price to hit the bullish POI before starting an uptrend. However, do note that there are sell-side liquidity being built up, and price could potentially take out the lows at 11.26 before going higher.Longby KeeleytwjPublished 0
700 AnalysisPrice is on a downtrend. Buy-side liquidity was grabbed a few days ago at 403.6, but price is unable to close above. Also note that price is building sell-side liquidity. I'm expecting price to take out sell-side liquidity to the downside. Other than this, price action is choppy here and could be the start of wyckoff accumulation schematic.Longby KeeleytwjPublished 0
Li Ning(2331.HK) resistance level 72.5 HKDLi Ning (2331.HK)enter into a strong resistance level from 72.5 HKD to 74 HKD. If it cannot breakthrough 74 HKD, it is likely to have a significant recession to 62 HKD. It is a SELL. Shortby Kelvin_NamCheongPublished 0
Inverse head and shoulder coming up in xiaomiVolume could be seen at 1yr high. Would will see a trend reversal before this quarter ends ? High likely as price could be seen supporting at the 50ema too. Longby HX_FundPublished 1
CK Asset (1113.HK) a BUYCK Asset'(1113.HK) DMI becomes strong, with DI cross -DI. The volume trade is increasing, it offer a potential upside of 20%. Longby Kelvin_NamCheongPublished 0
BYD.....Waves c to lower levels in motion!Hello Traders, in € BYD has set a new ATH €41.85 yesterday. At stock exchange Hong Kong, the stock is trading @ 319 HKD this morning. Price is on path as I determined; it ranges from 380.- – 400.- HKD! It is the upper trend line of the channel, depending on if and when it will be achieved. Support zone ranges from 288 to 278 HKD. The move since the ATH is a waves a-b (done), and a waves c to follow. This wave should end at or around the support level. Recall, that it also can morph into waves w-x-y; in this case, it would end above the level of 308.- HDK! Update is following at the next days. Have a great week..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk! by ruebennasePublished 1
Xinyi Glass (868.HK) is in a downward trendXinyi Glass (868.HK) is under a downward trend. The stock price cannot up cross the downward trend line. Also, there is a decrease in demand on construction and auto glass demand. The downside direction is with Hang Seng Index. Shortby Kelvin_NamCheongPublished 0
WATCH $788 BORING IS GOODBullish Fundamental - Moderate inflationary Macro environment in the EAST / Most still like to chase WEST high don't fancy EAST undervalued sentiment - Funds Accumulation - Positive PE - Decent PEG - Positive P/FCF - Top 50% Sector / Industry / Leader - Boring sector but think 5G & 6G Technical - - Momentum Theory Indicator - momentum bottomed making inverse H&S action - Price action formation ( deformed falling wedge ) - Price action losing diving momentum, price action is rotating anti clock wise indicating a trend reversal - Trend line pending break out - Price above 200MA - Price under POC - Broke out S.T - MACD bullish divergence making a H&S formation Entry idea - Entry idea was based on few confluences - Rejection / retest of the trend line / neckline - Price below 200 MA Stop loss depending on entry and risk appetite. But always set meaningful stops. "I have two basic rules about winning in trading as well as in life: (1) If you don't bet, you can't win. (2) If you lose all your chips, you can't bet." Cheers and happy trading! Longby nexxtradePublished 1
WATCH $1211 SOMETHING IS AMISSSomething caught our attention on the weekly chart on $1211 BYD Company Limited on the HKEX. While the price is making higher high, we observed that the momentum is making a lower low forming a bearish momentum divergence. As you can see from the chart, each thrust momentum is diminishing forming a rising wedge which is a bearish price action. We foresee the momentum extinguish at the 3rd oscillation and eventually price will break down from the rising wedge into a bear cycle. Attractive R:R if you were to ask me. To achieve what others won't, you have to do what others don't“ Shortby nexxtradePublished 2
REVIEW $3800Bullish Fundamental - Controlled inflationary Macro environment / boring sentiment in the East - Good theme - Carbon neutral / green - Funds Accumulation - Decent PE - Decent PEG - Decent P/FCF - Strong Sector / Industry / Leader - Great theme along with the CCP direction of carbon neutral Technical - - Momentum Theory Indicator - momentum consolidation / breakout - Price action formation ( Bull flag ) - Volume surged upon break out - Momentum broke out with volume surged and price broke out from flag pivot - Trend line - Price above 200MA - Price above POC as support Entry idea - Entry idea was based on few confluences - Price above POC - Price broke out pivot - Price broke out with volume surge and momentum break out Stop loss depending on entry and risk appetite. But always set meaningful stops. " Success is the sum of small efforts - repeated day in and day out. " Cheers and happy trading! Longby nexxtradePublished 1
Xiaomi Corporation (BUY)Breakout of the trendline + beautiful RSI configuration and 3 possibles targets based on fibonacci retracement.Longby axelodgPublished 1