CHINA50 updated forecastOn 4hr chart divergence is forming. I still think it's an opportunity to buy.
RSI on daily chart is 27 - very low.
We might be here for a while because of low volatility during Christmas holiday.
CHINA50 trade ideas
CHINA50 interesting LONG set upI don't usually trade CHINA50, when it comes to China I prefer HK50, but this is an interesting set up/amazing buying opportunity:
- RSI is very low - 29 on daily chart, RSI was 24 few days ago.
- 11000-11100 is a strong support level. Even in March 2020 the index found support at 11500
- I'm aware of economic situation, but I still believe that recession will hit US and European market really bad in 2024/2025, but this will be opportunity for China to grow in strength
- bearish move might be not over yet but once the trend reverses, I believe it can easily start movement towards 15000-16000 (in next 12 months or so)
*This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*
China 50 opportunity to buyRSI very low
Market record low since March 2020
Fantastic opportunity to buy, TP 11700-11750 max - anything above this in my opinion is risky
This is not a trading advice. Always do your own analysis before entering the market.
China A50: Last wave down. Prepare to long for the new year 2024To summarize:
1. We are currently in the 5th wave down. The last wave.
2. Potentially a sharp drop for the last 2 weeks of Dec 2023.
3. Price might follow the same pattern as Dec 2018.
4. Target 10130-10145.
China50 forming a bottom?CN50USD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Posted a Bullish Hammer Bottom on the 4 hour chart.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Further upside is expected although we prefer to buy into dips close to the 11165 level.
We look to Buy at 11150 (stop at 11050)
Our profit targets will be 11400 and 11450
Resistance: 11420 / 11690 / 11880
Support: 10910 / 10550 / 10360
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
China50 to see a temporary move higher?CHN50 - 24h expiry
Buying pressure from 11171 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 11480 level.
We look to Sell at 11480 (stop at 11560)
Our profit targets will be 11280 and 11220
Resistance: 11420 / 11690 / 11880
Support: 10910 / 10550 / 10360
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Chinese markets look dangerously bearish. No matter how much China is trying to support its markets, whether it is monetary or fiscal stimulus measures in recent months, the equity markets have been very weak. Today's EDGE chart of the Day is the China A50 is a stock market index by FTSE which illustrates how weak some of the top A share stocks are in the Shanghai and Shenzhen exchanges are. We are nearing the lows of 2022, however the RSI is oversold. If you look at the lower pane, you will also notice that the RSI has been (and could get) much more oversold on any technical breakdown. Not pictured is the price in copper, which has a failed rally above the 200dma along with the AUDUSD with similar price action. New lows in this index may also attract unwanted attention to the price of copper and the Aussie Dollar.
China A50 swing trade longSometimes simple is best. And we may have found a simple setup on the China A50 index.
Sure, the daily chart remains within a downtrend, but it shows the potential to extend its countertrend move higher by at least one more leg in our view.
The index saw a decent rally from the 11,600 area before retracing 50%. A 3-bar bullish reversal pattern has formed (morning star) after two failed attempts to close the day beneath 12,000.
RSI (14) has broken its own bearish trendline and formed a higher low ahead of prices action. If momentum really does lead price, can prices now follow?
Assuming the overnight risk-on rally continues, we could be looking for a move to 12,500 (particularly if China data surprises to the upside today).
CHN50 Buyers Firewall the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Fibonacci Tool.
buyers are burned in black rectangle (0.5- 0.618 golden level retracement )
therefore we can expect that CHN50 index decrease step by step to 1.27 F or 1.618 F.
CN50 to turnaround?CN50USD - 24h expiry
Buying pressure from 11908 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Short term bias is mildly bullish.
The trend of higher lows is located at 11908.
Preferred trade is to buy on dips.
We look to Buy at 12035 (stop at 11985)
Our profit targets will be 12155 and 12195
Resistance: 12245 / 12530 / 12750
Support: 11880 / 11690 / 11420
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CHINA A50: Chinese stocks are the buy opportunity of a decade.The China A50 index (CN50) is trading within a Falling Wedge pattern and on the larger picture a Channel Up with its Higher Highs being on June 09 2015 and February 16 2021. The price is now closer to the Channel Up bottom and the pricing of a new long-term Higher Low (bottom), which already makes it a great buy opportunity. Of course the most optimal level to enter would be as close to the bottom as possible, especially of the 1W RSI makes one more Higher Low on its Triangle.
We have seen the very same 1W RSI Triangle in November 2012 - February 2014, when the index was within a similar Falling Wedge. The same RSI Bullish Divergence (Higher Lows against the price's Lower Lows) eventually caused the March 18 2014 rebound. This is why the most optimal level to buy would be on the (current) RSI Higher Lows. If that isn't materialized, we will enter when the 1D MA100 (green trend-line) breaks, which will be a bullish break-out confirmation. In either case, our long-term target is the 2.382 Fibonacci extension level at 23000.
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CHINA A50: Bullish signal approaching.The China A50 index reached today the LH trendline of the August 1st top and turned neutral on the 1D technical outlook (RSI = 50.831, MACD = -120.000, ADX = 25.828). The 1D MACD Bullish Cross that was just formed on such a low level, makes the third time this year but we need further confirmation to buy for an extension as the March 23rd Bullish Cross failed to push the index past the 0.382 Fibonacci level.
Consequently, if the price closes a 1D candle over the 0.382 Fibonacci, which at the same time will be a 1D MA50 breakout, we will go long and target the 0.618 Fibonacci level (TP = 12,800), which will be a technical LH of the 10 month Channel Down.
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China50 to see early optimism?CN50USD - 24h expiry
Buying pressure from 11548 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 12020 level.
We look to Sell at 12020 (stop at 12125)
Our profit targets will be 11770 and 11700
Resistance: 12245 / 12530 / 12750
Support: 11690 / 11420 / 10910
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CN50 to see another capped rally?CN50USD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 12600 level.
We look to Sell at 12585 (stop at 12685)
Our profit targets will be 12335 and 12255
Resistance: 12530 / 12750 / 12910
Support: 12245 / 11880 / 11690
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
China50 intraday dips continue to attract buyers.CHN50 - 24h expiry - We look to Buy at 12340 (stop at 12220)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to buy on dips.
Our profit targets will be 12640 and 12720
Resistance: 12750 / 12910 / 13065
Support: 12245 / 11880 / 11690
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
China50 to find buyers at previous swing low?CHN50 - 24h expiry
Selling posted in Asia.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The current move lower is expected to continue.
Previous support located at 12279.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 12280 (stop at 12160)
Our profit targets will be 12580 and 12660
Resistance: 12530 / 12750 / 12910
Support: 12245 / 11880 / 11690
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
Will China50 turnaround?CHN50 - 24h expiry - We look to Buy at 12405 (stop at 12295)
We are trading at oversold extremes.
Short term bias is mildly bullish.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 12680 and 12740
Resistance: 12750 / 12910 / 13065
Support: 12245 / 11880 / 11690
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
China50 struggles to maintain gains.CHN50 - 24h expiry - We look to Sell at 12695 (stop at 12775)
Although the market broke to the upside in early trade, bespoke resistance at 13100 capped the gains.
Intraday signals are mildly bullish.
There is scope for mild buying at the open but gains should be limited.
Bespoke resistance is located at 12700.
The lack of interest is a concern for bulls.
The primary trend remains bearish.
Our profit targets will be 12495 and 12415
Resistance: 12650 / 12700 / 12800
Support: 12531 / 12430 / 12360
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
China50 to find buyers at previous support?CHN50 - 24h expiry
Price action looks to be forming a bottom.
Previous resistance at 12530 now becomes support.
12531 has been pivotal.
Support is located at 12530 and should stem dips to this area.
Buying posted in Asia.
We look to Buy at 12555 (stop at 12435)
Our profit targets will be 12855 and 12935
Resistance: 12700 / 12800 / 13000
Support: 12550 / 12500 / 12400
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Evergrande's Wild Ride: What Lies Ahead for China's MarketsProblems with China are all over the news now with Evergrande filing for bankruptcy and opening down 90%.
Is any of the previous examples of this are anything to go by, Evergrande goes up a few 100% now. That's what's the norm - as crazy as it sounds.
Looking at the China indices, they currently hold 76 supports. This is a real make or break level for them. If buyers hold these levels, we might have seen the end of the dump.
Probably nothing but pain if the supports break.
China50 forming a bottom?CHN50 - 24h expiry - We look to Buy at 12555 (stop at 12435)
Price action looks to be forming a bottom.
Previous resistance at 12530 now becomes support.
12531 has been pivotal.
Support is located at 12530 and should stem dips to this area.
Buying posted in Asia.
Our profit targets will be 12855 and 12935
Resistance: 12700 / 12850 / 13000
Support: 12600 / 12530 / 12450
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
China50 resistance continues to cap rallies.CHN50 - 24h expiry - We look to Sell at 12495 (stop at 12595)
Selling pressure from 12536 resulted in all the initial daily gains being overturned.
A Doji style candle has been posted from the high. Our short term bias remains negative.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we prefer to sell into rallies close to the 12500 level.
Our profit targets will be 12245 and 12205
Resistance: 12560 / 12750 / 12910
Support: 12245 / 11880 / 11690
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
