CHINA50 trade ideas
What role will this level play for China?I'm personally thinking Long for Chinese equities, but we will have to see how this price level holds up in the near-mid term.
See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
Education: Emerging Markets Poise to Make a Comeback in 2019?EMs had a horrible time in 2018; however, the downtrend seems to be broken. Price action found its support from the 2016-17 consolidation zone and had since been on a steady uptrend mode.
It had broken through the 50EMA with relative ease, and is now about to test the major resistance of 200EMA region as highlighted by the red rectangle.
One concern to note is that volume is decreasing with the uptrend, hopefully, there will be a big volume bar along with a spike in PA to push through the 200EMA resistance, in which it will then confirm the rotation. A long position at 10943 area will be attractive, only if PA breaks through the 200EMA resistance.
We will also be zooming into other China Heavyweights such as Tencent and ICBC before taking a position here.
Best Regards,
NourCapital - Tracking Smart Money Flow
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China50 and spx500 about Ice lineChina50 suffered a shock of half a year and quickly recovered
I thought it was just a simple back step and continued to fall.
But repeated observations found the "small secrets"
Small secret = the ice line at the bottom is an illusion, the ice line at the top is a trap (you can refer to the S&P 500)
But I want to tell everyone that the k-line is the result.
When you see the main idea from behind the results, you have already completed half of the work.
Also when you already understand the main idea
There is no need to continue to find the main idea through other k-line
The point of view is left to the good people to go to the fine goods