Buy - Strong momentum continues Assigning a 80% of win rate for the next 20%+ return in near term (will judge if that's more to go until it reaches the point). It should hold until it is broken (below the curve). What is more encouraging is the meaningful breakthrough of the upward triangle as well (with trading volume on Nov 18 and Nov 19 moderately larger...
Buy - Strong momentum continues Assigning a 80% of win rate for the next 20%+ return in near term (will judge if that's more to go until it reaches the point). It should hold until it is broken (below the curve). What is more encouraging is the meaningful breakthrough of the upward triangle as well (with trading volume on Nov 18 and Nov 19 moderately larger...
Tough call... the channel formed since 2020 will be a macro-view channel that the market is eyeing on (for technical analysis). I would say we should put in 60% of the target sizing at RMB34 and the rest of the target sizing at RMB26 (the likelihood of hitting that is not low). (i) Act when it hits ~RMB34 (ii) Act when it hits ~RMB26
Not recommending to act now I tried to take side on buy given its position (support on a upward channel) but I am not conformable with the near-term resistance @~INR1,200-1,250 either -> I won't act now. Having said that, I do have two action recommendations. (i) Only act when it hits ~INR651 where it is at the support of the downward channel. (ii)...
Spotted two great buy opportunities (i) Buy opportunity @~INR705 - the likelihood is derived from the intersection point from two mid-term tunnels which were formed in early 2016 and early 2020, respectively. Why isn't it a ~80-90% likelihood? Because the channel's slope (the one formed in early 2020) is too steep - which is in general not in my favor. Having...
Chance of reaching 22,800: >85% Long index @22800-23,000
Likely to hit 23,000 in 6 months time. Be patient.
Buy, given what TA suggest, despite certain amount of fear at this point. It should not take more than a year to see if it is a right decision or not.
Cover half of it at HK$17.8 and the rest of the position at HK$16.3
Not sure how exactly it will go going forward in very short term (~2 -3 weeks). Having said that, I am also more inclined to the movement that it will break through the channel (if I am forced to have a guess on the likelihood, I would put 6.5 on a scale of 0-10.
Key reasons: 1. Support (channel) 2. RSI: Oversold Buy at ~HK$206 First resistance: from ~HK$345 to HK$360 FY20 PE: ~24x
Key reasons: 1. Support (channel) 2. RSI: a) absolute base: Oversold b) trailing: the bottom of the channel of RSI 3. Hammer in a downtrend Buy at ~HK$268 First resistance: from ~HK$390 to HK$422