HKEX:700
A triangle has formed for Tencent pointing at around $336. This will be an important price to monitor to determine a Long/Short trade.
Also, take into account two gaps. Should the trend direction confirms an uptrend, those two gaps provide a good indication of potential profit.
AAC Tech ( HKEX:2018 ) is still seeking its bottom.
Trend: down.
There were two gaps. Caution:
First gap down: 01-02 August 2019 (Price: $42.00 - $40.50)
Second gap down: 23-26 August 2019 (Price: $36.30 - $35.25)
HKEX:1038
CKI Holdings has recently broken the downtrend, with a support at $56.60. Gap up on 07 September 2018 with a price at $58.85.
The resistance levels are as follows:
R1: $61.50
R2: $67.20
R3: $69.60
CSOP A50 ETF is still under pressure, as it has not breakout the downtrend yet. Unless it is able to break out of the downtrend, there is a high possibility the downtrend will continue for the near future. This is also suggested by SAR as it is approaching its turning point. Resistance at $12.44.
HKEX:2822
J200
Long South African Top40 Index.
The analysis was done on a 4hour chart. Using Pivot Points as Targets.
First Target: 51200
Second Target: 52000
Look out for retrace in the region between 51900 - 53000.
HKEX:2202
China Vanke has been in a downtrend since January 2018, peaked at $42.40 on 16 January 2018.
Recent gapped up 13 September 2018, with current support at $25.00.
Looking at the triangle, the point coincides with the support at $25.00 which then becomes our decision point for Long or Short.
Assuming it is moving up, using Fibonacci 23.6% gets us to...
