Huge laggard in China. Even JD looks like it wants to move higher before lower. I think JD will be the alarm bell for China equities to finally move higher, as even the laggard is showing resistance to selling pressure as of now.
Baba, PDD, Baidu, KWEB, CQQQ all look pretty decent, but JD needs to finally push higher to confirm a good trend for China stocks
Lots of news this week, wow. Besides fundamentals and what everyone thinks, we might have a trade setting up that is very... unusual? The narrative has switched very quickly from bull market to fear. Interest rates are surprising everyone (not me, I've been long rates and short indexes this week) ; although, ratios are lining up for a favorable r/r in TLT.
TLT...
Fundamentals aside, this stock appears to be bottoming out. If I'm wrong, that's fine. Stop losses are easy here, sideways action for now. BUT, 200 MA and 50 MA will cross soon, 100 MA also evening out. With fundamentals, revenues going up, good risk reward here with a tight stop loss. I will wait for more signs an uptrend is establishing before entering, it might...
Look, no TA here more of an idea based around news that was just announced. China seems to be selling dollars here to prop up the value of their currency. According to the article:
"This adds to the earlier intervention efforts this week, with Reuters reporting that China's major state-owned banks were seen selling dollars again today in exchange for the yuan in...
Took a long here today after scouting random stocks. Weekly and daily showing lots of divergence with price action. R/r is pretty good here bought @ $6.45. For those who have seen some of my other ideas chart patterns like these are pretty easy to trade as your stop loss is easy to place see demand line below.
Because of my other plays, I placed some bull spreads and naked calls on PRLB to cover potential losses on another play I'm doing, OTRK. Playing some of these setups aggressive because it's more fun. I've shaved 60% position with profit and riding 40% for free which I'll trim even more or let ride.
Looks pretty good on weekly and daily, climbing up after finding the swing low. Above most lower moving averages. The short interest doesn't really bother me as I still believe overall the risk reward is so good here people will take their positions.
I'm long silver so this is biased information. Rates going up on bonds which is normally bearish for precious metals but I'm really thinking a move up soon. Few indicators showing bullish divergence. Globally inflation and what the government is doing in the us giving me some hope we see some relief from selling off gold
Second highest volume day since crash from a few weeks ago. Many indicators showing continuation move upward. Second pivot hit at $4.15. Room to go on the weekly as a cross will happen soon, 3hr and 4hr look really good as well with MA's coming up to previous resistance, could act as support from here.
Inverse H&S breaking the neckline or at least trying to. Watch vol pools for the past three months waiting for this setup. Moving avgs all crossing up 3-4h looking real good. Interesting time for this to happen before earnings w a gap fill up above.
Could go either way, I'm leaning bullish although low volume is worrisome. Price-wise, it looks to be seller exhaustion with some indicators pointing to a relief-rally, however big. I don't care about macro-events just looking at charts, I think buyers have some room here.
Not a big fan of this sector but Village Farms has a couple things going for it. OTM calls $9 and $11 got them for dirt cheap couple months out. Risk to reward for me is good with how I'm exposed on other options currently.
Broke a downward channel, forming a mid-long term trend change if we can get above $32 gap fill way above here near $48, starting to add to this position while I scale out of my OXY calls.
Very cool chart, accumulation and tightening price action at the end of a wedge. Some bullish divergence on some indicators also near previous support. I like using fib EMA's (9,13,21) and the 9 is really close to its current price at $2.21. With all of this info long play seems great here, by candlesticks alone we are breaking out of this current contraction...
