PCCYF - Up From Inverted H&SI have drawn a white channel that price is currently moving up through
This has occurred due to a successful inverted H&S which I think will allow continuation of the bull movement
Daily chart
BULLISH
PCCYF trade ideas
We are close to resistance area. Downwards now 😱We are close to resistance area. Downwards now 😱
Near $1.10 seems to be the spot for a rejection and retracement.
RSI and Stochastic RSI is in Top area, time for a reversal.
Are you shorting?
Petrochina: Please reverse! 🔄Last week, the PetroChina share price continued its downward trend and has now reached the level at which it should form the low of the blue wave (iv) in our primary scenario. Consequently, it should soon stabilize and stop its downward movement. With the low in its pocket, a further rise is then on the cards to complete the turquoise wave 4. Only when this overarching movement is completed should stronger declines follow. However, there is also an alternative scenario with a fairly high probability of 40% that would come into effect if the sell-off continues into next week. In this case, the high of the turquoise wave alt.4 would already be in place and the price would be in the subsequent downtrend.
long position on 601857My strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
857 short after bearish hammerOpened below bearish hammer.
Filled next day, strong bullish hammer closed below 10MA, but slightly above both 100 and 200MA.
Risky trade in a hindsight we'll see how market decides soon.
Nice buy here Strong buy signal on 601857 (PETROCHINA COMPANY LIMITED)
- Strong support
- Bearish trendline breakout
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Buy now, the market decides to go upnow we see a good sign to change the trend. I recommend buying now, the market is going up sharply
when WTI and US oils rallied.. why is china's oil behind perhaps its high time for them to awake frm the dead and double bottom pending clearance at 3.05
Reversal in sight
PetroChina Wednesday, 23 June 2021
16:23 PM (WIB)
Everything still looks good.
The upside movement is on impulsive.
But need to carefully at 0.618 F as it could be shift on moving direction.
The target still at $6.5
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PetroChinaWednesday, 9 June 2021
13:25 PM (WIB)
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally.
It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments.
The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.
The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products.
The Marketing segment is involved in marketing of refined products and trading business.
The Natural Gas and Pipeline segment engages in the transmission of natural gas, crude oil, and refined products; and sale of natural gas.
As of December 31, 2020, the company had a total length of 31,151 km, including 22,555 km of natural gas pipelines, 7,190 km of crude oil pipelines, and 1,406 km of refined product pipelines.
The company is also involved in the exploration, development, and production of oil sands and coalbed methane; trading of crude oil and petrochemical products; storage, chemical engineering, storage facilities, service station, and transportation facilities and related businesses; and production and sales of basic and derivative chemical, and other chemical products.
The company was founded in 1999 and is headquartered in Beijing, the People’s Republic of China.
PetroChina Company Limited is a subsidiary of China National Petroleum Corporation.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PetroChina is approaching support, potential bouncePrices are approaching our support in line with our graphical swing low support and 78.6% fibonacci retracement where we could see a bounce above this level with our first resistance as our target.
ALL IN ON PETROCHINA?Rounding double bottom with divine crossover? Price is well supported settling at the 50ema. Accumulating buy volume for the past year. Might shoot up anytime soon. Patience.
PetroChina is approaching support, potential bounce Prices are approaching our ascending trend line where we could see a bounce above this level.
PetroChina is approaching support, potential bouncePrice is approaching our support where we could see a bounce above this level. Our first support is in line with our 100% and 78.6% fibonacci extension as well as the 61.8% fibonacci retracement. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
PetroChina is facing bullish pressure, potential for more upsidePrice is facing bullish pressure in line with our ascending trend line, Ichimoku cloud and 20 EMA where we could see a further upside above this level to our first resistance target.
I Recommend buying !PETROCHINA COMPANY LIMITES
WILL Rise next days
The Target 4.60 CNY
SToopLOss 4.10 CNY
LONG 857 (Petrochina)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
PetroChina could see a further drop Price is facing bearish pressure where we could see a further drop below this level.
PetroChina facing bearish pressure, potential for further dropPreviously we caught the reversal nicely on this stock, I have linked it below. I maintain a bearish view on this stock a test of our sell entry could present a good opportunity for a short. What are your thoughts on this?
PetroChina facing bearish pressurePrice is facing bearish pressure from our resistance, bearish trend line and Ichimoku cloud, a retest of our sell entry could present a good opportunity to go short.
