1. Would be extremely cautious as death cross forming with EMA20 and 50 crossing EMA200. Possibly around price of HK$350 in coming 2-3 trading days.
2. Oversold now but remains to see if rebound can support at $330 will hold.
3. Price has already retraced to 50% of run up to HK$480.
4. Would not enter until we see support hold at either HK$325 / HK$300 (higher...
In August , TAL formed head and shoulders, which I thought should result in a breakout upwards. But that has failed.
In September , TAL dropped to fib 61.8 level, and support at 200EMA. At that time, the thesis has turned bearish.
As of today in October, short thesis has remained true.
As expected, TAL dropped further below $25
Inverse head...
NYSE:GOOS
I think using FA, GOOS is definitely way overpriced and with uncertain prospects, but both TA and FA show positive in the coming short-run Q3 18 - Q4 18 period - price target of $10-$15 dollars upside.
A few FA forces are in place now:
Pre-Winter earnings Q3 18
NAFTA agreement (very unlikely for anything long-term to be strike without...
TAL is at key support level 61.8 Fibonacci retracement, very similar to FB's 22% drop post-earnings.
If TAL is able to close on top of 200EMA - the market remains bullish on the stock.
Depends on the coming days, I think the chances are high - MW already published 4 parts of their short thesis around accounting fraud of TAL's acquired business (i.e. not its...
Not sure what to do with FB now, as it is at 61.8 fibonacci retracement level, but under 200-day EMA.
RSI dropped significantly, but still not oversold. MACD also entering downside.
If it closes above 200-day ema levels in the next few days, the bull thesis may still be valid. However, RSI and MACD are in negative category, which may signal further drop after...
Bulls have been trying to push up prices, but getting hit down by bears several times today. Unless stronger push from bulls, we should expect further downward price movement after this bearish wedge.
