JD is poised to break the counter trendline and bounce ! JD is poised to break the counter trendline and bounce ! JD is squeezed in triangular pattern and is likely to break above after hitting the -27% fib retracement target where the spike down is. If we are going to see a breakout of the counter trendline, it indicates more upside could be there !
Xiaomi is oversold, could see short-term bounce soon! Xiaomi is oversold, last fibo retracement has shown that price hit -27% target and -62% target already. Buyers will think it is a good time to chip in and at least potential target could be set the horizontal pullback resistance. Uncertainties still remain for xiaomi since Trump put Xiaomi in the military list, but short-term bounce could be possible towards our target!
Xiaomi Rocket?Hi,
1. I see RSI golden cross on 2h and 4h graph, although 1D is not ready to show it (but lets hope).
2. THE GAP. I should fill the previous down punch.
Conclusion. It should restore position. Bull!
This is my personal opinion, not an investment idea.
AG
1833 TARGETS 57.40An interesting example from the Hong Kong Stock Exchange that exemplifies a long term uptrending stock under going a correction in the short and medium term.
Long term trend is still up as long as the supertrend line at 57.40 holds during pullback.
Wait for the test and rebound of 57.40 before considering entry.
Medium trend start 190818 and ended on 071220 for a total of 16 months.
Short Entries now at 89.40 targeting 57.40.
Only a break above the pivot of 109.9 will trigger a new uptrend for now.
Short term downtrend started at 113.30 on 210820. Target was 90.05. New target is 57.40.
Only a break above the pivot of 98.35 will trigger a new uptrend for now.
Bottom line.
1833 is in a short/medium term downtrend within a long term uptrend targeting 57.40.
Buy only at the break above 98.35 on the daily charts. You will start see see the 4hr price action turn above the SSSA line on the cloud when this happens. A confirmation in the medium term will be obtained when the position breaks above 109.45.
Use this example to look for similar setups where you learn how to buy on weakness in uptrending long term stocks.
Xiaomi shares fall 10% as U.S. adds to βblacklistβThe Trump administration has added smartphone giant Xiaomi to a blacklist of alleged Chinese military companies.
The move means that Xiaomi is now subject to a November executive order forcing U.S. investors to to divest, or sell out, of affected holdings of any companies on the blacklist, by Nov. 11 this year.
Beijing-based Xiaomi was the worldβs third-largest smartphone maker in the third quarter of 2020, according to Counterpoint Research.
Xiaomi.... eeehHi,
Unfortunately, we got this Trump news, and the stock crushed.
I closed my position with losses thinking that it will fall down to @22-24 level.
Anyway, this paper should stay heavily volatile next days.
Lets wait.
ps. This is not investing advice, but my personal opinion.
AG
PING AN is getting another boost hereAscending Triangle breakout one after another
Bullish on PING AN insurance
Invest with China's richest manWe previously covered this stock here
Read more about this great CEO, Mr Zhong Shanshan, a school dropout and how he went on to build 2 companies worth 10billion each.
His other listed companies include Beijing Wantai Pharma which has also recently shot up the roof by 400 over %.
More news here
With the recent shares fall in Alibaba and Tencent,Mr Zhong Shanshan has climbed his position from 3rd richest to being the RICHEST man in Chin a.
And he is also richer than the legendary investor, Warren Buffett by 5 over billion dollars. Read article here
I would be keen to take a nibble when the shares pull back to 60 .
JD is still in correction. Gap filling might occur! JD is still in correction. Price is retesting the key 61.8% fib retracement and graphical pullback support. Gap filling might occur before a potential bounce, so better to put stop loss below that.
STANCHART with the Trade Setup of WT CrossSTANCHART can rally higher to the next TP (Fibo. P. 100%) after it forms as Wavy Tunnel Cross type. It's worth to take this opportunity with limited risk. :o)
Xiaomi still trends below the trendline, more downside ! Xiaomi still trends below the trendline. As long as price stays below the trendline, we remain bearish on it. MACD is also showing extended bearish trend.
Still have momentum, but is it enough? ππ
Ώπ
³π
°ππ
΄ ππ
Well I called this to make a π₯πͺπ‘π‘ ππππ last week because it needed rest,
but as you see the momentum don't care and it just keep flying and we are on ππ¬π¬% ππππ£ since 32 days ago π
Someone asked me last week, should I enter the trade now and I say, if I was you I would wait, now I don't hope you sit and think, what a jerk!
Because my answer would still be the same today πΏπππ π½ππ and wait for an π₯πͺπ‘π‘ ππππ , this really needs a break β
With that being said, it can πππππ go higher as long as there is good momentum.
Trade with care π
HKEX:2196 Fosun pharma ready to reboundHKEX:2196 Fosun Pharma has been in a steady uptrend since last March, it has pulled back in recent weeks in a tight bear channel to sneak below its 50 day EMA. However it has broken through this bearish pattern. Overall it has remained within its longer term uptrend channel.
I am guessing it will bounce up to just above a $40 tp. Patience required though - may take 30 days give or take, given the Chinese New Year period.
HKEX:2331 Li Ning set to bounceLi Ning HKEX:2331 has been dependable in recent months. Sitting within a tight weekly regression trend channel, it has just pulled back and hit 20 EMA which it seems to more or less respect. It is also moving with the industry-wide uptrend.
My guess is that it will bounce 10% within 30 days. Target exit at 55.50.
SMIC buying opportunity From the day chart, we can see that selling pressure has eased and buyers have returned to push the price up higher. You can either enter a small position here and wait for it to break out of the next resistance level at 26.52 convincingly before adding more.
Xiaomi bounce backHello,
I see two coming scenarios. Anyway it will bounce back to 35+ level in some next days.
